Slync.io Raises $11 Million Series A Funding Round
Company delivers first operating system for end-to-end global supply chain and logistics management
SAN FRANCISCO–(BUSINESS WIRE)–#ManagementByException—Slync.io, the first purpose-built operating system for global logistics, announced today that it has secured an $11 million series A funding round.
The new funds will support hiring and growth as the company continues to expand its user base across six continents. This investment round is led by Blumberg Capital, with participation from Correlation Ventures and existing investors including 235 Capital Partners.
Slync.io is unique as a multi-modal end-to-end platform with an AI engine for managing and orchestrating global supply chain and logistics operations with ease. Traditional supply chain management software is a highly-fragmented industry with legacy products addressing single transportation modes or disjointed segments. Slync.io’s Logistics Orchestration™ product makes real-time data actionable, going beyond predictive visibility to achieve a new level of connectivity and responsiveness for multiple logistics partners to collaborate effectively. Three of the top five freight forwarders in the world including Kuehne + Nagel, DHL and Expeditors are among industry leading global enterprises that Slync.io counts as customers.
Markus Johannsen, SVP Global Seafreight at Kuehne + Nagel was effusive. “Slync.io has a powerful and exciting product. I was happy to partner early with Chris and the Slync team and I am very happy with our results so far.”
“Now more than ever, maintaining global trade without disruption is crucial,” said Chris Kirchner, CEO, Chairman and co-founder of Slync.io. “We must keep the supply chain predictable and reliable. At Slync.io, our customers love the product, and in this chaotic time are expanding implementations so they can better adapt and manage the volatility we’re all experiencing due to outside, uncontrollable global trade variables, such as the COVID-19 outbreak.”
Slync.io’s flexible architecture allows it to be implemented in a wide array of use cases across the enterprise. From connecting a complex network of warehouses around the globe, end-to-end tracking of a shipment across multiple modes of transportation, order to delivery management, multi-enterprise logistics management, to being a single operating system for massive global logistics networks Slync.io has built a one-of-a-kind platform revolutionizing how operators move goods around the world.
“Slync.io is extraordinarily well positioned with multiple customer wins from global blue chip logistics players and shippers that have traditionally built their own software systems,” said David J. Blumberg, founder and managing partner, Blumberg Capital. “This indicates a tipping point in the industry where it’s becoming clear to many they must move from proprietary, legacy systems to API driven modern AI-powered systems. With the advent of the COVID-19 crisis we see Slync.io as part of the solution, not just in the short term, but for a more robust, global supply chain with flexible data visibility management and operational efficiencies in the long term.”
Founded in 2017, Slync.io’s team and early employees are enterprise software and artificial intelligence veterans with many coming from Salesforce. Slync.io’s unique API-first, metadata based platform connects multiple disparate systems, ingests structured and unstructured data, orchestrates resources and automates complex processes for collaboration between the many entities involved in global supply chain logistics networks.
“This financing is a testament to our amazing team, our innovative customers and the early investors of Slync believing in a vision to build the next iconic enterprise software company. The future is big for Slync.io and this new capital will help us support even more customers around the globe,” Kirchner concluded.
Slync.io is an intelligent logistics operating platform that delivers Logistics Orchestration™ to transform the way shippers, logistics service providers, and carriers manage global operational issues and multi-enterprise data. An API-first platform, Slync.io connects disparate systems, ingests structured and unstructured datasets, orchestrates teams and automates processes seamlessly together for multi-enterprise transparency and frictionless collaboration for your end-to-end logistics network. Slync.io is headquartered in San Francisco, CA and supports users across four continents. Slync.io is Intelligent Automation for Global Logistics. To get connected, visit www.slync.io.