Quincus Raises Series B Funding; Valued at Over US$100M
Summary
Quincus, a Singapore-based provider of an enterprise class global supply chain management platform, closed an undisclosed Series B fundraise at a valuation of over US$100m. The company intends to use the funds to grow its team to over 400 people, invest in market expansion across the Americas, South Korea, and Japan by 2022, and technology development. Using its configurable and modular technology, companies can automate manual tasks, maximize resources across supply chains, and build business resilience. The company, which says it now transacts over 70 million shipments per month while analyzing over 1.4 quadrillion data points, is headquartered in Singapore, with a global presence across Indonesia, Malaysia, Mexico, Taiwan, Vietnam, UAE, the US, and the UK. Around technology investment, Quincus will further enhance its multi-mile offerings by strengthening its real-time visibility and machine learning optimization platforms.
Funding
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