Milwaukee-based Renaissant, Inc., the IT company behind loading dock intelligence platform Dock|C2, has closed a $1.5 million seed round. The funding round was led by Atlanta-based Venture 53 with participation from Green Bay-based TitletownTech and Camden, New Jersey-based NFI Ventures.
Through its digital platform Dock|C2, Renaissant helps warehouse and logistics companies improve loading operations. The tool organizes warehouse and transportation management system data in one place, allowing companies to visualize their operations. It then optimizes shipping and receiving schedules based on weather, traffic patterns and other variables incorporated into its machine learning algorithms.
“Over the past three years, industry participants have continuously shared two overarching themes. First, that logistics operations and IT systems are siloed and inefficient. Second, the universe of logistics technology has many tools that solve single problems, for example tracking devices and cameras, but those tools don’t enhance broader workflow solutions,” said Tom Dean, founder and chief executive officer of Renaissant. “We’re helping bridge these gaps, and through these new partnerships with Venture 53, TitletownTech and NFI Ventures, we’ll be able to grow even faster to meet industry demand.”