Nexcade exits stealth with $2.5M to automate global freight forwarding

London-based Nexcade, an AI automation company focused on freight forwarders, has emerged from stealth with $2.5 million in pre-seed funding. This investment, led by Connect Ventures, signifies growing interest in AI-driven solutions for streamlining international trade operations. The company aims to address inefficiencies within the freight forwarding industry, which currently relies heavily on manual processes and fragmented data sources. Nexcade's technology employs "agentic AI automation" to simplify crucial tasks like pricing, quoting, and rate procurement. This involves converting unstructured data from emails and conversations into automated workflows. This approach seeks to enhance rate management, boost win rates, and improve overall data visibility for freight forwarders. The implications of Nexcade's solution are far-reaching, potentially impacting numerous companies involved in global trade. By automating previously manual processes, the platform can improve efficiency and reduce operational costs. With plans to grow its customer base tenfold in the next year, Nexcade is poised to make a significant impact on the European digital landscape. Nexcade's focus on unstructured communication is a key differentiator, promising to bridge the gap between existing systems and real-time data. This approach could provide much-needed resilience and revenue growth for freight forwarders in a highly competitive market.