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Shipsi

Shipsi

Do you want it NOW?

San Francisco, California, US

internet, technology, mobile, saas, trucking, freight, logistics and shipping , cargo

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Reservations

$3,765,000 of $2,000,000
Convertible Note

Shipsi is raising $2,000,000 with a minimum reservation of $10,000. Numbers displayed include non-binding reservations before investors are verified, signed, or closed.

Highlights

  • Strong Team, Solid Traction, Exceptional Technology.
  • Cutting edge artificial intelligence SAAS platform
  • Silicon valley founders with strong domain expertise

Elevator Pitch

Shipsi is a next generation logistics platform that utilizes artificial intelligence to improve logistical efficiency and improve the logistical experience for both customers and providers.

KPIs

100000 Users
8 Employees

Traction

First Revenue

June, 2017

Partnership with EatTheBear Established

June, 2017

Partnership with DRT logistics announced

April, 2017

New business enquiries growing +-80% week on week

March, 2017

Traffic growing at +-50% week on week

February, 2017

Partnership with GoBuyology announced

February, 2017

Reached 7,000 followers on Twitter

February, 2017

Reached 900 followers on Facebook

February, 2017

Digital Marketing Campaign Launched

January, 2017

Uber Integration Complete

December, 2016

First transaction processed

November, 2017

Second investment raised($140K)

October, 2016

Partnership with TPF announced

September, 2016

Beta Site Launched

October, 2016

Development started

August, 2016

First investment raised($125K)

July, 2016

Shipsi Conceptualized

July, 2016

Company Slideshare

Frequently Asked Questions

What is the business model?

The platform allows for a number of attractive revenue streams to be generated by the platform. The basic functionality will be provided for free, additional functionality will be sold on a SAAS model(monthly subscriptions) we also have a number of ways of generating revenue from the market place and services we can offer at a discounted rate because of our ability to aggregate large volumes of business, these include but are not limited to cargo insurance, tracking, payment processing and cargo optimization.

What is the problem we are solving?

The logistics marketplace is one of the few markets which has not gone through a transformational phase due to technology. There is good reason for this, logistics is inherently challenging due to its unpredictable nature, challenging work environment and entrenched practices. This results in an incredible 28% of truck trailers* running empty in the US alone, causing massive economical and environmental challenges. This coupled with competition from on-demand logistics and self driving trucks, provide an unparalleled opportunity into the market. *2011 National Private Truck Council

What is the market like? Do you have external research?

The on-demand market is relatively new but there are substantial resources available for this market, this report from Accenture is indicative of where the market is going https://www.dropbox.com/s/m2724dbhnaolw1i/Accenture-Strategy-On-Demand-In-Demand.pdf?dl=0 we fundimentially believe that all logistics will be on demand and just in time because of the huge cost and efficency savings.

There are lots of big players in the logistics market, how will you compete?

This is true of traditional logistics but not the case in on-demand, just like Uber was able to leapfrog ahead of the thousands of taxi companies that had been established for decades, we can leapfrog ahead of the incumbents because they cannot innovate at the same pace.

What licenses do the employees involved hold? What are the legal requirements for running a business like this?

Keep in mind we are a technology platform, we never actually touch a package, our software allows any type of provider in the logistics network become an on-service provider. Just like Uber has no drivers, nor do we, we enable any logistics provider whether it be a driver, broker, warehouse, plane, train or automobile to participate in on-demand logistics market and we make money by taking a small cut of the total volume of business as well as being able to sell ancillary products like insurance and payment facilitation to the industry.

Do you rely on patented technology? If so, who owns the patents and how many of them are there?

We believe because software patents are very hard to enforce our strongest protections will lie in the algorithms and artificial intelligence technology we build which we do not want to expose our proprietary methods to the industry via patent publishing. This technology is behind the scenes and cannot be replicated without access to our code giving us a high level of protection. However we do have provisional process patents that we will submit once we have the data to back them up.

What does on-demand really mean?

Right now when you want to send something you have to arrange in advance to get the shipper to pick it up. This means you have to keep more inventory, plan ahead for the volume and make sure that you have relationships in place to meet that volume. With on-demand you get everything "Just in time" which is a far more efficient and lower cost of dealing with logistics. In fact supermarkets were the pioneers of Just In Time logistics, we are just bringing it to everybody else. The ultimate expression of this is that for example a retail shop does not need a stock room, because the moment they sell out of their last pair of jeans, and a whole new batch get delivered at that moment. It sounds complex, and it is which is why we use artificial intelligence.

What does artificial intelligence really mean?

Artificial Intelligence(AI) also known as Machine Learning is the next revolution in computing. AI allows computers to take in millions of pieces of information in real time and find and learn from patterns within that data, just like the human brain.

Documents

Confidential

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