{"id":477537,"date":"2021-04-16T09:33:04","date_gmt":"2021-04-16T13:33:04","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/chain-io-secures-5m-round-of-funding\/"},"modified":"2021-04-16T09:33:04","modified_gmt":"2021-04-16T13:33:04","slug":"chain-io-secures-5m-round-of-funding","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/chain-io-secures-5m-round-of-funding\/","title":{"rendered":"Chain.io Secures $5M Round of Funding"},"content":{"rendered":"

\nChain.io integration network processes over 100 million data transformations a month and has doubled in size over the last twelve months
\n<\/h2>\n
\n

PHILADELPHIA, April 16, 2021 (GLOBE NEWSWIRE) — Chain.io<\/u><\/a>, a cloud-based supply chain integration platform that connects the industry\u2019s best-in-class tools and trading partners to create data visibility across systems, announced today that the company has completed a $5 million funding round, led by Grand Ventures<\/u><\/a> and Mercury<\/u><\/a>. Also participating are Honeywell Ventures<\/u><\/a> and Engage<\/u><\/a>.<\/p>\n

\u201cWe will be immediately deploying this capital to help expand our world-class supply chain integration network and help our customers develop their digital nervous systems throughout their extended supply chain,\u201d said Brian Glick, founder and chief executive officer, Chain.io.<\/p>\n

Chain.io\u2019s integration network processes over 100 million data transformations a month, including data from 10 out of the top 15 largest freight forwarders in the world and has doubled in size over the last year.<\/p>\n

\u201cAs we\u2019ve all seen over the past year, supply chains are core to both our individual lives and the global economy,\u201d said Tim Streit, co-founder and managing partner, Grand Ventures. \u201cWhen we met the Chain.io team we quickly understood that they\u2019ve built a network that will transform the industry from the inside out.\u201d<\/p>\n

Kamal Vasagiri of Honeywell Ventures, explained, \u201cWe believe that the future of the supply chain lies in rapid and resilient information sharing. We are excited to support Chain.io in realizing that vision.\u201d<\/p>\n

The round comes on the heels of a banner 2020 year for Chain.io which saw the company triple its revenue base, increase its customer count by over 50% and add key industry integrations with systems such as Cargowise, Blujay, Magaya, Portrix, WebCargo, Terminal 49, and more.<\/p>\n

\u201cAs one of Janel’s strategic vendors, we are excited to see Chain.io\u2019s continued growth in 2021 and congratulate them on their recent fundraising,\u201d said Bill Lally Jr., president, Janel Group. \u201cHaving one point of integration for both our back office and customer facing initiatives has helped us accelerate our systems roadmap across the entire organization.”<\/p>\n

Chain.io plans to continue their rapid growth in Q2 by filling a number of new positions in sales, engineering, customer success and more. To view a full list of available positions, please visit https:\/\/chain.io\/jobs<\/u><\/a>.<\/p>\n

\n About Chain.io <\/strong>\n <\/p>\n

Chain.io delivers smarter and faster data integration using a cutting-edge supply chain connectivity platform. The fully managed integration services allow Logistics Service Providers, Shippers, and Technology Firms to work together more efficiently under one umbrella. Specialties include connecting modern APIs to legacy EDIs, as well as complex client integration. For more information, please visit www.chain.io<\/u><\/a>.<\/p>\n

\n Media Contact<\/strong>\n <\/p>\n

Allison Mills
LeadCoverage
allison@leadcoverage.com\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0
706-200-2148<\/p>\n


\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

Chain.io integration network processes over 100 million data transformations a month and has doubled in size over the last twelve months PHILADELPHIA, April 16, 2021 (GLOBE NEWSWIRE) — Chain.io, a cloud-based supply chain integration platform that connects the industry\u2019s best-in-class tools and trading partners to create data visibility across systems, announced today that the company has completed a $5 million funding round, led by Grand Ventures and Mercury. Also participating are Honeywell Ventures and Engage. \u201cWe will be immediately deploying this capital to help expand our world-class supply chain integration network and help our customers develop their digital nervous systems throughout their extended supply chain,\u201d said Brian Glick, founder and chief executive officer, Chain.io. Chain.io\u2019s integration network processes over 100 … <\/p>\n

Continue reading “Chain.io Secures $5M Round of Funding”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-477537","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nChain.io Secures $5M Round of Funding - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/chain-io-secures-5m-round-of-funding\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chain.io Secures $5M Round of Funding - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Chain.io integration network processes over 100 million data transformations a month and has doubled in size over the last twelve months PHILADELPHIA, April 16, 2021 (GLOBE NEWSWIRE) — Chain.io, a cloud-based supply chain integration platform that connects the industry\u2019s best-in-class tools and trading partners to create data visibility across systems, announced today that the company has completed a $5 million funding round, led by Grand Ventures and Mercury. Also participating are Honeywell Ventures and Engage. \u201cWe will be immediately deploying this capital to help expand our world-class supply chain integration network and help our customers develop their digital nervous systems throughout their extended supply chain,\u201d said Brian Glick, founder and chief executive officer, Chain.io. 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