# PRESS RELEASE BODY Palmetto Tech Partners, a Charleston-based software company specializing in port logistics optimization, announced today that it has secured $9 million in Series A funding to expand its platform across East Coast container terminals. The round was led by Coastal Ventures, with participation from existing investors and new institutional backers focused on supply chain technology. The company's artificial intelligence-powered platform streamlines container yard operations, vessel scheduling and truck logistics at major ports. The software reduces dwell times, minimizes equipment repositioning costs and improves terminal efficiency by up to 18 percent, according to the company. Palmetto Tech Partners will deploy the capital to expand its sales and engineering teams, launch operations at five additional East Coast terminals and enhance its core platform capabilities. The company currently operates at three major ports in South Carolina, Georgia and Virginia. "This funding validates what we've known from day one—port operators desperately need smarter technology to handle increasing container volumes," said Michael Chen, chief executive officer of Palmetto Tech Partners. "We're at an inflection point where our platform can meaningfully transform how the entire East Coast moves cargo." The logistics technology market faces mounting pressure as supply chain disruptions and labor shortages plague the industry. Palmetto Tech Partners' solution addresses these challenges by automating previously manual processes and optimizing complex scheduling decisions in real time. **About Palmetto Tech Partners** Palmetto Tech Partners develops cloud-based logistics optimization software for container terminal operators. Founded in 2020, the company serves ports along the East Coast, helping terminal operators reduce operational costs and improve throughput. Headquartered in Charleston, South Carolina, Palmetto Tech Partners employs 34 people.