Fundz

Portcast raised $6.5M in a series A led by Susquehanna Asia VC to advance its AI technology providing real-time insights and recommendations.

PRIVATENov 18, 2024

Amount Raised

$6.5 Million

Round Type

Series A

SingaporeArtificial IntelligenceMachine Learning

Investors

Hearst VenturesSignal VenturesWavemaker PartnersTmvInnoportSusquehanna Asia VC

Description

Portcast, based in Singapore, announced the completion of a US$6.5 million series A funding round. The company plans to use the funding to advance its AI technology, which provides real-time insights and recommendations by integrating data from carriers and terminals.

Quick answer

Portcast raised $6.5 Million in a Series A round, dated November 18, 2024. Investors: Hearst Ventures, Signal Ventures, Wavemaker Partners, Tmv, Innoport and Susquehanna Asia VC. Portcast is based in Singapore, Southeast Asia, Singapore.

How much did Portcast raise?
Portcast raised $6.5 Million in a Series A round on November 18, 2024.
Who invested in Portcast?
Hearst Ventures, Signal Ventures, Wavemaker Partners, Tmv, Innoport and Susquehanna Asia VC are named as investors in this round.
What does Portcast do?
Portcast is a Singapore-based AI firm that specializes in providing real-time insights and recommendations by integrating data from carriers and terminals.
Where is Portcast based and how big is it?
Portcast is based in Singapore, Southeast Asia, Singapore. Fundz records about 28 employees.
Who are the decision-makers at Portcast?
Fundz holds 2 contacts at Portcast. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

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Company Information

Company

Portcast

Location

Singapore, Southeast Asia, Singapore

About

Portcast is a Singapore-based AI firm that specializes in providing real-time insights and recommendations by integrating data from carriers and terminals. The company focuses on advancing its AI technology to drive product innovation. Portcast aims to strengthen its operations in the Asia Pacific and European markets.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Portcast raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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