Portcast, a Singapore-based route-based SaaS platform that provides customers with both a web interface and an API for easy integration, raised $3.2 million in pre-Series A funding.
The round was led by Newtown Partners through the Imperial Venture Fund, with participation from Wavemaker Partners, TMV, Innoport, and SGInnovate.
Portcast will use this part of its funding to expand into more markets.
Round: Series A
Funding Month: September 2021
Lead Investors: Newtown Partners~Imperial Venture Fund
Additional Investors: Wavemaker Partners, TMV, Innoport, and SGInnovate
Company Website: https://portcast.io/
Software Category: Logistics
About the Company: Portcast makes logistics profitable with accurate demand forecasts. Our proprietary data analytics engine is custom-designed for the logistics industry. The engine ingests combines historical data with real-world uncertainties, continuously identifies patterns in the supply chain that disrupt demand, and applies comprehensive machine learning models. Portcast is a route-based SaaS platform that provides the customers with both a web interface and an API for easy integration. Portcast’s two main solutions are currently Intelligent Container Visibility for real-time tracking of shipment containers, and Forecasting and Demand Management, which tracks booking patterns.