(Yicai Global) Oct. 26 -- Zhicang Technology, a smart logistics solution supplier, has completed pre-A financing worth tens of millions of yuan led by Albatross Venture and supported by angel investor BlueRun Ventures.

Zhicang aims to provide the logistics industry with smart solutions based on machine learning and operational research algorithms and has already served a number of industry-leading enterprises.

The startup uses an optimization-of-profit model as a starting point to introduce logistics solutions that improve operational efficiency without changing existing models, helping clients implement intelligent planning and scheduling at the same time.

Domestic logistics companies are currently facing a number of challenges, such as unstable vehicle demand, time-consuming manual scheduling, low efficiency and high costs, said founder Zhou Jilong. The firm is committed to solving these business problems, reducing costs and increasing profits.