In a significant move to revolutionize the supply chain industry, Paccurate, a startup founded by James Malley and Patrick Powers, has raised $8.1 million in Series A funding to further develop its innovative packaging and shipping optimization software. This investment, led by Indianapolis-based VC High Alpha, with participation from Tech Square Ventures, Grand Ventures, and Springtime Ventures, among others, will enable Paccurate to accelerate its growth and expand its customer base.

Paccurate's software, launched in 2018, helps parcel shippers determine the most cost-effective and sustainable way to ship items by taking into account factors such as size, weight, and packaging requirements. This approach, known as cartonization, has gained significant traction during the COVID-19 pandemic, as e-commerce has surged and companies have sought to reduce costs and environmental impact.

The startup's success is attributed to its unique focus on sustainability and cost savings, which sets it apart from legacy supply chain software players. With regulations such as the European Union's requirement for shipping boxes to be at least 50% full, and similar bills being introduced in the US, Paccurate is poised to capitalize on the growing demand for efficient and eco-friendly packaging solutions.