Chain.io, a Philadelphia, PA-based provider of a cloud supply chain integration platform that connects tools and trading partners to create data visibility across systems, completed a $5m funding round.
The round was led by Grand Ventures and Mercury with participation from Honeywell Ventures and Engage.
The company intends to use the funds to continue to expand operations, filling a number of new positions in sales, engineering, customer success and more, and its business reach.
Led by Brian Glick, founder and chief executive officer, Chain.io delivers data integration using a supply chain connectivity platform. The fully managed integration services allow Logistics Service Providers, Shippers, and Technology Firms to work together under one umbrella. Specialties include connecting modern APIs to legacy EDIs, as well as complex client integration.
The round follows a year which saw the company triple its revenue base, increase its customer count by over 50% and add key industry integrations with systems such as Cargowise, Blujay, Magaya, Portrix, WebCargo, Terminal 49, and more. Chain.io’s integration network processes over 100 million data transformations a month, including data from 10 out of the top 15 largest freight forwarders in the world and has doubled in size over the last year.