ClearMetal, a San Francisco, CA-based predictive logistics company, secured $9m in Series A funding.
The round was co-led by Prelude Ventures and Eric Schmidt’s Innovation Endeavors, with additional investment from New Enterprise Associates, SAP.iO, PSA unboXed, DCLI and the founder of GT Nexus.
The company intends to use the funds to further expand its platform.
Developed by AI engineers from Stanford University, Silicon Valley, and executives from Google, GT Nexus, VF Corporation, Navis, and the broader logistics industry, ClearMetal delivers predictive logistics for retailers and manufacturers by using AI to canonicalize supply chain data and deliver end-to-end predictive visibility to improve inventory management, profitability, and customer service operations.
The company is led by Adam Compain, CEO.