Austrian startup Digicust secures €2.3 million in pre-Series A funding to enhance its AI-driven customs clearance solutions and expand market reach across Europe.

Target Information

Digicust, an Austrian startup founded in 2020 by Borisav Parmakovic, is headquartered in Schwechat. The company specializes in developing artificial intelligence software aimed at automating customs clearance processes across Europe. Digicust's technology serves customs brokers, freight forwarders, and exporters by digitizing and streamlining the import and export documentation process, which traditionally relies on manual handling.

By utilizing advanced AI algorithms, Digicust’s software extracts data from diverse sources such as PDFs, emails, and spreadsheets, turning these into structured data. This data is subsequently analyzed using machine learning models to ascertain tariff codes, to verify export restrictions, and to prepare necessary regulatory documentation. The output is integrated into standard customs software, thereby minimizing human involvement while ensuring compliance with both European and international trade regulations.

Industry Overview in Austria

Austria’s customs and logistics sector is undergoing a significant transformation, primarily driven by advancements in technology and the push for efficiency in global trade. The integration of digital solutions has become pivotal for businesses striving to enh