Slync obtained $24 million in fresh venture capital funding, spearheaded by Goldman Sachs, alongside other investors such as Blumberg Capital, ACME Ventures, Gaingels, and some of its current backers.
Slync is a software-as-a-service platform designed for logistics service providers and global shippers. It offers intelligent automation, resulting in improved productivity and more efficient processes. The company's objective is to significantly streamline the logistics business by simplifying its operations.
Slync.io's key product offerings include Intelligent Carrier Management and Intelligent Order Orchestration. The former streamlines the freight booking process for prominent shippers and logistics service providers through automation. On the other hand, the latter automates order-related processes between primary records systems and independent tools such as spreadsheets and email.
The platform can consume, interpret, and standardize data from diverse sources in real time. It then automates relevant operational processes to enhance productivity and ensure consistent service-level reliability. The technology seamlessly integrates various data types, process automation, and artificial intelligence to correspond with human workflows.
“Our customers recognize the power and potential of the Slync platform, and our investor partners do as well. 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.”
- says the chairman and CEO of Slync, John Urban
Slync’s clients comprise numerous international conglomerates and prominent logistics service providers. These companies are expected to release individual statements regarding their implementation and triumph with the technology over the next few months.