Vector: Mobile Workflow Platform for Logistics Powered by Computer Vision

Mobile Workflow Platform for Logistics Using Image Recognition Technology – $10 Million Investment Raised

Vector, the mobile-first workflow and transportation management platform for shippers, logistics brokers, and carriers. Work, connected.

Use computer vision technology to quickly capture, convert, classify, and transmit documents at the logistics site on the spot, and synchronize them in real time with other solutions.

Provides real-time information to drivers, field staff, back offices, and senior managers, and supports GPS, electronic signatures, barcode reading, etc., and can be optimized for each company.

Vector

Reduce operational friction and increase productivity by streamlining your workflows with our LoadDocs electronic forms and document capture solution.

Artificial intelligence on your side Vector' technology goes beyond document capture. We built cutting edge computer vision and artificial intelligence to help clients automate away tedious manual work and reduce clerical errors. Firms that issue standardized paperwork can upload samples of each document to Vector. With these samples, Vector's AI learns how to classify documents, providing the ability to instantaneously doctype every upload. Post classification, Vector can extract key text fields and sync the collected information with your TMS or other software solutions.

General Information

Headquarters : San Francisco, California
Founders : Brian Belcher, Darren Chan, Will Chu
Categories : Logistics, Software
Founded : 2014
Contact : info@withvector.com

Funding

Investors : 8VC, Congruent Ventures, Goldcrest Capital, Konstantin von Unger
Funding Rounds (2) - $10M
Apr 7, 2019 Series A / $10M
Apr 1, 2016 Seed Round

1. Reason for attention and features

As technologies such as mobile, artificial intelligence (image recognition), and big data have reached maturity to a certain degree, they are developing in the direction of improving the entire workflow rather than one work process by optimizing various technologies for the domain.

Related technologies not only run on huge systems, but are also being leveraged in detail from macro systems to micro-mobile, increasing corporate value.

2. Current Business status

Vector processes various documents processed in the logistics process in real time through image recognition technology driven by smartphones, Simplify payment or automate it and integrate structured or unstructured data into your DB in real time, and verify in a minute by collating documents

Standardized and simple enough for shipowners, transporters and brokers to use, and can be customized by industry and company.

Invoicing and accounting can also be processed in real time, significantly reducing back office workload and reducing costs.

3. Similar Companies and Differences

Dr Dispatch

Small and medium-sized enterprises (SMEs) with 20 years of experience in truck delivery/brokerage-related electronic document issuance and management service company.
Utilization and stability were recognized, but image recognition function for documents was not used.

Vehcon

It uses image recognition technology to collect vehicle data via a smartphone and provides it to corporate customers or government agencies, but is not specialized for logistics workflows.

4. Future Prospects

Data-driven services are expected to be further enhanced by further extending targeted workflows across the entire value chain or deepening data modeling to better understand the connections between data.