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Logistics Startup Slync Raises $24M, Attempts To Distance Itself From Disgraced Founder

Feb 23, 2023•almost 3 years ago

Amount Raised

$24 Million

Canal Name Not AvailableMachine LearningArtificial Intelligence

Investors

Fed Ex

Description

Supply chain management software startup Slync, which was at one point valued at $240 million, hasn’t had the easiest go of it lately.

Company Information

Company

Slync

Location

950 E. STATE HIGHWAY, 114, SUITE 160

Canal Name Not Available, Florida, United States

About

SLYNC LLC was a company that had expertise in AI and machine learning solutions for logistics and shipping. The company aimed to bring innovative solutions using the latest in AI and machine learning to its customers, but it shuttered operations in 2023 while ramping up product development and deployment.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech