Ship It Pro

AI-Powered Shipment Damage Prevention

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Min Investment
$400
Location
CORDOVA, TN
Offering Date
November 28, 2022
Expected Close Date
January 27, 2023
Target Raise
$10.00K-$1.24M
No. Investors
49
Security Price
$0.54
Valuation
$4,012,326
Website
shipitpro.com
Number of Employees
3
Cash
$20
Revenue
$0
Short Term Debt
$28,790
Cost of Goods
$0
Long Term Debt
$0
Net Income
$-12,612

Company Description

Ship It Pro is developing technology that uses AI and data analysis to reduce the risk of cargo damage before it happens. We are revolutionizing the FreightTech and InsurTech spaces, which amounts to a $240 billion market. With our team’s experience and connections in the logistics space, our patent-pending technology, and interest from major companies, we are ready to move towards beta testing and launching our product to market.

Key Deal Facts

Unlike other companies simply selling more dunnage (blocking and bracing products – also known within the industry as dunnage), our AI and data-driven technology identifies the core causes of damage and helps implement solutions.

Ship It Pro analysts estimate freight claims and cargo damage is a $240 billion problem globally.*

Our team’s connections to the logistics space have already resulted in interest from multiple major shipping-reliant companies.

Management Team / Advisory Board Bios

Wesley Montague Founder/ Chief Executive Officer / ManagerWesley Montague has spent the last 15 years consulting between shippers, carriers and receivers providing cargo securement systems and solutions over multiple industries and modes of transportation to reduce cargo damage, increase safety and implement best practices. His leadership roles on cargo securement projects in industries such as Pulp and Paper, Building Materials, Food and Beverage and Chemicals has led to industry wide use of best practices, securement products and systems and loading methods recognized by the Association of American Railroads, Federal Motor Carrier Safety Administration and the International Maritime Organization., Dan BarkerCOO / ManagerDan is a proven executive with Saas sales, marketing, leadership and operational experience. He has been an integral part of two successful VC exits. His expertise in sales, technology, and marketing has led to extreme growth at previous career stops. Barker's innate ability to motivate team strengths and minimize risk is an immense asset. Barker has a passion for using technology to solve complex challenges and developing talented teams to realize maximum potential. 20+ years in sales, marketing, Saas, Al and operations. 2 successful Exits: Fishbowl and Hint 
Chris Chiozza Chief Technology Officer / Strategic AdvisorChris is an accomplished and well-versed IT Professional possessing 30+ years of extensive experience as a senior technology leader managing enterprise level projects and systems integration. He specializes in delivering architectural guidance, and technological solutions that support business objectives including mergers and acquisition activity, delivery of startup systems, and legacy system migration. He spent 15 years at FedEx in various Sr. Technology Advisor positions, 10 years at ACH Food Companies Inc., where he was eCommerce Manager and PMO Director; 4 years at Storage USA where he was Director of Software Services; 5 years as Manager of Enterprise Architecture at Smith & Nephew; and Director of Information Systems at Monogram Foods Inc. 
Cas Milner Strategic AdvisorInnovation strategist, consultant, advisor, executive, and project leader. Data analytics project leader: Al, machine learning, NLP. Subject matter expert: advanced analytics, risk management, investment due diligence, physics, electronics, data acquisition. Mentors and advises startups focusing on Al. Proven quant who launched two successful hedge funds. 
Ken May Strategic AdvisorKenneth A. May is a 25-year logistics industry veteran. He has served as CEO of FedEx Global Operations Control Centers as well as FedEx US operations leading over 60,000 employees and generating over $2 Billion in revenues annually. May also served as former Chairman of the March of Dimes' board of trustees. In November 2011, he was appointed President of Krispy Kreme. In July 2014, May became President and CEO of Topgolf International, Inc. leading the explosive growth from $70M to $700M in revenue. In November 2018, May joined golf entertainment company, Drive Shack Inc. as CEO, which is now listed on the New York Stock Exchange. 
Christopher Bonanti Strategic AdvisorMr. Christopher J. Bonanti is Chief Executive Officer and Principal for The Baluster Group. He has more than 25 years of experience leading and managing regulatory, legislative, and infrastructure projects for all modes of transportation, including rail, motor vehicle, and aviation. As a former member of the U.S. Senior Executive Service, he served as the Associate Administrator for Rulemaking at the National Highway Traffic Safety Administration (NHTSA). 
David Beck Strategic AdvisorResults-driven strategic Technical Start-up founder with 20+ years of transportation lead technical experience as well as marketing, program management, machine learning /Al, regulatory and engineering initiatives with projects in the consumer technical markets, assembly, aerospace, automotive, rail, maritime and product regulatory environments. Established record of success in streamlining business practices to ensure safety compliance with regulations and increasing profits for clients.,
Amount Raised : $103,583
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