Raft is an AI-driven logistics platform that automates data entry, document management, and workflow processes for freight forwarders and customs brokers, significantly reducing manual workload. By processing over 5 billion logistics documents and integrating with various TMS systems, Raft enhances operational efficiency and accuracy in shipment management.
Funding
$100.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+13Founders
Product
Problem
Freight forwarders and customs brokers face challenges with manual data entry, document management, and complex workflow processes, leading to inefficiencies and potential errors in shipment management. Processing large volumes of logistics documents from various sources is time-consuming and resource-intensive.
Solution
Raft provides an AI-powered platform designed to automate data entry, streamline document management, and optimize workflows for freight forwarders and customs brokers. The platform leverages AI models trained on billions of logistics documents to extract and process information from invoices, packing lists, and transport documents. By integrating with existing Transportation Management Systems (TMS), Raft centralizes data, automates tasks, and reduces the manual workload associated with shipment processing. This leads to increased operational efficiency, improved accuracy, and allows logistics professionals to focus on customer service and sales.
Target Audience
The primary target audience includes freight forwarders, customs brokers, and other logistics service providers seeking to automate processes, reduce manual data entry, and improve operational efficiency.
Features
- AI-powered data extraction from logistics documents, including invoices, packing lists, and transport documents
- Automated workflow processes for finance, customs, and operations
- Integration with existing TMS, ERP, and CRM systems via API
- Support for multi-language, multi-currency, and multi-shipment invoices
- Real-time visibility into shipment details and status
- Exception management and audit trails for financial processes
- Collaborative platform for stakeholders involved in the shipping process
- Customizable platform to adapt to unique processes