SLYNC, a software-as-a-service company focusing on logistics automation, plans to use its Series B round to expand its global customer base and increase its annual revenue to $200 million. The company’s capabilities set it apart from competitors in the logistics automation space. greatofmining
Capabilities set it apart from competitors in the logistics automation space
Using AI to crunch terabytes of data in real time, slync.io churns out the relevant information that helps organizations make better business decisions. Slync’s suite of products helps companies of all sizes to become more productive, scalable and agile. Slync is a smartly architected platform that connects disparate systems in a unified data silo. It provides a single source of truth for all relevant data and acts as a linchpin in the creation of a data-driven, data-rich supply chain. alinaimagine
Slync’s triumvirate of technology offerings enables companies to modernize legacy supply chains in a matter of months. The company’s flagship product, Slync eXchange, is an intelligent end-to-end transportation solution that allows customers to reimagine logistics as a streamlined, collaborative and scalable process. The Slync eXchange platform combines the best of enterprise mobility with the ability to orchestrate real-time data flows across multiple systems to create a scalable and adaptable data-driven supply chain. The platform uses artificial intelligence to spit out the relevant information, which in turn empowers the company’s operations team to make smarter, more informed and more efficient business decisions. Among its customers, ten of the largest transportation companies in the country use Slync eXchange to improve their operational performance. Moreover, Slync’s supply chain solutions are backed by an industry leading support team, which is dedicated to ensuring that the company’s offerings deliver the greatest value and ROI to its customers.
Plans to use Series B round to support global customer base
Founded in 2012, Slync is an enterprise supply chain software company that offers process automation to companies across the world. The software integrates data from enterprise resource management systems, PDFs, spreadsheets and other business tools. Slync’s goal is to increase productivity. Slync works with logistics providers including DHL, Kuehne + Nagel and FreightWaves.
Slync is a tech startup that raised $70 million over the past two years. Slync’s board includes Goldman Sachs Growth. This week, the company plans to inject additional funding to pay employees. It also plans to expand into Europe and Asia.
The company plans to use the Series B round to support a global customer base. The $60 million round was led by Goldman Sachs Growth and Goldman Sachs Growth’s existing investors.
The company plans to increase its workforce to about 20 employees. It will take $391,667 to cover the payroll for these workers. However, four employees have yet to receive their paychecks.
Former Slync employees say the company has fewer than five customers. Some of these customers were never full customers. They said Kirchner had reported fewer customers than the company had. In addition, Kirchner had intermingled his assets with the company. He purchased a $15 million private jet, a 2010 Gulfstream G550, and a luxury car.
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