Article written by Amit Chowdhry
- Slync.io, the first purpose-built operating system for global logistics, announced it raised $11 million
Slync.io – the first purpose-built operating system for global logistics – announced that it has raised $11 million in series A funding. This round was led by Blumberg Capital with participation from Correlation Ventures and existing investors like 235 Capital Partners.
This round of funding will be used for hiring and growth as the company expands its user base across six continents.
Slync.io operates as a multi-modal end-to-end platform with an AI engine for managing and orchestrating global supply chain and logistics operations with ease. And traditional supply chain management software is a highly-fragmented industry with legacy products addressing single transportation modes or disjointed segments.
Slync.io’s Logistics Orchestration product makes real-time data actionable and goes beyond predictive visibility to achieve a new level of connectivity and responsiveness for multiple logistics partners to collaborate effectively. Of the top five freight forwarders, three of the top in the world including Kuehne + Nagel, DHL, and Expeditors are among Slync.io’s customers.
Slync.io’s flexible architecture allows it to be implemented in a wide array of use cases across the enterprise. And Slync.io has built a unique platform transforming how operators move goods around the world by connecting a complex network of warehouses around the globe and end-to-end tracking of a shipment across multiple modes of transportation, order to delivery management, multi-enterprise logistics management.
Launched in 2017, Slync.io’s team and early employees are enterprise software and AI veterans with many coming from Salesforce. And Slync.io’s unique API-first and metadata-based platform connects multiple disparate systems, ingests structured and unstructured data, orchestrates resources, and automates complex processes for collaboration between the many entities involved in global supply chain logistics networks.
“Now more than ever, maintaining global trade without disruption is crucial. We must keep the supply chain predictable and reliable. At Slync.io, our customers love the product, and in this chaotic time are expanding implementations so they can better adapt and manage the volatility we’re all experiencing due to outside, uncontrollable global trade variables, such as the COVID-19 outbreak.”
“This financing is a testament to our amazing team, our innovative customers and the early investors of Slync believing in a vision to build the next iconic enterprise software company. The future is big for Slync.io and this new capital will help us support even more customers around the globe,”
-Chris Kirchner, CEO, Chairman and co-founder of Slync.io
“Slync.io has a powerful and exciting product. I was happy to partner early with Chris and the Slync team and I am very happy with our results so far.”
-Markus Johannsen, SVP Global Seafreight at Kuehne + Nagel
“Slync.io is extraordinarily well positioned with multiple customer wins from global blue chip logistics players and shippers that have traditionally built their own software systems. This indicates a tipping point in the industry where it’s becoming clear to many they must move from proprietary, legacy systems to API driven modern AI- powered systems. With the advent of the COVID-19 crisis we see Slync.io as part of the solution, not just in the short term, but for a more robust, global supply chain with flexible data visibility management and operational efficiencies in the long term.”
-David Blumberg, founder and managing partner at Blumberg Capital
Original Source: https://pulse2.com/slync-io-11-million-in-funding/