slync.io raises $70 million in series N funding round. This is the latest step towards slync’s goal of becoming a leading logistics automation technology company. The startup is developing its platform to help customers automate their warehouses, while also providing visibility to their customers.
slync.io raises $70 million in series N funding round
io is a startup that enables businesses to integrate disparate shipping and logistics systems. Their software helps teams work together to achieve faster and more effective results. They also provide tailored interfaces for workers in supply chain networks. In addition to this, they offer collaboration tools such as email and spreadsheet integrations.
The company aims to help companies streamline processes, increase productivity, and reduce operating expenses. Their end-to-end service offering is called Logistics Orchestration. It combines all enterprise systems and manual tools in a single platform. It is used by 80 percent of Fortune 100 companies.
The company plans to use this new investment to support their global customer base. They also want to hire more people to help develop their product line and increase their user base. It will also use the investment to expand into Asia and Europe. This is a crucial turning point in the history of the company.
The company aims to help organizations deliver data products that customers trust. They use their solutions to help companies deliver more data products to their clients faster and with fewer errors.
Logistics automation technology
Using data gleaned from thousands of users, Slync assembles the best ecommerce supply chain solutions on a single platform. The company’s Logistics Orchestration(r) platform combines the manual tools of yesteryear with the latest in cloud computing to offer the enterprise the scalability and resiliency required for a modernized logistics enterprise. As a result, Slync enables process flows across a multi-business logistics network. Specifically, it allows for a seamless integration of disparate shipping and logistics systems, as well as providing tailored interfaces for workers in supply chain networks.
A recent round of funding by Slync included an impressive $60 million from a consortium of investors led by the big dogs at Goldman Sachs Growth. The company also raised a slew of seed money from the likes of Next Trucking and KeepTruckin. Slync’s impressive new round of financing will be used to further enhance the company’s global footprint, as well as to bolster its team.
COVID-19 pandemic
Founded in 2012, Slync.io offers process automation for the global logistics industry. It connects disparate shipping and logistics systems, orchestrates teams, and ingests structured data. The company’s goal is to increase productivity and reduce operating expenses. The company aims to expand in Europe and Asia. Slync plans to make new hires to meet this growth. In February, the company announced a $60 million Series B round. This brings Slync’s total funding to more than 70 million dollars. In addition, it has recently secured a $149 million investment from KeepTruckin, a shipment marketplace, and Next Trucking, which closed a $97 million investment.
Slync’s current board of directors includes John Giannuzzi of Goldman Sachs Growth. Slync declined to comment on the personal finances of its executives, including Kirchner. It also declined to answer a series of questions from Wiggersventure, which accused Kirchner of misleading investors and employees about the financial health of the company. It also declined to say how many customers the company had, although its spokesperson, Matt Reints, said that the company has multiple signers on its account.
Conclusion
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