Portchain, a provider of cloud-based AI planning tools for container terminals and carriers, has raised $3.2 million (DKK 20m) to support further growth after adding nine new container terminals to its customer base in 2021.
“We can see that deep sea terminals around the world are realising both the value of digitising key processes and the impact of better and more accurate planning within quayside operations,” said Niels Kristiansen, CEO of Portchain.
“We are truly proud to be working with some of the world’s leading container terminals and together unlock the value of digitisation and optimisation in their operations.”
The new venture capital raise was funded primarily through Portchain’s current investor group. In addition to current investors Klaus & Morten Eldrup-Jørgensen, Tommy Thomsen, Michael Hassing, Jesper Kjaedegaard and Tom Behrens-Sørensen, the company has also added Klaus Holse, former CEO of SimCorp and Kim Baroudy, Senior Partner at McKinsey & Company to the group.
“I am pleased with both the results we have been able to deliver in 2021 so far and with the additional funding we have taken in. We have a very strong and dynamic investor group as it is, and we are very happy to welcome Klaus Holse and Kim Baroudy to the group, each bringing a unique perspective and skillset to the table, which we believe will ultimately benefit our customers and the industry as a whole,” Mr Kristiansen adds.
Portchain has added 11 new employees this year and says it expects its total number of staff to almost double in the next 18 months. The fresh funding will be used to fuel growth, further attract talent and continue development of its AI systems for quayside planning and optimisation.