We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » Raft named a Top Tech Startup for 2023
Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Upload your press release

Raft named a Top Tech Startup for 2023

Raft named a Top Tech Startup for 2023
January 6, 2023
No Comments

Raft, the intelligent command center for freight forwarders (formerly known as Vector.ai), today announced their inclusion in the 2023 Top Tech Startup award from Food Logistics. The award highlights the industry’s top software and technology startups, focusing on companies who are providing new innovations, user experiences, and creating an avenue for a more efficient supply chain.

“This recognition cements the work we are doing to automate the tasks that delay the people driving our global supply chain,” said James Coombes, CEO, Raft. “Our platform simplifies every piece of a forwarder's business, ultimately cutting costs, standardizing operations, and allowing them to serve their customers more efficiently and effectively.”

Raft’s intelligent platform automates the processing of data throughout the shipment lifecycle; from bookings to accounts payable workflows. Currently, Raft’s platform handles over 1.3 million shipment documents per month and is used by thousands of users in over 20 countries spanning Europe, Asia and the United States. Raft’s platform has been able to save customers an average of $2.1 million per year.

“When companies can automate their entire shipment process, it allows them to free up financial resources and manpower that can be used in other aspects of their business, like core customer service” added Coombes. “We meet forwarders wherever they are in their digital transformation.”

Raft deploys industry leading AI while also providing detailed and advanced visibility and tracking capabilities on each shipment. Specifically, their core product offerings include automation across forwarders’ accounts payable, customs clearance, freight operations, and sales functions.

Winners of the inaugural Top Tech Startups award operate within a variety of different market sectors, however AI-powered automation and real-time transportation visibility make up a majority of the winners (35% and 33%, respectively) and bring in $1 million to $20 million-plus in revenue per year.

Submit your logistics, material handling, or supply chain related company news in Supply Chain Quarterly's's Industry Press Room section or New Products section
Ocean Special Coverage
KEYWORDS Raft
    • Related Articles

      Tech startup CloudTrucks lands $115 million backing for "business in a box" platform

      Raft Named a SEAL Sustainability Award Representative in the Environmental Initiatives Category

      Omnichain Solutions Named a Finalist for the 2018 Red Herring Top 100 North America Award

    You must login or register in order to post a comment.

    Report Abusive Comment

    Most Popular Articles

    • Report: Sagging freight stats show that trucking sector is returning to its historic mean

    • Survey: parcel delivery drivers are frustrated by using their own smartphones for work

    • Heavy transport across two continents

    • Survey: most Americans unaware that truckers face shortage of parking spaces

    • Supply chain executives not yet seeing expected results from technology investments

    Featured Video

    Household goods customs broker thumb

    Household Goods Customs Broker

    Viewer Contributed
    Household Goods Customs Broker :Gallagher Transport International is a highly experienced customs broker specializing in household goods, providing efficient and cost-effective customs clearance services while ensuring compliance with all necessary regulations. Our Services Include: Importing & Exporting...

    FEATURED WHITE PAPERS

    • Three layers of forklift safety: Promoting operating best practices

    • The Complete Guide to Automated Packaging

    • Five tips for parcel success in 2023

    • Guide to Pallet Rack Safety

    View More

    Subscribe to Supply Chain Quarterly

    Get Your Subscription
    • SUBSCRIBE
    • E-NEWSLETTERS
    • ADVERTISING
    • CUSTOMER CARE
    • CONTACT
    • ABOUT
    • STAFF
    • PRIVACY POLICY

    Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing