Former Amazon Air and Walmart exec targets online shipping with Pandion
E-commerce delivery startup Pandion has emerged from stealth mode and raised $4.9 million in seed funding.
The round was led by Playground Global and Schematic Ventures, with participation from AME Cloud Ventures and Innovation Endeavors.
Founded in 2020, US-based Pandion, which uses machine learning to more efficiently transport e-commerce packages, will use the cash to grow its team and expand customer pilots.
Founder and CEO Scott Ruffin was the Founder and Head of Amazon Air and most recently was VP and Head of Walmart’s E-commerce Transportation division.
“Retailers can’t sell what they can’t ship,” he says. “Capacity is highly constrained and the traditional parcel providers are built for a pre-internet bricks and mortar world.”
“We are building the modern small parcel provider – tuned specifically to provide low cost, high performance delivery that e-commerce needs.”
“Big e-commerce retailers like Amazon have built their own capability to put their customers first. Now with Pandion, we will do the same for the rest of the industry.”
“The shift to online retail is accelerating at a blistering pace, but the current logistics framework is brittle and unable to support even the current volume,” comments Bruce Leak, partner at Playground Global and board member at Pandion.
“As one of the top minds in logistics, Scott is uniquely skilled and motivated to help retail businesses deliver their products to customers more reliably and affordably.”