# Kardinal

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/kardinal

- Industry: Software
- Headquarters: Paris, France
- Website: www.kardinal.ai
- Total disclosed funding: $1.6M
- Latest round: Seed (Jul 8, 2019)
- Investors on record: 1

## About

Kardinal, based in France, specializes in optimizing last-mile delivery solutions. The company harnesses artificial intelligence and machine learning to enhance logistics efficiency across various industries.Founded in 2015, Kardinal focuses on delivering advanced logistics optimization solutions. The company is headquartered in Paris, France, and has successfully executed 4 deals, with its latest funding round occurring on May 13, 2022. Kardinal raised EUR 7.05 million led by Benhamou Global Ventures, with participation from Plug and Play Tech Center Corporate Development/Ventures and Serena. The founders, Cédric Hervet, Hugo Farizon, and Jonathan Bouaziz, have established a strong foundation in the logistics technology industry, with Jonathan Bouaziz currently serving as CEO and leading the company's operations.Kardinal specializes in last-mile delivery optimization solutions, focusing on enhancing logistics efficiency through artificial intelligence and machine learning. The company offers a suite of products designed to address various logistical challenges, such as route optimization, delivery slot planning, transport procurement optimization, and territory sectorization. Aiming to cater to carriers and shippers in industries like postal services, e-commerce, retail, urban courier services, and waste transport, Kardinal's innovative algorithms continuously analyze data and adapt to real-time conditions, enabling organizations to optimize operations and improve decision-making.In 2017, Kardinal generated revenue of EUR 67,000.3, while reporting an EBITDA of EUR -74,017.4. The company utilizes a subscription-based business model for its optimization software solutions, allowing clients access to services like Always-On Route Optimization (ARO) and Territory Analytics & Optimization (TAO). These services involve ongoing transactions whereby clients subscribe based on their specific logistics needs, fostering long-term partnerships and ensuring a stable revenue stream from their flagship products.As of May 2022, Kardinal is leveraging the EUR 7.05 million raised in funding to enhance its product offerings and expand its market reach. Plans include the development of new optimization solutions tailored for additional logistics challenges and targeting expansion into new geographic regions within Europe and North America by 2023. The funding will be instrumental in supporting product innovation and market entry strategies.

## Funding rounds

- Seed, Jul 8, 2019, $1.6M — Serena

## Investors

- Serena (https://capitalatlas.ai/funds/serena) — Seed