Portcast founder and CEO Nidhi Gupta
Singapore-based Portcast, a provider of real-time transportation visibility and predictive analytics, has secured US$6.5 million in Series A funding.
The round was led by Susquehanna Asia VC, with participation from new investors Hearst Ventures and Signal Ventures, alongside existing investors Wavemaker Partners, TMV, and Innoport.
The new funding will be strategically allocated to accelerate product innovation, particularly leveraging generative AI to enhance risk management, transport planning, and invoice auditing capabilities.
A portion of the money will be used to deepen penetration in key markets across the Asia Pacific and Europe and foster collaborations with technology partners.
Also Read: Portcast raises US$3.2M to provide predictive AI solutions to freight forwarders, manufacturers
Headquartered in Singapore, Portcast aims to enhance global trade resilience through actionable data. By leveraging machine learning and advanced large language models (LLMs), Portcast offers actionable insights through an easy-to-integrate API and portal.
The platform aggregates data from various sources, including carriers, terminals, geolocation and risk data, and proprietary documents.
The company serves a diverse clientele, including shippers, logistics service providers, and TMS systems, providing a unified and reliable visibility solution. Its client roster includes industry leaders such as AIT Worldwide Logistics, Otentic Customs, FreshCo, and Wilo Group.
Nidhi Gupta, founder and CEO of Portcast, said: “Supply chain disruptions have become the norm, driving up costs for shippers and logistics service providers globally. It is no longer enough to monitor shipments; the priority now is to drive actions from visibility data through automated recommendations. That’s why we’re committed to building a product that uncovers risks in transport but more importantly, automatically suggests actions to reduce freight costs and/or improve customer experience.”
“Looking ahead, we’re eager to expand in Asia Pacific and Europe, strengthening partnerships to bring our solutions to even more companies,” she added.
Richard Hsu from Susquehanna Asia VC, commented: “Portcast has tapped into both public and proprietary data that brings accurate and explainable transportation visibility. But what sets them apart is their ability to turn that data into practical, actionable insights for their customers, setting a new benchmark in logistics decision-making.”
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