Digicust, the Austrian AI startup modernizing the way customs processes are managed in international supply chains, has closed a €2.3 million pre-Series A round. The round was supported by Jet Investment and Look AI Ventures and will help accelerate product development, expand AI capabilities and drive entry into new markets. Look AI shared the news with AIN.
About Digicust
- Digicust is a technology company founded in 2020 and based at Vienna International Airport. It develops an AI-based platform that automates customs workflows for logistics providers, customs brokers and exporters.
- The platform covers the entire customs process, including document processing and structuring, tariff classification, export control checks and generation of compliant customs records. It is used to reduce manual work, shorten processing times and improve the accuracy of daily customs operations.
Investment Details
The €2.3 million funding round was led by Jet Investment (€950,000) with participation from Look AI Ventures (€250,000), other private investors and existing investors. Financing is also supported by Austria Wirtschaftsservice (aws) through its warranty and support programs.
- Jet investment is a Czech investment company with more than 25 years of experience in supporting industrial companies. The company focuses on fast-growing B2B industrial startups in Central Europe, including the Czech Republic, Slovakia, Poland, Austria and Germany.
- Watch AI Ventures is a Czech investment fund focused on pre-seed and seed startups, which address major markets with core AI-based solutions. The fund’s mission is to nurture the AI ecosystem with its portfolio including Sequence, Electric sheep, Ochy And Stay.
The company plans to use this funding to further develop its product, expand its AI capabilities and support entry into new European markets.
Learn more: Estonian logistics startup MyDello has raised €3.1 million to improve AI logistics and expand in Europe