WaySync
Transforming the workflow experience for freight forwarders and brokers through its system of engagement platform by connecting counterparties through automated data integrations and secure communication channels.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
* | N/A | Acquisition | |
| Total Funding | 000k | ||
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WaySync, established in 2022 by co-founders Ray Yang and Jeremy Dye, operates as a specialized sales automation and workflow management platform for the freight and logistics sector. Headquartered in Brooklyn, New York, the company developed a software-as-a-service (SaaS) solution to address significant inefficiencies in managing and processing ocean freight contracts.
The core of WaySync's offering is a system that leverages machine learning to automate the extraction and processing of data from complex, non-standardized ocean rate contracts. This technology was designed to receive contracts through various channels, including email, FTP, or API, and process them in under a minute without human intervention. The platform's features included a central dashboard, rate management, sales performance tracking, and analytics, all aimed at integrating disparate systems for quoting and customer engagement. This enabled logistics companies to streamline their sales motions and improve operational speed and accuracy. Clients could access the clean, structured rate data through a simple-to-use API for use wherever needed.
In a significant milestone, WaySync was acquired by Ship Angel on July 17, 2023. The acquisition was a strategic move by Ship Angel, a company founded by FreightTech entrepreneur Graham Parker, to create an intelligent, AI-enabled container rate management platform for global shippers. The WaySync team and its AI-first technology stack were integrated into Ship Angel to enhance its capabilities in handling the complexities of fluctuating container freight rates. At the time of the acquisition, WaySync co-founder Ray Yang joined the Ship Angel team to help advance the mission of bringing AI-powered rate management to a broader market.
Keywords: sales automation, workflow management, freight logistics, ocean rates, contract processing, rate management, sales enablement software, logistics technology, Ship Angel, Ray Yang, freight forwarding, container rate management, shipping data, logistics SaaS, supply chain automation, freight tech, quoting software, API data access, Jeremy Dye, machine learning data extraction