KLEARNOW.AI HELPS CUSTOMERS “DITCH THE PAPERWORK” SAVING TIME, MONEY, AND THE PLANET
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SANTA CLARA, Calif., Dec. 14, 2022 /PRNewswire/ — KlearNow’s forward-thinking technology has earned the company the title of “top tech startup” in two prominent publications covering the supply chain industry.
Leading the charge in supply chain innovation, software and technology companies are reshaping the landscape. Whether it’s artificial intelligence (AI), robotics, fulfillment execution, or real-time visibility, a multitude of contemporary tech startups are on the brink of revolutionizing the supply chain domain.
These startups are actively securing funding, making strategic investments in their operations, and pioneering innovative solutions aimed at enhancing user experiences. Their focus is on cultivating a supply chain that is not only safer but also smarter and more efficient.
The inaugural Top Tech Startup Award, presented by Food Logistics and Supply & Demand Chain Executive, recognizes and highlights outstanding software and technology startups in the supply chain and logistics sector.
Among the winners, AI-powered automation claims a substantial share at 35%, closely followed by real-time transportation visibility at 33%. Smart data capture and third-party logistics (3PL) follow in the lineup. The winning startups showcase a diverse revenue range, spanning from $1 million to over $20 million, and have been in operation since as early as 2000. This underscores the resilience and diversity of these tech startups, positioning them as key players in the continuous evolution of the supply chain and logistics industry.
Santa Clara, Calif. – October 18, 2022 – KlearNow, a pioneer in smart logistics as a service (LaaS), announced the company is expanding into Spain to help improve the customs clearance processes at the country’s 15 major ports, airports, and cross-border terminals.
Spain plays a critical role in managing the Mediterranean Sea trade that keeps Europe, Africa and the Middle East connected. The country has three of the five busiest Mediterranean Sea container ports, including the Port of Barcelona, Port of Algeciras, and Port of Valencia. Combined, more than 13.8 million TEU (twenty-foot equivalent unit) passed through those ports in 2021. In addition, the two main Spanish airports, Madrid and Barcelona, have increased traffic with the U.S. by 105% year-to-date compared to 2021.
“Supply chains in Spain and across the world are historically complex, using labor-intensive, paper-based systems that are error-prone and time-consuming,” said Sam Tyagi, KlearNow.AI CEO and founder. “KlearNow’s innovative technology platform can address these industry weaknesses that have become more exposed as demand grows and disruptions become more frequent.”
Using end-to-end visibility technology, KlearNow.AI can help Spanish importers and exporters manage risks and quickly solve customs problems that delay their shipments with any type of transport mode.
How KlearNow.AI Works
KlearNow’s AI-powered platform digitizes and automates import processes. It dynamically connects importers, customs brokers, freight forwarders and carriers with shipments to provide near real-time tracking of containers from origin to destination, extending shipment visibility and data connectivity.
Knowing the location and status of a shipment is only two-thirds of the equation. Importers and exporters must be able to determine the precise cause of delays and actions needed to remedy the situation, and KlearNow.AI supplies that critical data.
KlearNow also provides digital document management, allowing customers to capture, view and access all supply chain paperwork and communications in one place for a minimum of five years. For businesses, this increases efficiency, supports customs compliance and auditing, and eliminates the physical storage of documents.
“With our arrival in the Spanish market, KlearNow.AI can provide new, or supplemental options, for importers, exporters, and freight forwarders to improve the customs clearance process,” said Madrid-based Michelle Riber, KlearNow’s senior director of International Expansion. “We simplify, automate and error-proof supply chain processes to save time, money and manpower.”
In June 2022, KlearNow.AI announced a strategic partnership with project44®, the global leader in supply chain visibility for shippers and logistics service providers. The partnership will expand real-time, end-to-end visibility of shipments and enable improved tracking of goods throughout their journey. This information will help customers address trade disruptions before they cause delays while preventing added costs.
Due to its thorough and rapid digitalization approach, KlearNow.AI has quickly become recognized as the fastest way for companies to clear customs, track shipments and access critical data in real-time. As a result, the company has grown exponentially in the U.K. and U.S., increasing its customer base tenfold and its monthly revenue run rate by more than 50 times since its $16M Series A funding in January 2020.
About KlearNow
KlearNow is transforming B2B supply chains with its smart Logistics as a Service (LaaS) platform that connects data, people, processes, and organizations to enable new levels of visibility and productivity that reduce logistics costs and create better customer experiences. KlearNow’s customs clearance and drayage marketplaces on its AI-powered platform ease supply chain bottlenecks by digitizing paper-based transactions and enabling customs brokers and transporters to deliver superior real-time visibility needs of importers, exporters, and freight forwarders. For more information, visit www.klearnow.com.
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MEDIA CONTACT
Sara Locricchio
Near Perfect Media for KlearNow
sara@nearperfectmedia.com
248-855-4300 ext. 4
Partnership Combines Real-time Location and Condition Visibility and Digitized Customs Clearance Transactions
SANTA CLARA, Calif. and BOSTON, August 24, 2022 – Cross-border shipping just became more efficient thanks to a new partnership between leading in-transit visibility provider Tive and smart Logistics as a Service (LaaS) pioneer KlearNow.
The companies have partnered to improve the on-time and in-full delivery of imported and exported goods with real-time tracking of shipment location, condition and digitized customs clearance status. This level of visibility combined with frictionless customs clearance helps prevent delays and damage when shipping across borders.
KlearNow’s digitized, cloud-based marketplace provides digital customs clearance and drayage procurement to streamline antiquated, error-prone, paper-based processes. The AI-powered platform digitizes and automates import processes and dynamically connects drayage partners with shipments at precisely the right time.
Tive delivers real-time, hyper-accurate location and condition of every shipment with its industry-leading trackers combined with 24/7 live monitoring for real-time, in-transit visibility to help shippers, carriers and logistics service providers prevent delays and damage.
Benefits of KlearNow.AI and Tive include:
- Enhanced visibility and access to real-time shipment data to deliver hyper-accurate location and condition at the box, pallet, or container level
- Active management of temperature and other excursions for high value, time sensitive, or temperature sensitive shipments
- Real-time, actionable customs clearance and drayage data to ensure accurate, just-in-time cargo pick-up to avoid demurrage and detention fees
- Reduced freight claims caused by delays or customs infractions
“KlearNow and Tive are a perfect combination for customers that need complete location and shipment-condition visibility across borders,” said Sam Tyagi, KlearNow.AI CEO and Founder. “Data needs to do more than inform, it should drive action. Our customs clearance and drayage platforms do just that. Real-time monitoring and actionable data enable customers to take appropriate action to eliminate preventable delays. Our new relationship with Tive will have a meaningful, sustainable impact on global supply chains.”
“Port congestion and border crossings are usually prone to causing shipment delays, and it is nearly impossible to ensure timely arrival of your goods without visibility and without being able to quickly perform customs clearance at these nodes of your supply chain,” said Krenar Komoni, CEO and Founder at Tive. “Tive’s solution is deployed on hundreds of thousands of shipments worldwide that move from country to country, and with KlearNow.AI we can now offer our customers smoother paperwork processing so that they can move their products with higher efficiency.”
About KlearNow
KlearNow is transforming B2B supply chains with its smart Logistics as a Service (LaaS) platform that connects data, people, processes, and organizations to enable new levels of visibility and productivity that reduce logistics costs and create better customer experiences. KlearNow’s customs clearance and drayage marketplace on its AI-powered platform help ease supply chain bottlenecks by digitizing paper-based transactions and enabling customs brokers and transporters to deliver superior real-time visibility needs of importers, exporters, and freight forwarders.
About Tive
Tive is a global leader in supply chain and logistics technology. With Tive, shippers, retailers, and logistics service providers (LSPs) have the ability to eliminate delays, avoid damage and mitigate shipment failures. Tive’s solution provides insights generated by its industry-leading products for clients to actively optimize their shipments, improve customer experience, and unlock actionable data in real-time. For more information, visit www.tive.com.
MEDIA CONTACTS
KlearNow
sara@nearperfectmedia.com
248-855-4300 X 4
Tive
Shawna Baker
shawna.baker@tive.com
Partnership Provides Actionable Data To Address Trade Disruptions, Avoid Delays
SANTA CLARA, Calif. – (June 7, 2022) – KlearNow, a smart Logistics as a Service (LaaS) technology company, today announced a strategic partnership with project44®, the global leader in supply chain visibility for shippers and logistics service providers. This partnership will extend end-to-end real-time shipment visibility and provide the data needed by importers to quickly address issues that delay shipments.
KlearNow’s digitized, cloud-based marketplace provides digital customs clearance and drayage procurement. With the expansion of drayage fulfillment and visibility into KlearNow’s existing customs clearance platform, exporters and importers now have the ultimate benefit of connected shipment transparency needed to enable more efficient customs clearance and to address exceptions.
project44 was architected to be the supply chain’s connective tissue. Its platform connects, automates and provides visibility into key transportation processes to accelerate insights and shorten the time it takes to turn those insights into actions. project44’s platform becomes more robust with smart LaaS from KlearNow. The KlearNow.AI customs automation and digital drayage platform structures disparate unstructured data to move more shipments, more efficiently through the customs process and eliminates bottlenecks with a connected drayage solution.
“Until now, customs brokerage has been a blind spot for all supply chains. KlearNow.AI provides real-time shipment and event status. Our customs clearance visibility, with advanced notifications, prevent delays,” said Sam Tyagi, CEO of KlearNow. “Our AI-powered platform digitizes and automates import processes and dynamically connects drayage partners with shipments at precisely the right time. Working with project44, we can help solve the supply chain chokepoints caused by the COVID pandemic and geo-political events and help future proof against other calamities that will undoubtedly impact the supply chain.”
Combining the capabilities of project44 and KlearNow, customer benefits include:
- Addressing trade disruptions before they cause delays.
- Managing real-time shipment and event status across modes now with customs clearance and drayage visibility—leveraging single source of truth for transportation transparency and trade compliance information.
- Improving planning and increasing operational efficiencies.
- Preventing added costs such as demurrage and per diem with real-time terminal level visibility and Last Free Day clock.
- Securely storing digitized commercial and international shipping documents.
While both companies offer smart technologies in the supply chain, this partnership brings an unprecedented ability to understand and use that data to quickly drive decisions and ultimately address underlying issues that affect the entire supply chain.
“Accurate, real-time visibility across every leg and location of your global supply chain is paramount,” said Vernon O’Donnell, Chief Product Officer of project44. “With project44’s robust API integration capabilities and KlearNow’s real-time customs clearance and drayage services, we can drive more value to our mutual customers, decreasing costs and increasing operational efficiencies at the world’s ports.”
About KlearNow
KlearNow is transforming B2B supply chains with its smart Logistics as a Service (LaaS) platform that connects data, people, processes, and organizations to enable new levels of visibility and productivity that reduce logistics costs and create better customer experiences. KlearNow’s customs clearance and drayage marketplaces on its AI-powered platform ease supply chain bottlenecks by digitizing paper-based transactions and enabling customs brokers and transporters to deliver superior real-time visibility needs of importers, exporters, and freight forwarders. For more information visit https://www.klearnow.com/
Media Contacts:
Sara Locricchio for KlearNow
sara@nearperfectmedia.com
248-855-4300 ext. 4
KLEARNOW LAUNCHES PLATFORM TO STREAMLINE DRAYAGE PROCESS WITH ENHANCED TRANSPARENCY
Customs Clearance Plus Drayage Technology Improves Supply Chains
June 1, 2022
SANTA CLARA, Calif., June 1, 2022 /PRNewswire/ — KlearNow, a smart Logistics as a Service (LaaS) technology company, today announced the launch of KlearNow.AI Drayage, a cloud-based marketplace that allows importers and drayage partners to negotiate and close drayage business on a single platform. The AI-powered, digitalized platform provides near real-time tracking of containers from origin to destination, extending shipment visibility and data connectivity.
As the global supply chain challenges continue, companies across industries are desperate to speed up and streamline the movement of goods to market. Smart, agnostic, LaaS technology is key to making that happen — and KlearNow.AI is the only LaaS company to incorporate drayage fulfillment and visibility into its existing customs platform, giving exporters and importers unprecedented shipment transparency. KlearNow.AI bridges the gap between customs clearance and drayage, giving full control of the final mile to supply chain stakeholders.
The movement of goods requires communication between shipping lines, ports, terminal operators, truckers, warehouses, and cargo owners. While these different entities have begun to digitalize their internal operations, information is not easily exchanged as cargo moves through the supply chain—driving up costs, creating confusion, delaying shipments, and jeopardizing customer relationships.
Before reaching the final port, international shipments must clear customs at every border, with documentation including invoices, packing lists, bills of lading, arrival notices, and more. Traditionally, document management and data entry have been tedious, manual processes by the customs brokerage team. KlearNow’s initial marketplace, KlearNow.AI Customs, digitizes documents and extracts all relevant information using AI and machine learning, sending the customs broker accurate, verified data for customs clearance.
Once a shipment arrives at a port, drayage and trucking companies lack clear carrier and port visibility, making it challenging to coordinate pick-up timing, leaving drivers waiting, unpaid, and running up demurrage charges.
“We developed KlearNow.AI Drayage to complement KlearNow.AI Customers to enable importers to clear customs more efficiently and have access to fundamental drayage data such as carrier capacity and accurate pick-up times. Importers also know if the containers have any shipping line holds and can determine fee payment status,” said Sam Tyagi, CEO of KlearNow. “Our customs clearance and drayage marketplace simplifies processes, saves time and reduces costs for importers and drayage partners, while enhancing the end customer experience.”
Benefits of KlearNow.AI Customs + Drayage include:
- Active drayage marketplace – connecting importers and drayage providers
- Consolidated visibility from origin port of lading to destination
- Accurate and timely digital documentation for Electronic Customs Records compliance
- Detailed information about pick-up windows to control costs and better planning of warehouse resources
- Increased customer satisfaction with shipment availability information
“In partnering with KlearNow, we’ve been able to integrate our global brokerage and drayage under one platform to support the business integration and collaboration across multiple partners. Structuring all the fragmented data simplifies our inbound processes and effectively lower our logistics costs,” said Dave Cabello, vice president of procurement & global logistics of Trademark Global.
About KlearNow
KlearNow is transforming B2B supply chains with its smart Logistics as a Service (LaaS) platform that connects data, people, processes, and organizations to enable new levels of visibility and productivity that reduce logistics costs and create better customer experiences. KlearNow’s customs clearance and drayage marketplaces on its AI-powered platform ease supply chain bottlenecks by digitizing paper-based transactions and enabling customs brokers and transporters to deliver superior real-time visibility needs of importers, exporters, and freight forwarders. For more information visit www.klearnow.com.
View original content: https://www.prnewswire.com/news-releases/klearnow-launches-platform-to-streamline-drayage-process-with-enhanced-transparency-301558910.html
Firm to use funds to further ease import/export burdens for businesses to simplify moving cargo across borders
December 13, 2021 (Santa Clara, CA) – KlearNow, the smart Logistics as a Service (LaaS) pioneer founded in 2018, raised $50M in new capital to transform broken supply chains—simplifying and providing real-time cargo visibility to the customs clearance and drayage processes. KlearNow’s AI-powered platform eases the worldwide supply chain disruptions that have left businesses grappling with delays and shortages.
The Series B investment was led by Kayne Partners Fund, the growth private equity group of Kayne Anderson Capital Advisors, with continued participation from existing investors including GreatPoint Ventures, Argean Capital, and Autotech Ventures, plus new investment from Activate Capital.
Though the global logistics market value is $8.6T, it is a highly fragmented and archaic industry and one of the last to embrace technology and collaborative innovation. The global pandemic has further exacerbated supply chain bottlenecks, accelerating the need for digital transformation.
Investors were drawn to KlearNow’s platform as it eases import/export burdens by digitizing and streamlining complex paper-based logistics processes—reducing manual entry times and human errors. The platform takes the digitized data to power its customs clearance marketplace, providing an unprecedented level of real-time end-to-end visibility, collaboration, and cost savings for its customers.
Since its $16M Series A funding round led by GreatPoint Ventures in January 2020, KlearNow.AI has grown exponentially, increasing its customer base tenfold and its monthly revenue run rate by more than 50 times. During this time, U.S.-based KlearNow.AI has expanded into Canada, and launched its UK service in January 2021 to support UK and EU businesses operating in the post-Brexit landscape.
KlearNow recently added a drayage marketplace to its smart LaaS platform to support drayage companies facing planning and scheduling challenges and importers demanding extended visibility. With both customs clearance and drayage marketplaces, KlearNow.AI provides a single view of multi-leg shipments from port of lading to the warehouse. The Series B investment strengthens KlearNow’s position as the go-to digital supply chain solution for businesses that trade across borders.
“This latest round of funding enables us to aggressively accelerate our technology development and deployment, geographical expansion, and talent investments, helping us transform supply chains that power commerce,” said Sam Tyagi, KlearNow.AI Founder and CEO. “We are excited to have strategic partners and investors with deep knowledge in this space, and we believe that with their support, our technology can lead to a meaningful, sustainable impact on global supply chains.”
“The supply chain and logistics industry is primed for incredible disruption in the upcoming years, and continued investment in technology and tech-enabled infrastructure is a critical component of the solution,” said Nishita Cummings, Managing Partner and Co-Head of Growth Equity at Kayne Partners. “KlearNow is the leading technology partner in this space, with an advanced AI-based platform that removes friction in moving goods across borders in an easy, efficient, and cost-effective manner.”
Ashok Krishnamurthi, Managing Partner at GreatPoint Ventures, added, “We are more excited than ever to have partnered with KlearNow. Digitalization has become mission-critical for supply chain logistics. KlearNow.AI provides tremendous value for the supply chain logistics ecosystem, demonstrated by the rapid adoption of its platform by importers, transporters, brokers, and freight forwarders. We are thrilled that KlearNow.AI has continued to expand beyond real-time shipment visibility, offering new unified workflows. During the pandemic lockdowns when the world and companies needed work from home capabilities, KlearNow.AI stepped up, unshackling employees from the office, scanners, and fax machines. With a smart digital solution, supply chain logistics teams were able to work remotely from home and leave the paper world behind. Visibility, productivity, and sustainability are a great combination.”
About KlearNow
KlearNow is transforming supply chains with its smart Logistics as a Service (LaaS) platform that connects data, people, processes, and organizations to enable new levels of visibility and productivity that reduce logistics costs and create better customer experiences. KlearNow’s customs clearance and drayage marketplaces on its AI-powered platform ease supply chain bottlenecks by digitizing paper-based transactions and enabling customs brokers and transporters to deliver superior real-time visibility needs of importers, exporters, and freight forwarders.
About Kayne Partners
Kayne Partners, the Los Angeles-based dedicated growth private equity group of Kayne Anderson Capital Advisors, L.P., leverages its large firm resources to partner and invest in lower middle market, privately held, high growth, enterprise software and tech-enabled service businesses across North America. The team has developed a durable and repeatable investment strategy and process for applying its stage expertise through sourcing and investing in companies at an early inflection point, adding value and scaling through organic growth and M&A, and exiting these must-have assets to strategics & financial sponsors. The team has experience investing across media & telecommunications, supply chain & logistics, financial technology, healthcare IT, security & compliance, and business process outsourcing and automation. For more information, please visit www.kaynepartners.com
About Kayne Anderson
Kayne Anderson Capital Advisors, L.P., founded in 1984, is a leading alternative investment management firm focused on real estate, credit, infrastructure/energy, renewables, and growth equity. Kayne’s investment philosophy is to pursue niches, with an emphasis on cash flow, where our knowledge and sourcing advantages enable us to deliver above average, risk-adjusted investment returns. As responsible stewards of capital, Kayne’s philosophy extends to promoting responsible investment practices and sustainable business practices to create long-term value for our investors. Kayne manages over $30 billion in assets (as of 9/30/2021) for institutional investors, family offices, high net worth and retail clients and employs over 325 professionals in five core offices across the U.S.
To learn more about how KlearNow.AI can serve your firm, please visit www.klearnow.com.
Showcasing KlearNow.AI as Brexit expert and solution
The KlearNow.AI Team is honored and thrilled to have been considered as well as to be receiving the Frost and Sullivan
2020 AI-based Customs Clearance New Product Innovation Award! We would like to dedicate a big thank you to the whole KlearNow team working very hard on a daily basis to make this happen and to everyone who has believed in us along the way: the team at GreatPoint Ventures, Autotech Ventures, Argean Capital and Monta Vista Capital, alongside all our advisors and members of the board. We are extremely proud of what we have achieved in a short amount of time and are working daily to improve features to provide a state of the art customs platform to the global market. This award just confirms that what we are doing is working. We are looking forward to the future especially as we are going live into the Canadian market as well as the British market with our timely and big Brexit launch.¨
“Almost every aspect of the logistics industry involves an enormous amount of paperwork from multiple stakeholders across the supply chain. KlearNow’s intelligent data management platform converts of all this into digital assets, thereby making the entire process more sustainable and future ready. KlearNow.AI is the world’s first customs clearance and data management platform built for brokers, freight forwarders, and
importers. By providing end-to-end visibility in the freight ecosystem, the platform helps companies manage the complex areas of the supply chain by reducing the human component, eliminating errors, and automating the process. The entire freight management process is brought onto a single unified dashboard, thereby making logistics simple and cost effective and transforming the way global commerce is conducted.
For its strong overall performance, KlearNow has earned Frost & Sullivan’s 2020 New Product Innovation Award.”
See us featured on 2020 Award Recipient Frost and Sullivan site:
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