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- Scheduled Shipment #18 (5/3/24)
Scheduled Shipment #18 (5/3/24)
Sam's Club AI, shipping overcapacity, Baltimore bridge payout

Happy Friday.
Scheduled Shipment brings you latest updates in supply chain & commerce tech.
Top News
Instead of people, Sam’s Club is now using AI to check purchases against receipts.
Maersk Q1 revenue fell 13% YoY to $12.4 billion, hurt by overcapacity and lower freight rates.
Chubb is issuing a $350 million insurance payout after Baltimore bridge collapse.
Massive Fundings
MARK-PILOT, a four-year-old Beilstein, Germany startup that offers a spare part pricing platform, raised a $43.0 million Series A led by Insight Partners with participation from Capnamic. More here.
Mid-Size Fundings
Chemix, a three-year-old Sunnyvale, CA startup that develops electric vehicle batteries, raised a $20 million Series A led by Ibex Investors with participation from Mayfield Fund, Berkeley SkyDeck, Urban Innovation Fund, BNP Paribas Solar Impulse Venture Fund, KDDI Open Innovation Fund, and Porsche Ventures. More here.
Exowatt, a one-year-old Miami, FL startup that develops a modular energy platform for data centers, raised a $20.0 million Seed led by Andreessen Horowitz, Atomic Labs, and Sam Altman. More here.
ChargeZone, a six-year-old Vadodara, India startup that provides an electric charging network, raised a $19 million financing led by British International Investment. More here.
Pipedream Labs, a four-year-old Austin, TX startup developing an underground delivery network, raised a $13.0 million Seed led by Starship Ventures with participation from Cortado Ventures and Myelin Ventures. More here.
Outpost, a three-year-old Austin, TX startup that operates a network of truck parking facilities, raised a $12.5 million Series A led by GreenPoint Partners with participation from Speedwagon Capital Partners. More here.
Wee, a two-year-old Dubai, U.A.E. startup that operates a quick-delivery online grocery platform, raised a $10.0 million Pre-Series A led by SIG Investment with participation from Yandex. More here.
Niqo Robotics, a nine-year-old Bengaluru, India startup that offers an automated crop spraying platform, raised a $9.0 million financing led by Brida Innovation Ventures with participation from Omnivore Capital Management. More here.
Duro, a seven-year-old Los Angeles, CA startup that offers product lifecycle management for hardware, raised a $7.5 million Seed led by Primary Venture Partners with participation from Bonfire Ventures and Riot Ventures. More here.
Shinkei, a three-year-old Philadelphia, PA startup that offers a Robotics-as-a-Service suite for fishermen, raised a $6.3 million Seed led by Cantos with participation from 8VC, Impatient Investors, Susa Ventures, Carya Venture Partners, Ravelin Capital, Red & Blue Ventures, and Undeterred Capital. More here.
Vixtra, a three-year-old Sao Paulo, Brazil startup that offers an importer financing platform, raised a $6.0 million Seed Extension led by Valor Capital, QED Investors, NXTP, Endeavor Scale-Up Ventures, and Actyus. More here.
Smaller Fundings
Matrak, an eleven-year-old Melbourne, Australia startup that provides a construction supply chain management platform, raised a $2.9 million Series A led by G&M Capital with participation from Ouri Capital and Simon Yencken. More here.
Movener, a nine-year-old Chilean startup that converts combustion-engine trucks into hybrids, raised a $2.0 million Series A led by SQM Lithium Ventures. More here.
Sorted, a two-year-old London, U.K. startup that develops a recycled materials sorting platform, raised a $ 2.0 million Series A led by Pi Labs with participation from Archipelago Ventures, Circular Plastics Accelerator, Conduit Connect, and Antler. More here.
Kubik, a three-year-old Nairobi, Kenya startup that produces recycled construction materials, raised a $1.9 million Seed Extension led by African Renaissance Partners and Endgame Capital with participation from King Philanthropies. More here.
Continuum, a one-year-old Chicago, IL startup that provides a reverse logistics platform, raised a $1.7 million Pre-Seed led by M25 with participation from Cambrian Ventures and Clocktower Ventures. More here.
Shorages, a five-year-old Dubai, U.A.E. startup that provides an eCommerce fulfillment platform, raised a $1.0 million Pre-Series A led by Joa Capital. More here.
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