FarEye, a SaaS-based logistics startup has announced that it has raised $25 million in Series D funding round led by M12 (Microsoft’s venture fund)
Other investors that took part in the funding round include Eight Roads Ventures and Honeywell Ventures. Existing investor SAIF Partners also participated in the funding round.
“We will use this investment to create greater value and improve the experience for our customers by enhancing the platform’s predictive capabilities, increasing platform partnerships, expanding into new markets and growing our teams in Europe, APAC & US,” Kushal Nahata, CEO at FarEye, said in a press statement.
FarEye is a machine-learning based predictive logistics platform for businesses to execute, track, collaborate, predict and optimize the movement of goods. DHL, Amway, Dominos, Walmart, Johnson & Johnson and Hilti are among its clients.
The company claims that it has matured into a well-acknowledged player facilitating 10+ million transactions per day across 20+ countries for more than 150+ customers.
The logistics platform was founded in 2013 by Kushal Nahata, Gaurav Srivastava and Gautam Kumar..
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