Greenscreens.ai, creator and provider of a dynamic pricing platform for the logistics industry, has announced a $5 million Series A investment from existing investor Tiger Global.
The funding comes just 10 months after the West Palm Beach-based developer of AI-based freight software raised an undisclosed seed round. With the additional capital, Greenscreens,ai plans to expand its US and Lithuanian teams and double down on product development.
Since the start of 2022, Greenscreens,ai has increased its ARR by over 500%, the company says. Today the company services more than 70 customers, including freight companies such as Yellow Logistics, GLS US, Gampac/U.S. Foods, Primo Logistics, Giltner Logistics, R2 Logistics, and others.
“The Greenscreens.ai team has created a platform that can transform the freight market,” said Nate Lippincott, investor with Tiger Global. “The platform was built by logistics veterans who understand the supply chain industry and have a clear vision for the product.”
Founded in 202, Greenscreens.ai t differentiates itself by offering a tool that provides dynamic real-time data tailored specifically to an organization’s individual buying power rather than relying on data that’s based on market averages. Its solution combines the power of aggregated market data and an organization’s own data with advanced machine learning techniques to deliver short-term predictive freight market pricing specific to the customer’s buying and selling behavior, “disrupting the standards of freight pricing,” said CEO Dawn Salvucci-Favier, who is also Chief Product Officer.
“At a time when we see many companies in our industry reducing staff, it’s exciting to be in a position of hyper-growth and job creation to take advantage of the available talent pool of logistics professionals, Salvucci-Favier added in a statement.
Last month, Greenscreens took first place in the pitch competition at TIA’s national Technovations Conference in Phoenic.
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