Shipium Raised $8 Million in 2021 Towards Fast Shipping Tech

Shipium, founded by ex-Amazon and Zulily supply chain builders, is working on moving packages to customers faster, a press release said.

The company has raised $8 million in seed funding in 2021.

Jason Murray, co-founder and CEO of Shipium, has worked on the issue of how to make fast shipping affordable before, the release said.

The answer to that seems to be better tech.

“It requires a huge tech stack to coordinate all of this around forecasting, movement of inventory in the network and what was promised to the consumer,” Murray told TechCrunch. “All of those pieces need to be coordinated well to get the outcomes for fast and efficient shipping in order to build a business like Prime.”

The release said Shipium is working on a tech stack to let eCommerce retailers have the supply chain coordination to improve shipping time and costs.

The release said the company uses data modeling to coordinate decisions that used to be “fragmented and static,” to gather information on the cheapest and fastest ways to ship things. From there it automates all of it via machine learning and logic, and recommends the ways to get a better outcome.

See also: Shipium Lands $2M; Aims To Offer Universal Two-Day Shipping

PYMNTS wrote that in 2019, Shipium raised $2 million in seed funding, in a round led by PSL Ventures.

The report says both founders were experts in rapid shipping – and the idea behind Shipium was that it’s difficult to get better at  such services if one isn’t one of the bigger established companies. Shipium, as such, offers two-day fulfillment for all retailers.

According to Murray, the target of the company is “anyone who is in eCommerce that isn’t Amazon,” and the startup works alongside direct-to-consumer companies as well as electronics companies.

“We live in a world of degrees — you don’t have to choose between expensive fast shipping or inexpensive slow shipping. A middle ground exists enabling you to provide a faster shipping experience than you are offering today, but without cutting into your margin to do it,” the company said on its site at the time.