Pandion Emerges from Stealth with $4.9 Million for More Reliable, Lower Cost E-commerce Shipping
Summary
Even prior to the holiday season, the U.S. Census Bureau reported that online retail sales in the second quarter of 2020 increased by 44.5 percent over the same period in 2019, and McKinsey published research suggesting that US e-commerce penetration made gains equivalent to 10 years’ growth in three months in 2020. “As one of the top minds in logistics, Scott is uniquely skilled and motivated to help retail businesses deliver their products to customers more reliably and affordably.” “Parcel networks that were originally designed for mail are collapsing under the weight of todays e-commerce volume. Pandion is the first parcel company built for e-commerce: a faster, more intelligent supply chain network that scales with the explosive growth of online retail,” said Julian Counihan, General Partner at Schematic Ventures. Scott Ruffin has experience running supply chains at the biggest companies in the world and is one of the few people who can undertake the monumental task of building a parcel company from scratch.” Founded in 2020 by Amazon and Walmart veteran Scott Ruffin, Pandion is using machine learning to more efficiently transport e-commerce packages, saving retailers and consumers time and money. Recognizing the promise in early stage entrepreneurs developing new solutions in artificial intelligence, automation, life sciences, next-gen compute, cybersecurity, aerospace, and beyond, Playground offers world-class expertise across a wide variety of business and technical domains to help companies achieve their potential.