Octup Raises $12M for Logistics Operations Management Platform

SaaSPlatforms
Written By Rick Watson

Octup is a real-time AI operations platform designed to help third-party logistics providers (3PLs) and e-commerce brands manage and grow their operations through centralized, data-driven insights.

Octup, a real-time AI operations platform for third-party logistics providers and brands, has announced that it has raised $12 million in Seed funding. The funding will be used to hire talent, further product development, and to grow its North American market.

Calcalist Tech: Octup raises $12M Seed round to bring AI to logistics management

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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