Shipium provides an end-to-end shipping platform that integrates machine learning and data analytics to optimize delivery times and costs for retailers. By centralizing shipping operations and improving estimated delivery accuracy, the platform enables businesses to enhance customer satisfaction while reducing shipping expenses by an average of 12%.
Funding
$37.8M 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.
Founders
Product
Problem
Modern retailers face challenges in optimizing shipping operations across disparate systems, leading to inefficiencies and increased costs. Inaccurate delivery estimates can negatively impact customer satisfaction and cart conversion rates.
Solution
Shipium offers an end-to-end shipping platform designed to centralize and optimize shipping operations for retailers. The platform integrates with existing WMS, OMS, and TMS systems, providing a unified view of carrier APIs, contracts, rates, and business rules. By leveraging machine learning and data analytics, Shipium improves the accuracy of estimated delivery dates, enhancing customer satisfaction and driving revenue growth. The platform's universal rules engine and coordinated workflows enable businesses to gain control over their shipping processes, reduce shipping expenses, and make data-driven decisions.
Target Audience
Shipium primarily serves retailers, digital-native brands, logistics service providers (3PLs), and business-to-business (B2B) companies seeking to optimize their shipping operations and reduce costs.
Features
- Dynamic time-in-transit modeling for accurate estimated delivery dates
- Universal rules engine for configuring shipping operations across systems
- Centralized web console for managing carrier APIs, contracts, and rates
- Fulfillment engine for optimizing warehouse and store fulfillment
- Carrier selection module for choosing the most cost-effective shipping options
- Simulation capabilities to predict the impact of changes to shipping operations
- Pre-integrated carrier network for streamlined onboarding
- Best-practice and native integrations with existing WMS, OMS, and TMS systems