AI Logistics Startup Packsmith.ai Receives Investment from Wave Function to Transform E-Commerce Fulfillment

Wave Function and Packsmith.ai have formed a strategic partnership, with Wave Function investing in Packsmith.ai, a Los Angeles-based AI-driven third-party logistics provider. Packsmith.ai's platform offers real-time visibility into inventory, supply chain, demand forecasting, and order routing, providing 30%–70% faster deliveries, right-sized inventory, and transparent pricing. The partnership aims to support Packsmith's mission to deliver intelligent, scalable logistics solutions for modern brands.

Wave Function, a New Bedford, MA-based venture capital firm, has invested in Packsmith.ai, an AI-driven third-party logistics (3PL) provider based in Los Angeles. The strategic investment aims to support Packsmith.ai's mission to deliver intelligent, scalable logistics solutions for modern brands [1].

Packsmith.ai's platform leverages artificial intelligence to offer real-time visibility into inventory, supply chain, demand forecasting, and order routing. This innovative approach promises to revolutionize traditional 3PL services, which often suffer from inefficiencies and opaque costs. The company claims to provide 30%–70% faster deliveries, right-sized inventory, and transparent pricing [1].

Key features of Packsmith.ai's platform include real-time inventory and supply chain tracking, proactive demand forecasting, intelligent order routing, and transparent, no-lock-in pricing. These features enable brands to scale seamlessly, replacing fragmented systems with streamlined operations [1].

"We’re passionate about supporting Founders who reimagine their industries," said Al Peters, Founder of Wave Function™. "Packsmith’s platform sets a new standard for e-commerce logistics, and we’re thrilled to join Ben and Simon on their journey" [1].

Ben Wunderman, Co-Founder and CEO of Packsmith.ai, echoed this sentiment, stating, "Growth comes from reaching all customers better. Our platform delivers faster, more affordable fulfillment for brands" [1].

The investment by Wave Function is part of a broader trend in the logistics industry, where AI and technology are increasingly being used to improve efficiency and transparency. Another notable example is ITS Logistics, which has announced the release of ITS Engage, an AI-powered supply chain ecosystem designed to enhance collaboration and visibility among shippers, carriers, and supply chain partners [2].

ITS Engage, developed over three years, offers a centralized platform for managing logistics operations, including real-time tracking, demand forecasting, and customizable dashboards. The platform has already demonstrated its value to companies like Caraway and ITG Voma, which have reported improved supply chain performance and stronger relationships with their customers [2].

As the e-commerce landscape continues to evolve, partnerships like the one between Wave Function and Packsmith.ai are poised to play a significant role in shaping the future of logistics. By investing in innovative technologies and platforms, these companies aim to address the growing demand for efficient, transparent, and scalable supply chain solutions.

References:
[1] https://www.businesswire.com/news/home/20250710863507/en/Wave-Function-and-Packsmith.ai-Redefining-E-Commerce-with-AI-Logistics
[2] https://www.globenewswire.com/news-release/2025/07/10/3113533/0/en/ITS-Logistics-Announces-ITS-Engage-A-Centralized-Ecosystem-for-Shippers-Carriers-and-Supply-Chain-Partners.html