• Screenshot: Portcast


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)




Related news