FreightTech 25

Flexport winning $8B valuation with tech-enabled global logistics

Global logistics platform Flexport announced Monday it is looking to close a $935 million series E investment round by the end of the first quarter that will value the company at over $8 billion.

The round is being led by Andreessen Horowitz and MSD Partners with participation from strategic investor Shopify; existing investors DST Global, Founders Fund and SoftBank Vision Fund 1; and new investor Kevin Kwok.

“Global trade is facing historic challenges, which demand innovative approaches that...

https://www.freightwaves.com/news/flexport-winning-8b-valuation-with-tech-enabled-global-logistics

FreightWaves reveals FreightTech 25 winners

During Thursday’s final day of the F3 Virtual Experience, FreightWaves unveiled the list of companies selected for the 2022 FreightTech 25 in partnership with RyderVentures

These are the top 25 companies considered “the most transformative and innovative companies in FreightTech,” said FreightWaves CEO and founder Craig Fuller.

The 25 companies were determined by the hand-picked peer group of CEOs, industry leaders and investors actively investing in freight. The companies were among the...

https://www.freightwaves.com/news/freighttech-25

AEV Summit: Nominations open for FreightTech Awards

The announcement for the opening of nominations for the FreightTech Awards is from FreightWaves’ Autonomous & Electric Vehicles Summit on Wednesday.

FIRESIDE CHAT TOPIC: FreightTech Awards open for nominations

DETAILS: FreightWaves’ FreightTech Awards honor innovation and disruption within the freight industry. Nominations open Wednesday and close Sept. 3. Nominations will be narrowed to the FreightTech 100, which will then be voted on by a handpicked peer group of CEOs, industry leaders and...

https://www.freightwaves.com/news/nominations-open-for-freighttech-awards

Chuck helps 6 River Systems land in FreightTech 25

6 River Systems ranked No. 23 in the FreightTech 25 this year.

Warehouse automation provider 6 River Systems’ first product, Chuck, is a collaborative mobile robot built to improve picking speed and accuracy. That innovation helped 6 River Systems garner the No. 23 spot in FreightWaves’ FreightTech 25. 

6 River Systems has since expanded its range of products, now offering wall-to-wall fulfillment solutions for warehouses.

In the middle of the year, amid lockdowns due to the pandemic, 6 River Systems gained customers that needed its technology solutions in...

https://s29755.pcdn.co/news/chuck-helps-6-river-systems-land-in-freighttech-25

FreightTech 25: Uber Freight has solid year, but will it remain part of Uber?

It has been quite a year for Uber Freight, even as some analysts who follow the parent company of Uber Technologies continue to ask whether a digital load-matching platform fits with the bigger transportation disrupter.

The highlight of the year for Uber Freight, which is ranked 22nd on the FreightWaves FreightTech 25 list of disruptive and innovative companies, was taking on a half-billion-dollar investment. 

That investment of $500 million from an investor group led by Greenbriar Equity Group...

https://www.freightwaves.com/news/freighttech-25-uber-freight-has-solid-year-but-will-it-remain-part-of-uber

Loadsmart solidifies status as one-stop logistics shop

It’s been a banner year for Loadsmart, the New York- headquartered digital freight technology company.

The firm in November raised $90 million in Series C, following a major expansion of its multimodal network into less-than-truckload, partial and rail.

Landing on FreightWaves’ 2021 Freight Tech 25, an annual ranking of the most innovative companies, adds to the list of accomplishments.

“We’re honored to be selected for the third consecutive year as an innovator in freight technology,” Hunter Yaw,...

https://s29755.pcdn.co/news/loadsmart-solidifies-status-as-one-stop-logistics-shop

FreightTech 25: TriumphPay is the growth story at its Triumph Bancorp parent

For Triumph Bancorp, 2020 was the year of TriumphPay.

It is not that the platform for paying carriers was launched during this past year. That goes back to 2017. 

It was the year of TriumphPay because many of the major moves the company’s parent, Triumph Bancorp, took over the past 12 months were aimed at building out TriumphPay as an alternative to more traditional factoring. And that is one of the reasons why TriumphPay landed at number 19 on the FreightTech Top 25 for 2020.

The key to its...

https://s29755.pcdn.co/news/freighttech-25-triumphpay-is-the-growth-story-at-its-triumph-bancorp-parent

FreightTech 25: Ike’s humble road to autonomous trucking pays off

A tractor-trailer powered by autonomous trucking startup Ike.

Ike, an autonomous long-haul trucking startup that ranked No. 17 in FreightTech 25, made strides in 2020 toward the future where self-driving tractor-trailers pull freight on interstates. Perhaps recognizing the value of Ike’s people and technology, partner and minority investor Nuro recently acquired the company. 

“… We have watched as Ike developed not just one of the most rigorous safety-first and systems-based approaches to self-driving development, but also a team that is widely regarded as...

https://s29755.pcdn.co/news/freighttech-25-ikes-humble-road-to-autonomous-trucking-pays-off

Samsara’s technology solutions land it in the FreightTech 25

Samsara ranked No. 16 in the FreightTech 25.

Industrial Internet of Things (IoT) leader Samsara ranked No. 16 in the FreightTech 25 this year. Samsara provides software and sensors to monitor and manage commercial fleets and industrial operations. 

The company is innovating rapidly with over 200 new product updates this year, according to VP of Product Management Alexander Stevenson. Samsara expanded greatly this year, he said, reaching 20,000 customers in the energy, food and beverage, construction and manufacturing, and transportation...

https://s29755.pcdn.co/news/samsaras-technology-solutions-land-it-in-the-freighttech-25

FreightTech 25: Emerge enhances its freight logistics platform

Emerge CEO

Freight logistics platform Emerge is moving up the ranks. Emerge took the No. 14 spot in the FreightWaves FreightTech 25 awards, up from No. 18 last year.

“It’s an honor to be named to the FreightTech list for the second year in a row,” said Emerge CEO Michael Leto, who leads the company alongside his brother Andrew, the founder. 

“To be listed with such amazing organizations that are paving the way to positive change within our industry is a major accomplishment,” Michael added.

Emerge’s freight...

https://s29755.pcdn.co/news/freighttech-25-emerge-enhances-its-freight-logistics-platform

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