Portcast has successfully raised US$6.5 million in Series A funding to enhance its platform for providing transportation visibility in the international logistics sector.
Target Information
Portcast, headquartered in Singapore, specializes in providing transportation visibility solutions for supply chains operating in the international logistics sector. The company has developed a platform that offers businesses real-time updates on freight movements, estimated arrival times, and risk management tools, enabling customers to optimize their scheduling, mitigate risks effectively, and control costs pro-actively.
Portcast aims to enhance the resilience of global supply chains against disruptions caused by factors such as adverse weather, congestion, and regulatory changes. By leveraging advanced technology and artificial intelligence (AI), the platform empowers supply chain stakeholders to make more informed decisions and respond swiftly to challenges.
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Industry Overview
The international transportation industry is undergoing significant changes, driven by increasing global trade and the complexity of supply chain dynamics. With the rise of e-commerce and consumer demand for faster de
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Susquehanna Asia Venture Capital
invested in
Portcast
in 2023
in a Series A deal
Disclosed details
Transaction Size: $7M