Transmetrics is bringing big data to the $ 2 trillion cargo transport industry, which has had for decades over 40% unused capacity of cargo vehicles – transporting just air. We are building a predictive analytics product that vastly reduces this empty space, saving billions of dollars and making great contribution to CO2 reduction.
Our software learns from past shipping history of transport customers, and uses external forecast data to predict what volumes the companies are likely to ship next day. It allows network managers to reach results much faster than with existing tools – in a matter of months, with much lower upfront cost, while our subscription model lowers adoption risk.
In a few months since start, we have raised EUR 135k, have signed 3 pilot customers (including an industry leader), and have built a great team (including successful serial entrepreneur, 2 top engineers from VMWare, and sales based in Brussels – the transport industry center in Europe).