Portcast
Overview
Portcast is a pioneering logistics and supply chain technology company that specializes in real-time transportation visibility and predictive analytics. Founded in 2017 and headquartered in Singapore, it aims to enhance the efficiency and resilience of global supply chains through advanced AI-driven insights and data analytics. The company was established by Nidhi Gupta and Dr. Lingxiao Xia with the vision to address the challenges of logistics inefficiencies and port congestions. As of November 2024, Portcast has raised significant investment, including a recent Series A funding of USD 6.5 million, helping to expand its technological capabilities and market reach.
Recent Developments
- November 2024: Portcast secured USD 6.5 million in Series A funding led by Susquehanna Asia Venture Capital. This investment is intended to accelerate the development of AI-driven supply chain solutions, focusing on risk management, transport planning, and invoice auditing.
- October 2024: Recognized as a notable vendor in the 2024 Gartner Magic Quadrant for Real-Time Transportation Visibility Platforms (RTTVP), marking the second consecutive year of recognition.
- May 2024: Awarded "Best Supply Chain Software Company—Rising Star" at the 6th LogiSYM Awards 2024.
- April 2024: Featured as a notable vendor in the 2024 Gartner Magic Quadrant. Portcast's technology continues to significantly influence the global supply chain landscape with its real-time visibility solutions.
- September 2023: Collaborated with various partners to enhance visibility solutions, reflecting an enhanced focus on expanding into new markets, including the European and Asia Pacific regions.
Company Information
| Attribute | Information |
|---|---|
| Founding Date | 2017 |
| Headquarters | Singapore |
| Founders | Nidhi Gupta, Dr. Lingxiao Xia |
| Revenue | Not disclosed |
| Profits | Not disclosed |
| Key Investors | Susquehanna Asia Venture Capital, Wavemaker Partners, TMV, Innoport |
| Industry | Logistics and Supply Chain Software |
| Number of Employees | Estimated 11-50 |
Early History
Portcast was conceived by Nidhi Gupta and Dr. Lingxiao Xia, bringing forth a vision rooted in filling significant technology gaps within the logistics industry. Launched in 2017, the company quickly positioned itself to transform traditional shipping practices by integrating predictive analytics and artificial intelligence. The initial growth trajectory was shaped by a significant focus on data accuracy and efficiency in predicting delays and contingencies over global trade routes. Garnering early recognition for its innovative solutions, Portcast quickly amassed a diverse clientele in freight forwarding and manufacturing, driving adoption across different markets and significantly boosting its early success.
Company Profile and Achievements
Portcast's business model revolves around providing state-of-the-art AI-driven insights for logistics companies, enabling improved supply chain dynamics and increased profitability. Its platform predicts the estimated time of arrivals for over 90% of ships globally, covering more than 30,000 trade routes daily. Major achievements include:
- Receiving numerous awards, such as the LogiSYM "Best Supply Chain Software Company—Rising Star".
- Being consistently recognized by Gartner for its contributions to real-time transportation visibility.
- Expansion into multiple international markets, enhancing its product offerings and customer reach.
- Forging strategic partnerships for the integration of its advanced visibility tools in large-scale logistics operations.
- Consistently delivering a reduction in port fees and improving operational efficiencies for its clients.
Current Operations and Market Position
Portcast remains at the forefront of the logistics tech industry, focusing on enriching real-time container tracking and predictive analytics offerings. Its solutions are leveraged by logistics service providers, manufacturers, and logistics tech companies for enhanced operational efficiency and competitive advantage. The company's market position is bolstered by its ability to predict delays and disruptions effectively, ensuring robust client shipments and stakeholder satisfaction. Portcast's strategic plan includes expanding its market footprint in APAC and Europe and integrating more prescriptive features to enhance the clarity and actionability of logistics insights.
Conclusion
Portcast stands as a critical innovator within supply chain technology, empowering businesses with data-driven insights necessary for modern supply chain management. As it moves forward, with substantial investment backing and a continuous focus on innovation and global expansion, Portcast is poised to amplify its impact and maintain its leadership in shaping the future of logistics technology and supply chain visibility.