project44, a provider of supply chain logistics solutions, announced that it will acquire San Francisco-based ClearMetal, a specialist in international supply chain visibility and predictive analytics for enterprises. ClearMetal’s patented artificial intelligence enables organizations to optimize their supply chains and provides customers with live information about their orders and shipments.
“Project44 has the broadest and deepest visibility network in the world, across all transportation modes,” said Jett McCandless, Founder and CEO of project44. “With the addition of ClearMetal’s advanced AI technology and data science team, we’re building on a strong foundation and extending capabilities to deliver more accurate, predictable ETAs and visibility into customer orders or inventory in transit."
Capabilities of the combined platform include:
Deeper AI based business and market analytics capabilities that translate into intelligent cost savings in the form of reduced buffer stock and inventory optimization
Improving demand forecasting and distribution capabilities, providing order and inventory level visibility across shipments
Expanding global upstream supplier visibility - particularly into Asia, where manufacturers and freight forwarders play a critical role in the global supply chain
“Now, joined with project44, there’s no question this is the industry’s #1 platform and our combined team, capabilities, and execution deliver remarkable digital transformation for supply chains and the people who rely on them,” said Adam Compain, Founder and CEO of ClearMetal. “ClearMetal’s focus on global manufacturing companies with best-in-class supply chains such as Unilever, Georgia-Pacific, Lenzing and BAT has helped us crack the code on providing upstream international supplier visibility from APAC and LATAM to North America, which is particularly critical given today’s issues with ocean freight. We’re delighted to be part of the project44 team.”
About ClearMetal
ClearMetal, Inc., based in San Francisco CA (USA), is a leader in the Continuous Delivery Experience (CDX), enabling supply chain organizations to optimize logistics and provide their customers with easy access to trusted, live information about their shipments. The ClearMetal CDX Platform uses proprietary machine learning algorithms to break free from static-visibility paradigms and make sense of supply chain data. ClearMetal was founded by top software engineers, data scientists, and operations researchers from Stanford University, Google, and Silicon Valley and is funded by Eclipse Ventures, Prelude Ventures, Innovation Endeavors, NEA, SAP.io, Prologis, PSA Unboxed, DCLI, Munich Re Ventures, BTomorrow Ventures, and the founders of GT Nexus, Navis, and Uber Freight.
About project44
project44 solves some of the world’s most critical logistics challenges by connecting, automating, collaborating and providing real-time visibility into global transportation processes. With project44’s cloud-based platform, organizations can increase operational efficiencies, reduce costs, improve shipping performance, and deliver an exceptional, Amazon-like experience to their customers. project44 supports all transportation modes and shipping types, including air, parcel, final-mile, less-than-truckload, volume less-than-truckload, groupage, truckload, rail, intermodal, and ocean.
