Logistics

Singapore’s Portcast secures $6.5M to elevate your supply chain efficiency

November 19, 2024

Time to optimize your supply chain! Singapore-based Portcast uses proprietary machine learning and generative AI to give you actionable data to estimate delays, track global carriers, and more. 

  • Now, they’ve just raised their $6.5M Series A!

Investor check. Susquehanna Asia VC led the round, while Hearst Ventures, Signal Ventures, Wavemaker Partners, TMV, and Innoport also joined in.

🚢 The ABCs of Portcast

Managing a global supply chain network can be overwhelming, especially when you don’t have updates and information all in one place. 

Portcast offers tracking and predictive capabilities that make it easier for shippers and logistics service providers to get a bird’s eye view of their global operations. With their easy-to-integrate API and portal, you can:

  • Predict ETAs and ETDs. Did shipping get delayed? Find out the reason for the delay and proactively inform your partners. 
  • Track global shipping carriers. Get eyes on where your shipments are and receive alerts on which containers need your attention. 
  • Get port terminal visibility. Plan ahead for delays using the port congestion tracker. 

🇪🇺 What’s with the $$$? 

They’ll leverage generative AI in their product innovation to enhance risk management, transport planning, and invoice auditing. 

  • Oh, and they’re also expanding into key markets across Asia-Pacific and Europe!

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