Slync, a Dallas, Texas-based SaaS operating platform for global shippers and logistics service providers, announced that it secured $24 million of new venture capital funding.
The round was led by Goldman Sachs, with participation from Blumberg Capital, ACME Ventures, Gaingels, and other existing investors.
“Our customers recognize the power and potential of the Slync platform, and our investor partners do as well,” stated John Urban, Chairman and CEO of Slync. "Every day, millions of emails, spreadsheets, PDFs, and messages are exchanged as part of the logistics management process, yet most existing systems only capture a fraction of them, and that’s a big, expensive problem. Slync has the technology to finally solve it.”
Its platform consumes, interprets, and standardizes data from different sources as it evolves in real-time and then automates related operational processes to improve productivity and service-level reliability.
The technology brings together different data types, process automation, and AI that maps to human workflows. Primary product lines include Intelligent Carrier Management and Intelligent Order Orchestration.
The platform powers a robust suite of configurable business intelligence dashboards that provide real-time transactional performance insights previously impossible to obtain.
The company's customers include several global enterprises and large logistics service providers. These companies will be making separate announcements about their use of and success with the technology in the coming months.
Company: Slync, Inc.
Raised: $24.0M
Round: Unknown
Funding Month: February 2023
Lead Investors: Goldman Sachs
Additional Investors: Blumberg Capital, ACME Ventures, and Gaingels
Company Website: https://www.slync.io/
Software Category: Supply Chain Management Software
About the Company: Slync.io is a SaaS operating platform for global shippers and logistics service providers that delivers higher productivity and process efficiency through intelligent automation. The company is on a mission to dramatically simplify the way the business of logistics is conducted. Global enterprises and LSPs are using Slync to drive massive increases in productivity while simultaneously improving visibility and gaining better control of inventory in transit for operational teams and customers.
Source: https://www.slync.io/news/slync-secures-24-million