UK delivery startup Hived raises $42 million to expand network

UK parcel delivery startup Hived, which uses AI to help manage its network, said on Thursday that it has raised $42 million in funding from investors to expand its operations across most of Britain over the next two years.

The Series B round of funding was led by Japanese-backed venture capital firm NordicNinja and included investments from Wex Venture Capital, Marunouchi Innovation Partners and Elemental Impact.