INLT (in·let), Los Angeles, a logistics tech start-up and licensed customs broker that develops software to simplify importing, announced final U.S. government approval and launch of its cloud-based web application. The company raised $1 million from strategic, angel and family office investors in 2017 to fund the expansion of its engineering and trade compliance teams.
INLT’s software saves importers and freight forwarders time and money while increasing visibility and compliance. Importers connect their freight forwarders (or vice versa) for classification of goods, submission of documents, tracking, and submission to U.S. Customs. INLT is freight agnostic, allowing importers to continue with their current partners while deriving operational, compliance and cost benefits of INLT’s application.
Freight forwarders can connect their agents globally via INLT’s first-of-its-kind cloud-based application, reducing the need for calls, emails and faxes in a heavily paper-driven industry. As the demand patterns of freight shift due to e-commerce, INLT’s application helps facilitate the demands associated with the change.
“We watched as the market began to change while U.S. Customs and trade compliance was ignored,” said Chris Reynolds, INLT co-founder and CEO. “Our role is to be the glue in the supply chain, from a communication and technology perspective, as well as a compliance one. If you import, we will save you money and make you more compliant. The same is true if you are a small or mid-size freight forwarder.”
Among INLT’s early investors are Michael Kaplan Jr., principal at Performance Team; Bennet Dorrance family office; Doug Sumi, president of 686; and Caro Krissman, co-founder and chairman at INLT.
For more information on INLT, visit www.inlt.com.
