ClearMetal to help Solve Container Shipping Problem

Posted by Greg Trauthwein
Wednesday, February 24, 2016

ClearMetal, a predictive logistics company, closed a $3 million seed financing round from leading global investors— NEA, Skyview, and Schmidt’s Innovation Endeavors. ClearMetal will use the investment to bring predictive intelligence to container shipping, something the company claims is a groundbreaking approach to solving a multi-billion dollar shipping logistics problem.

“It’s the age-old issue that continues to plague the shipping industry: Carriers struggle to get the right asset to the right place at the right time,” said Chetan Puttagunta, Partner at NEA. “The industry now has the needed IT and data infrastructure in place—opening the doors for ClearMetal to apply an innovative, data-driven approach to address the global trade problem. The team has developed an exciting solution, and we look forward to partnering with them to transform shipping around the world.”
 
ClearMetal is intent on working with the world’s largest shipping carriers to reduce costs, increase revenue, streamline operations, and reduce carbon emissions globally. The ClearMetal Predictive Intelligence Platform uses artificial intelligence to predict equipment, trade, vessel and shipper needs with accuracy and granularity that was previously impossible, eliminating some of the guesswork from moving 20 million containers around the world, the company claims.
 
“We invest in visionaries who apply cutting-edge technology to transform large industries, and ClearMetal is an ideal example. The shipping industry has been hungry for more reliable prediction, and leading carriers are embracing the clarity ClearMetal provides,” said Innovation Endeavors Managing Partner Dror Berman. “ClearMetal makes sense of the complexities of global trade so carriers can more efficiently manage hundreds of thousands of containers and vessels. The company will quickly make the shipping industry more effective, more profitable, and more environmentally friendly.”\
 
“The global shipping industry has reached a point of nearly unmanageable complexity,” noted Adam Compain, founder and CEO of ClearMetal. “ClearMetal forecasts the future with certainty, allowing carriers to accurately and effectively allocate, reposition and utilize their assets. By empowering carriers with predictive intelligence, we are driving efficiency and profit across every shipping container in the world.”

People & Company News

MN100: Guido Perla & Associates, Inc.

The Company: With offices in the US, Brazil, Chile, China and Germany, GPA developed into an independent, full-service naval architecture and marine engineering

Grand Bahama Shipyard Expands Sales Team

Grand Bahama Shipyard Limited (GBSL) has added three regional sales directors to its Marketing and Sales Division, with posts in the Americas, Europe and Asia/Middle East.

MN100: Kohler Marine

The Company: Kohler Marine generators are produced in the United States and distributed globally. Kohler Marine sales as well as aftermarket sales and service activities are globally organized.

Finance

KfW IPEX-Bank Boosts its Presence at SMM

In an interview the departing head of the KfW IPEX-Bank Maritime Industries department, Dr. Carsten Wiebers offers insight into the facets of international ship

Hyundai Merchant Marine to buy Hanjin's 'Good' Assets

South Korea's financial regulator said on Wednesday that Hyundai Merchant Marine Co Ltd will seek to acquire healthy assets of troubled shipper Hanjin Shipping Co Ltd.

APM Terminals to invest $70 mln in Port Elizabeth Terminal

The Port of New York and New Jersey is the largest port on the US East Coast and third largest in the United States with 6.37 million TEU handled in 2015.  In 2014,

Container Ships

Pivotal LNG, Carib Energy Reach Multi-Year Supply Deal

Pivotal LNG announced a multi-year agreement to sell liquefied natural gas (LNG) to Carib Energy LLC, a Crowley Maritime Corp. subsidiary. Crowley will transport and deliver LNG from the U.

Hyundai Merchant Marine to buy Hanjin's 'Good' Assets

South Korea's financial regulator said on Wednesday that Hyundai Merchant Marine Co Ltd will seek to acquire healthy assets of troubled shipper Hanjin Shipping Co Ltd.

APM Terminals to invest $70 mln in Port Elizabeth Terminal

The Port of New York and New Jersey is the largest port on the US East Coast and third largest in the United States with 6.37 million TEU handled in 2015.  In 2014,

 
 
Maritime Contracts Maritime Security Maritime Standards Navigation Offshore Oil Salvage Ship Repair Ship Simulators Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0829 sec (12 req/sec)