Neo invests in automation for freight

Hi Neo family,

We can barrely contain-er ourselves about our latest investment. We’ve backed Expedock, which uses AI to automate data processing and workflows for the almost $200B global freight-forwarding industry.

Co-founders King, Jeff, and Rui are recent Stanford grads and combine pier-cing technical acumen with passion and experience in shipping. Join me in welcoming them to Neo.

Ali

BusinessWorld @bworldph

Expedock, an artificial intelligence (AI)-powered supply-chain startup, raised $4 million in its seed round and closed an enterprise deal with LBC Express. READ: bit.ly/3rK49JP

Expedock is building the data infrastructure for the freight and supply-chain industry, starting with digitizing documents using AI with human oversight. After migrating documents from paper to structured databases, Expedock unlocks insights and visibility that are helping customers cut expenses, increase revenue, and increase productivity by 30%. Over time, Expedock’s suite of data-driven solutions will bring efficiency to the nearly $200B freight-forwarding industry.

King Alandy Dy, CEO, Expedock

King was born and raised in Manila and grew up with a family of shippers. At the age of 14, he ran an importing business. Before graduating, he did technology consulting for supply chain businesses. He went to Stanford for undergrad taking an Individualized Major in Engineering.

Jeff Tan, COO, Expedock

Jeff grew up in a family of freight forwarders and had years of international freight experience and handled over 100,000 shipments before starting Expedock. He led operations for logistics companies both in Shanghai and the Philippines. He enjoys working out, outdoor activities and absorbing the latest content on technology.

Rui Aguiar, CTO, Expedock

Rui has B.S. and M.S. in Computer Science from Stanford, where he worked in the Stanford Machine Learning Group under professor Andrew Ng. In his free time, he enjoys reading, watersports and going to the gym.