Shipium, a Seattle, WA-based technology-driven supply chain and logistics company, raised $27.5M in Series A funding.
The round, which brings total funding to $38.7M since its inception in 2019, was led by Insight Partners.
The company plans to use the funding for engineering talent investments to increase platform capabilities. This will allow them to coordinate more parts in the supply chain, such as network optimization and sophisticated order routing.
Led by Jason Murray, CEO, Shipium is a technology-driven supply chain and logistics company seeking to solve “the Prime problem” for companies facing heightened customer expectations. The company assists e-commerce companies to ship their orders on-time, fast, and free of charge by improving supply chains decisions. This can reduce shipping costs by more than 5% and speed up estimates for delivery by several days.
Shipium has a goal to surpass 100 million shipped shipments by 2022.