Octup, a real-time AI operations platform for third-party logistics providers (3PLs), has raised $12 million in a Seed round co-led by Shine Capital and JAL Ventures, with contributions from Stone Capital, Tal Ventures, and HCS Capital.
In addition to the funding, Octup has appointed Dror Feldheim, co-founder of Trax, as Chairman of the Board. Feldheim’s extensive experience in global operations will guide the company’s growth.
Octup’s platform connects to Warehouse Management Systems (WMS), Enterprise Resource Planning (ERP) systems, and shipping services to provide unified operational data, real-time analytics, and client portals that enhance visibility and trust.
How the funding will be used: This funding will help Octup transform how 3PLs manage operations, serve clients, and scale profitably in a data-driven environment. Traditionally reliant on manual processes, the global 3PL market is poised for modernization through Octup’s advanced AI product.
With the new funding, Octup plans to triple its workforce, accelerate AI-powered product development, and expand its presence in North America.
KEY QUOTES:
“3PLs are the backbone of eCommerce, and they deserve better software. We’re building the platform that helps them operate smarter, move faster, and deliver more value to their clients. This funding is a major step forward in that mission.”
“We’re proud to partner with leading investors who understand both the complexity and the massive opportunity in logistics tech. This is just the beginning, we’re here to build the infrastructure layer for a more transparent, intelligent, and client-centric logistics industry.”
Alon Partuk, CEO and Founder of Octup
“Octup is building a real-time OS for logistics, and the market is hungry for it. Their team has deep domain experience and the product-led DNA to lead this transformation.”
Mo Koyfman, General Partner at Shine Capital
