Prologis, the world's largest logistics real estate company, has deployed TestFit's real-time AI to judge the feasibility of new warehouse sites, and its venture arm has invested in the company. Prologis Ventures co-led TestFit's $20 million Series A with Parkway Venture Capital, joined by Perot Jain, in a round that closed in June 2022. TestFit's platform gives development teams instant read-outs on design, constructability and cost during early-stage site planning, work that has traditionally taken weeks. TestFit says customers have cut site-planning time by as much as ten times. It's a strong endorsement: the industry's largest logistics developer chose both to use the product and to back the company. TestFit is a Parkway Venture Capital portfolio company.
Read the full article: TestFit's announcement of the Prologis investment and deployment
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