Portcast aggregates geospatial, weather, economic and proprietary transactional data to track shipments in real time and predict factors that affect transit. Its two primary products are Intelligent Container Visibility for container tracking and Forecasting and Demand Management for booking forecasts. The company says it tracks more than 90% of world trade volume by ocean carriers, 35% of air cargo, and can forecast demand across 30,000 trade routes. Portcast serves large manufacturers and freight forwarders in Asia and Europe and will use part of the new funding to expand into more markets. It does not rely solely on IoT due to cost, but is working on hybrid solutions and uses ML to consolidate disparate data. Planned product advances include moving from predictive to prescriptive AI within two quarters and launching Order Visibility to track SKU-level shipments and estimate CO2 emissions by the end of the year.

Total raised

$3M

Funding rounds

1

Latest round

Series A

Latest activity

Sep 2021