Blue InCube Ventures closed a $2.5 million seed funding round for Speedcargo Technologies
Updated: Nov 22
Singapore's Speedcargo Technologies secures $2.5 million in seed funding from Blue InCube Ventures, with support from co-investors like Enterprise Singapore Seeds Capital, Lyves Hatcher, and others.
Specialising in robotics and AI technologies, Speedcargo optimises yield and boosts productivity in the $116 billion airfreight industry. The company's solutions, including CargoEye, CargoMind+Assemble, and CargoArm, target warehousing, freight forwarding, trucking, ground handling, and logistics, addressing industry challenges.
In February 2021, Speedcargo announced collaboration with Microsoft's Azure Depth Platform to incorporate advanced 3D vision technology into its AI and robotics solution, aiming to disrupt the air cargo and logistics sector.
Speedcargo was established in 2015, funded by Civil Aviation Authority of Singapore (CAAS), and mentored by the Singapore Airfreight ecosystem to develop a proof-of-concept technology for automation in the air cargo and logistics space.
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