Automation company, GoComet raises US$7mn in Series A round
Vertical software-as-a-service platform, GoComet, offers a leading multi-modal logistics and transportation platform enabling global businesses to automate their end-end logistics profitably.
The company has announced a US$7mn Series A round led by Rider Global and Atlas Ventures.
"We are thrilled to have a group of investors who believe in GoComet's ability to develop competitive supply chain technology solutions, especially at a time when global supply chains are facing unprecedented challenges. We aim to use this capital to attract and retain key talent and expand our customer base into newer segments and markets", said Gautam Prem Jain, CEO and Co-Founder of GoComet.
This funding provides GoComent with a massive growth opportunity and now the company looks to expand its customer base in the US and Europe. The round brings the company’s total funding to approximately US$9.5mn.
Automating logistics for profitability
GoComet provides an easy-to-use, intuitive multi-modal logistics and transportation platform that has enabled global businesses to automate their end-to-end logistics profitably.
Its breakthrough automation has helped worldwide organisations to build supply chain resilience, especially during the global pandemic. GoComet’s platform combines the power of data science with progressive machine intelligence to maximise savings and make logistics management efficient and fast.
The platform reduces manual workloads, eliminates miscommunication and leverages data in the international logistics space.
Timur Boridko, Managing Partner of Rider Global said: "GoComet already has a proven track record of facilitating significant cost savings in logistics and supply chains for some of the largest global corporations. The product solves a lot of pain points in an easy-to-use and elegant way. We believe this funding will allow the team to accomplish more for their existing as well as new customers and cement the market."
By incorporating deep learning algorithms powered by AI and machine learning, the platform allows organisations to reduce freight costs, track shipments in real-time, optimise operations and save costs.
Adding to this, GoComet has also enabled companies to get automated real-time updates on worldwide port congestion.
With a goal to become a global leader in the multimodal logistics space, the funding comes at the right time and will alow the company to fuel the further development of the GoComet platform and accelerate its customer growth and expansion in the US and Europe.
GoComet: automating the supply chain since 2018
Founded in 2018 by four IIT Delhi graduates, Ayush Lodhi, Chitransh Sahai, Gautam Prem Jain and Mehul Katiyar, the company has grown massively in its four years.
Now, more than 150 global brands across 35 countries use the cloud-based SaaS platform to automate various processes across their supply chain. The company has also received many accolades from renowned industry associations in the last two years.
The platform has been recognised as the top transport management solution and mentioned in leading publications such as Forbes, Gartner, The Straits Times, Business Today, Logistics Tech Outlook USA, and more.
GoComet's four co-founders have also been listed in Forbes 30 under 30.