Shipsy, a Dubai, UAE-based SaaS-based smart logistics management platform, raised $25 million in a Series B round co-led by A91 Partners and Z3 Partners along with existing investors Info Edge and Sequoia Capital India's Surge.
The company plans to use the funds to expand into the markets of the Middle East, India, and Southeast Asia while accelerating global expansion into new markets such as Europe and the US.
In addition, Shipsy will also be using the funds to drive rapid technological innovation with a greater focus on enhancing sustainability outcomes in the global logistics industry and its platform's AI, machine learning, and blockchain capabilities,
Company: Llama Logisol Private Limited
Raised: $25.0M
Round: Series B
Funding Month: February 2022
Lead Investors: A91 Partners and Z3 Partners
Additional Investors: Info Edge and Sequoia Capital India's Surge
Company Website: https://shipsy.io/
Software Category: Smart Logistics Management Platform
About the Company: Shipsy is a comprehensive software suite that helps logistics and supply chain companies increase operational efficiency and service levels using actionable insights. The platform capitalizes on the company's existing data and provides you with critical business insights for your organization, empowering you to make better business decisions. Shipsy enables real-time data processing and provides you with live alerts using scalable machine learning models. Shipsy AI-powered platform and mobility suite seamlessly connect cross-border and local logistics by automating operations and ensuring intelligent 3PL management. Shipsy’s intuitive platform provides complete visibility of first, middle, and last-mile operations unlock operational efficiency, and leveraging real-time analytics to make informed decisions.
Source: https://www.entrepreneur.com/article/420087