Chetan Puttagunta News

ClearMetal to help Solve Container Shipping Problem

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.