Slync Secures $24 Million in Funding to Accelerate Growth for Logistics Technology Provider
"The value of this technology is significant in our opinion.”
“During the COVID pandemic, loaded container ships anchored offshore and empty store shelves showed everyone what happens when the international supply chain breaks down,” explained Darren Cohen, Partner at Goldman Sachs. "We believe the Slync platform provides an innovative solution that brings the global logistics industry fully into the digital realm. The value of this technology is significant in our opinion.”
The Slync 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. This easy-to-use system eliminates repetitive, time-consuming manual tasks while improving visibility for all supply chain stakeholders.
Primary product lines include Intelligent Carrier Management, which automates the complete freight booking process for large logistics service providers and shippers; and Intelligent Order Orchestration automates order-related processes between core systems of record and standalone tools such as email and spreadsheets. The platform also powers a robust suite of configurable business intelligence dashboards that provide real-time transactional performance insights previously impossible to obtain.
“Slync’s platform has an operational dimension that drives significant levels of efficiency into complex processes that haven’t really changed in more than 20 years. We have a number of terrific, very satisfied customers. We will leverage this added financial horsepower to ensure they represent the new class of innovative leaders in the logistics industry,” added John Urban.
"[Slync Customers] represent the new class of innovative leaders in the logistics industry.”
Slync 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.
Slync will also be showcasing its technology at the annual TPM conference, taking place February 26 – March 1, 2023 at the Long Beach Convention Center. To schedule a meeting, click here.
Slync is on a mission to dramatically simplify the way the business of logistics is conducted. The plethora of systems, data formats, partners, lack of standards and different documentation results in unacceptable gaps in information and a lack of supply chain control. Global enterprises andLSPs 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.
Greg Kefer, CMO, Slync.io | email@example.com | +817-541-9788
Get started on your orchestration journey