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  • Screenshot: Portcast

13.09.2021

Artikel Nummer: 37660

Fresh cash for AI startup


It is a good time for tech logistics start-ups: Singapore-based Portcast has completed its USD 3.2 million pre-series A financing led by Newtown Partners with Wavemaker Partners, TMV and Innoport and SGInnovate to make artificial intelligence profitable in logistics.

 

Portcast, which sees itself as a “next-generation logistics operating system,” wants to ease the shipping tracking process by gathering data more efficiently. The money will be invested in the start-up's international expansion and product enhancement by moving from predictive Artificial Intelligence (AI) to prescriptive AI and launching new product features such as order-level visibility and scenario planning, as Portcast said in a press release.

 

Portcast claims to enable freight forwarders and manufacturers to achieve real-time visibility, reduce operational costs and improve customer experience by accurately predicting the estimated time of arrivals of more than 90% of ships globally and forecasting demand for over 30,000 trade routes (both air and sea) daily through an intuitive SaaS platform and APIs. (sh)

www.portcast.io

 

 

 

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