Fintech company Wisor AI has raised $8 million in seed funding in a round led by Team8. The funding will help Wisor digitize the global supply chain industry, making it easier and more efficient for freight forwarders to book shipments. Wisor’s software solution automates the process of aggregating pricing data and optimizing shipping routes, and can be integrated into existing systems. The company’s algorithms also continuously optimize pricing, making it possible for freight forwarders to cut costs and improve their margins. The market for freight forwarding is huge, with roughly 300,000 freight forwarders handling $23.3 trillion in goods delivered to consumers. Wisor aims to empower these companies to compete in a challenging environment with high price volatility and manual processes.
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