Aircon’s ‘freight people building tech’ to optimize air cargo

Air cargo consolidation platform Aircon announced Monday it has closed on a $1 million pre-seed round led by Schematic Ventures to leverage shared airfreight gateways to reduce shipping costs, lower the risk of cargo damage and bring sustainability to air cargo operations.

The Dallas-based air cargo platform was founded in 2021 by Vice President of Operations Irl Wakefield, Vice President of Sales Reed Rivers, and CEO Chris Condon, who have a combined 56 years of experience in air transportation...

https://www.freightwaves.com/news/aircons-freight-people-building-tech-to-optimize-air-cargo

Altana AI raises $15M to alert supply chains of compliance, security risks

Supply chain visibility companies have secured additional rounds of funding throughout 2021 to strengthen their customers’ logistics resilience.

On Monday, New York City-based Altana AI reported it got in on the action as well, announcing it received a $15 million Series A investment in May.

The round was led by GV, formerly known as Google Ventures, with participation from Floating Point, Ridgeline Partners and existing investors Amadeus Capital Partners and Schematic Ventures, which were part...

https://www.freightwaves.com/news/altana-ai-raises-15m-to-alert-supply-chains-of-compliance-security-risks

FloorFound raises $4M to simplify resale of oversized retail returns

FloorFound, a software platform that facilitates returns for resales of oversized products for e-commerce retailers, announced Wednesday a $4 million seed round led by LiveOak Venture Partners.  Flybridge Capital, Next Coast Ventures, 8VC, individual investor Brett Hurt and FloorFound’s pre-seed investor, Schematic Ventures, also participated in this round. In total, FloorFound has raised $4.6 million in funding since its inception last year.  

FloorFound will be using the capital to support...

https://www.freightwaves.com/news/floorfound-raises-4m-to-simplify-resale-of-oversized-retail-returns

Torch Logistics closes pre-seed funding round, further fueling digital brokerage boon

Torch Logistics, based in Chicago, has closed an $850,000 pre-seed equity funding round led by Schematic Ventures of San Francisco. Torch believes it is the first and only digital freight marketplace and matching platform to be purposefully built to address the short-haul market.

Yesterday’s fast is today’s normal when it comes to shipping and delivery. It also stands to reason that today’s fast will become tomorrow’s normal as e-commerce stretches the boundaries of supply chain networks. Rising...

https://www.freightwaves.com/news/torch-logistics-closes-pre-seed-funding-round-further-fueling-digital-brokerage-boon

Need an ocean or air cargo quote? RPA Labs’ software bots have you covered

Workflow automation technology company RPA Labs has landed its first round of capital, netting $1.2 million in a pre-seed round.

Schematic Ventures led the round, along with PSA UnBoxed (Port of Singapore) and other senior supply chain executives. 

RPA Labs is brand-new, having come out of stealth during the fall of 2019. The executive team has been working on the technology for a couple of years, co-founder Matt Mostick told FreightWaves, with the idea of using automation to help lower costs and...

https://www.freightwaves.com/news/need-an-air-cargo-or-ocean-quote-rpa-labs-software-bots-have-you-covered

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