TLDR:

Key Points:

• iCustoms.AI raised $2.2 million in seed funding to transform trade compliance using AI.
• The company aims to streamline customs processes, making them faster, cheaper, more accurate, and compliant.

In a recent announcement, iCustoms.AI secured a $2.2 million seed funding round to revolutionize trade compliance with AI technology. Backed by leading venture capital firm Fuel Ventures and other investors, iCustoms plans to enhance its technology platform and establish itself as a top solution for seamless trade compliance. The company’s AI-powered platform aims to automate and streamline customs processes, improving accuracy and efficiency while reducing costs and saving time for businesses involved in international trade.

Founded by Adnan Zaheer, a qualified accountant and MBA, and Mark Denney, an experienced CIO with expertise in technology and digital transformation, iCustoms.AI is set to make a significant impact on the trade compliance industry. The funding will enable the company to expand its tech team, develop new offerings, and continue innovating in the field of customs clearance.

Overall, iCustoms.AI’s goal is to redefine the industry landscape by offering a robust and indispensable solution that simplifies and accelerates the customs clearance process. With an impressive 99% accuracy rate and the potential for cost and time savings of up to 50%, iCustoms.AI is poised to revolutionize trade compliance for businesses worldwide.