HOPSTACK JOINS SENTE'S
Hopstack's AI-powered warehouse software to be a strong addition to Sente portfolio
Chicago, IL (September 1, 2021): Sente Foundry LLC ("Sente") announces the addition of Hopstack to the Sente ecosystem of LogisticsTech startups and investment portfolio. Hopstack is a cloud-first AI-powered warehouse software that automates and digitizes every logistics operation from receipt to dispatch. The addition of Hopstack strengthens Sente's logistics ecosystem with a digital-first stack of technology for warehouses and distribution centers.
"Warehouses are experiencing similar growing pains with their digital and automation transformations as industrial systems. Business systems such as ERP are not in sync with rapidly evolving warehouse management and automation systems. Plus, the pace and expectations of order fulfillment are putting enormous pressure on warehouses. Hopstack's digital control tower easily alleviates these problems. The Hopstack team is ready to capture this opportunity," said Gerod Carfantan, COO of Sente Foundry.
As part of Sente's LogisticsTech portfolio, Hopstack will gain access to Sente's broad base of logistics enterprise partners, collaborate with its peer technology startups, and receive support as they work to become a market leader in logistics infrastructure software.
"Industrial automation and logistics are complex markets, and there are hardly any ecosystems out there that have the needed sector depth and expertise. A program like Sente's makes a lot of sense for us, as we enter a new growth phase. Sente also understands the challenges of selling to enterprise customers and creating an ecosystem, so this partnership is a really good fit for us," said Vivek Singh, COO of Hopstack.
Sente continues to search the globe for its LogisticsTech program, which runs on a rolling admission process. Participants should be early-stage startups in freight and last-mile optimization, geospatial analytics, autonomous and connected logistics solutions, and pricing and fulfillment platforms for e-commerce and freight. For more information about Sente's LogisticsTech program, please visit their website.
About Sente Foundry, LLC
Sente Foundry, LLC ("Sente") is a Chicago-based early-stage startup investment program that works with corporations, family offices and institutional investors to connect startups with innovative and scalable opportunities using its unique “CVC-as-a-Service” platform. Sente searches the world for the most high-potential startups and helps them scale through partnerships with its partnres. With Sente, startups can scale faster and do so internationally; investors get line-of-sight and a new way to invest in the world's most promising startups; and corporations accelerate innovation like never before. Since its founding in 2013, Sente has supported early-stage companies that operate in over 40 countries, received over $35M in funding, and value of over $200 million. Find Sente online at https://sente.link, LinkedIn, and Twitter.
About Hopstack Incorporated
Hopstack Incorporated (Hopstack) is a Bay Area based company focused on enabling efficient operations in warehouses and fulfillment centers. Hopstack’s Digital Warehouse is a cloud-first AI-powered intelligent warehouse execution software platform. Unlike the traditional ERP and WMS that only serve as an order receiving and final fulfillment system, Hopstack’s digital warehouse closes the operational visibility and execution control gap between an ERP and a WMS. The platform enables out-of-the-box warehouse hardware and software integrations, and customizable receiving and fulfillment workflows (receiving, putaway, picking, packing, sorting, shipping, inventory management, etc.), acting as a command center and a control tower for all warehouse operations. Platform’s audit trail and device management modules enables near real-time observability of the order life cycle and all devices/hardware being used in operations. The platform’s built-in AI/ML models for batching, route optimizations, inventory optimizations, dynamic task allocation provide a self-learning process and efficiency improvements. Customers on Hopstack’s digital warehouse platform have been able to improve their capacity by up to 2X without scaling payroll costs. Find Hopstack online at Hopstack, LinkedIn, Twitter