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Stage

Seed | Alive

Total Raised

$2.5M

Last Raised

$2.5M | 2 yrs ago

About SPEEDCARGO

SPEEDCARGO is an AI and robotics solutions company. The company offers digitization, optimization, and automation solutions to help reduce revenue leakage, improve productivity, maximize efficiency, optimize operations, and improve business performance. It is based in Singapore.

Headquarters Location

75 Ayer Rajah Crescent 01-05, JTC Launchpad

Singapore, 139953,

Singapore

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Expert Collections containing SPEEDCARGO

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

SPEEDCARGO is included in 1 Expert Collection, including Artificial Intelligence.

A

Artificial Intelligence

10,944 items

Companies developing artificial intelligence solutions, including cross-industry applications, industry-specific products, and AI infrastructure solutions.

Latest SPEEDCARGO News

Speedcargo trials at Etihad show how AI can improve air cargo operations

Sep 21, 2023

21/09/2023 Recent trials are leading to the wider adoption of AI-powered solutions to optimise air cargo services, despite a number of challenges that continue to persist. For both cargo operators and handlers, some of the areas of interest for potential deployment of AI include customs and compliance, route optimisation and inventory management. Handlers are talking about AI-powered robots for example, that can help reduce turnaround times and labour costs by speeding up loading and unloading processes and improve cargo security with real-time monitoring of potential threats on the apron or warehouse. Other trials have shown that AI-compatible chatbots and customer service systems can provide real-time updates to shippers and consignees, improving communication and customer satisfaction. A few months ago, Etihad Cargo announced plans to use AI to maximise cargo capacity on its flights. This followed a proof-of-concept agreement in 2021 signed with Singapore-based tech-start-up company Speedcargo, to boost efficiency, digitise and standardise cargo handling across the airline’s network. Speedcargo installed its AI solutions – Cargo Eye and Assemble – at dnata’s Singapore Changi facilities integrating the solutions into dnata’s existing warehouse management system and deployed for use on Etihad daily flights from Singapore, reportedly in response to the successful trials. According to the tech company, Cargo Eye uses advanced, vision-based 3D technology to scan and capture a cargo’s exact dimensions, volume data, images, and labels, providing a comprehensive digital record. This information is then fed into Assemble which creates a digital plan, advising dnata’s cargo handling teams of the optimal method of building a pallet. The combined solutions ensure Etihad Cargo maximises cargo capacity, while becoming more efficient and sustainable. Krishna Kumar Nallur, Speedcargo chief executive, said the AI-powered solutions allow Etihad Cargo to maximise capacity across its fleet, and enable dnata Singapore to digitise its cargo handling, thereby improving productivity. Singapore is the first station to go live with the AI tools but dnata and Speedcargo have plans to roll out the technologies at other stations. Dnata serves 50 airlines at Changi and handles around 250,000 tonnes of cargo annually. In May, Etihad Cargo said it was involved in an AI pilot programme in Frankfurt but its unclear how far those plans have progressed. Moreover, the airline has been talking to ground handlers about the viability of rolling out the technology at more international stations. Additionally, Etihad has been analysing another Speedcargo AI tool called Amplifi, to optimise cargo loads on each flight. The airline said the technology dynamically calculates free and usable capacity based on booked cargo, aircraft type and cargo offer and using the system generated ULD-level load plans, the airline’s cargo operation can maximise the freight loaded and significantly reduce the risk of overbookings. It appears however, that only the Cargo Eye and Assemble solutions have so far been integrated into dnata’s operations for Etihad. However, despite the growing interest in AI solutions, industry studies have also suggested several issues that need to be addressed – including integrity of data, especially from industries known to have fragmented data sources, like air cargo. AI relies heavily on accurate data to give the right predictions and decisions. New technologies don’t come cheap either and may require a significant upfront capital investment in infrastructure and the skilled people to run them, which means smaller cargo operators and handlers may find it challenging to allocate resources for AI adoption. In addition, handling sensitive cargo and customer data requires robust data privacy and security measures, so compliance with data protection laws is essential and can be complicated. Comment on this article

SPEEDCARGO Frequently Asked Questions (FAQ)

  • Where is SPEEDCARGO's headquarters?

    SPEEDCARGO's headquarters is located at 75 Ayer Rajah Crescent, Singapore.

  • What is SPEEDCARGO's latest funding round?

    SPEEDCARGO's latest funding round is Seed.

  • How much did SPEEDCARGO raise?

    SPEEDCARGO raised a total of $2.5M.

  • Who are the investors of SPEEDCARGO?

    Investors of SPEEDCARGO include Blue InCube Ventures, Enterprise Singapore and Lyves Hatcher.

  • Who are SPEEDCARGO's competitors?

    Competitors of SPEEDCARGO include Dexory.

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Trusted by the world's smartest companies to:
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  • Identify tomorrow's challengers
  • Spot growing industries
  • Kill analyst data work
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Compare SPEEDCARGO to Competitors

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Verity

Verity provides autonomous indoor drone systems. Its drones are used to automate inventory management, monitoring, and inspection tasks. It was founded in 2014 and is based in Zurich, Switzerland.

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Gather AI

Gather AI operates as a supply chain robotics company. It delivers a real-time inventory visibility platform using autonomous drones that monitor warehouse inventory activity. Its combination of off-the-shelf drones and software enables warehouse operators to increase efficiency and minimize challenges related to warehouse operations and labor shortages. Gather AI was founded in 2017 and is based in Pittsburgh, Pennsylvania.

doks. innovation Logo
doks. innovation

doks. innovation provides automated data analysis for intra and inter logistics processes through InventAIRy and ADAMone. InventAIRy is a complete ecosystem for automated stock-taking and inventory management based on smart multi-sensors and different autonomous carrier vehicles such as drones. ADAMone was designed to capture data in industrial environments.

Dexory Logo
Dexory

Dexory provides robotics and AI logistics solutions and develops autonomous robots for warehouse environments. It offers mobile and modular robots that measure, track, and find goods across warehouses without workflow disruption and provides data at every stage of the process. Dexory was formerly known as BotsAndUs. The company was founded in 2015 and is based in London, United Kingdom.

V
Vimaan

Vimaan operates as a computer vision and artificial intelligence (AI) solution company. It automates and digitizes inventory capture, tracking, and management across the warehouse, including receiving, put-away, picking storage, and packing and shipping. It was founded in 2017 and is based in Santa Clara, California.

ForwardX Robotics Logo
ForwardX Robotics

ForwardX Robotics is a robotics company that manufactures Autonomous Mobile Robots (AMR) for warehouses and logistics applications. It also offers a fleet management system that determines robots move within a warehouse to optimize productivity. The company offers solutions such as pick2go services, pallet movement, robots as a service, and more. ForwardX Robotics was founded in 2016 and is based in Beijing, China

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