Freight intelligence platform GenLogs announced Monday it has closed a $14.6 million Series A funding round led by Venrock and HOF Capital to continue building out solutions utilizing the company’s sensor network tracking assets across the United States.
Steel Atlas, AutoTech Ventures, Venture 53, TitletownTech, Plug and Play Ventures and Heartland Ventures also participated in the round. The company has raised $21 million since 2023.
GenLogs’ technology uses roadside sensors and cameras to...
Visibility provider Tive announced Thursday it raised $40 million in an oversubscribed Series C funding round led by World Innovation Lab and Sageview Capital, with participation from AVP, RRE Ventures, Two Sigma Ventures, Qualcomm Ventures, Fifth Wall, Supply Chain Ventures, and Sorenson Capital.
This capital will fuel Tive’s goal to enhance real-time shipment tracking and monitoring capabilities. With its innovative multi-sensor trackers and cloud platform, Tive serves over 900 global...
https://www.freightwaves.com/news/freighttechs-tracking-superhero-lands-40m
Paris-based visibility provider Shippeo announced Wednesday it has secured $30 million in strategic funding led by Toyota’s growth fund Woven Capital as the company aims to accelerate its expansion in North American and Asia-Pacific (APAC) markets. The round also included participation from existing investors Battery Ventures, Partech, NGP Capital, Bpifrance Digital Venture, LFX Venture Partners, Shift4Good and Yamaha Motor Ventures.
“Across the board, the level of risk on the supply chain of...
Supply chain visibility firm Overhaul has closed on $55 million in equity funding led by Springcoast Partners, with follow-on participation from existing investors Edison Partners and Americo.
The funding, announced Friday, will help expand Overhaul’s investments in AI technology, while also providing capital to support strategic acquisitions, officials said.
“The supply chain technology space will see significant consolidation over the next 12 to 24 months,” Overhaul founder and CEO Barry Conlon...
https://www.freightwaves.com/news/overhaul-secures-55m-in-funding-to-accelerate-growth
Transportation asset intelligence platform GenLogs has been using its network of roadside cameras and sensors to help brokers and carriers identify potential backhaul leads. But now it’s using the same technology to help local law enforcement agencies recover stolen assets.
Founded last year, GenLogs began aggregating data on tractor and trailer movements. It identifies which carriers have the greatest activity on major trucking lanes across the country. Brokers can interface with the platform...
https://www.freightwaves.com/news/genlogs-helping-brokers-generate-leads-and-fight-crime
Parking and storage provider Outpost, formerly known as Semi-Stow, announced Thursday it is launching a new technology solution to provide its customers and truck yards with visibility into assets at the company’s current 21 truck yards.
Using both company hardware and software, customers can now leverage computer vision technology, on-demand video and Internet-of-Things devices to keep track of parked assets and provide a more efficient check-in and check-out system. It allows for flexible...
https://www.freightwaves.com/news/outpost-taps-modern-tech-for-parking-visibility
Global shipping solutions provider Northbound announced Wednesday it has closed on $1.4 million (€1.3 million) in pre-seeding funding led by Apex Black with participation from id4 ventures, IBB Ventures, Schenker Ventures, MVP Factory and other angel investors.
The Berlin-based company plans to use the funds to continue building out its container logistics platform, first with a focus on address detention and demurrage (D&D) problems for its customers.
Northbound addresses these charges by...
Companies across logistics and transportation industries can collaboratively leverage data and technology to improve operational efficiency, safety and sustainability.
That is the message Samsara plans to drive home during its upcoming annual community event Beyond.
In an interview, Lara Caimi, president of worldwide field operations at Samsara, spoke on the thousands of leaders coming together at the sold-out event June 26-28 in Chicago to share best practices for achieving common goals.
Global shipping platform Ship Angel Inc. announced Tuesday it has closed on $5 million in funding co-led by Glasswing Venture and Newark Venture Partners with participation from Bienville Capital, Socii Capital and Plug and Play, to continue building out new AI-powered products for beneficial cargo owners. Two of those new products were announced Tuesday as well.
“Ship Angel’s best-in-class AI-native software, industry expertise, and focus on delivering an exceptional user experience will set a...
https://www.freightwaves.com/news/ship-angel-raises-5m-launches-two-new-products-for-bcos
The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.
The traditional supply chain has long been viewed as just that: a series of interconnected links working together to deliver products to customers. But what happens when those links are weak or disconnected? Just like a broken bicycle chain, the entire system grinds to a halt. In today’s fast-paced, globalized world, this is a risk many businesses...