LOGISTICS management startup FarEye on Wednesday announced it has raised US$25 million in a Series D round led by Microsoft's venture fund M12. Read more at The Business Times.
LOGISTICS management startup FarEye on Wednesday announced it has raised US$25 million in a Series D round led by Microsoft's venture fund M12.
Other participants include Eight Roads Ventures and Honeywell Ventures. Existing investor SAIF Partners also participated in the round. The funding round comes at a time where the global pandemic has accelerated the need for enterprises to scale their supply chain operations efficiently to meet the rising share of online deliveries, said Eight Roads Ventures partner Shweta Bhatia.
Funds will be used to further invest in the platform’s predictive capabilities and accelerate growth in the Asia-Pacific, Europe and the United States, said the company in a press statement. Founded in 2013, the Delhi-based startup is a predictive logistics platform which helps enterprises to orchestrate, track and optimise logistics operations, it said. Some of its clients include Walmart, DHL, Amway and Dominos.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Uber veteran raises US$31 million with a pitch to battle coronavirusTiger Fang, a former Uber executive has raised US$31 million for his Indonesian logistics startup with an unusual pitch that it will help organisations battle the coronavirus in the country.
Read more »
Uber veteran Tiger Fang raises $43.9m pitching his logistics start-up will battle coronavirusSINGAPORE (BLOOMBERG) - A former Uber Technologies executive has raised $31 million (S$43.9 million) for his Indonesian logistics start-up with an unusual pitch that it will help organizations battle the coronavirus in the country.. Read more at straitstimes.com.
Read more »
Exxon raises US$9.5b in new debtNEW YORK: Exxon Mobil Corp on Monday (Apr 13) raised US$9.5 billion in new debt, with the largest US oil producer seeking to bolster its finances ...
Read more »
Exxon raises US$9.5 billion to load up on cash while debt market still open to new dealsExxon Mobil Corp on Monday raised US$9.5 billion in new debt, with the largest U.S. oil producer seeking to bolster its finances while debt ...
Read more »
VC firms raised US$21b last quarter despite Covid-19 chaos[SAN FRANCISCO] The spreading coronavirus pandemic has slammed tech startups, forcing dozens to shed thousands of jobs. But so far, the venture capitalists that fund them appear to be doing alright, according to a new report — though some funds are faring better than others. Read more at The Business Times.
Read more »
Merger between Frasers' logistics, commercial Reits takes effectTHE S$1.58 billion merger between Frasers Logistics & Industrial Trust (FLT) and Frasers Commercial Trust (FCOT) first proposed last December by way of a trust scheme of arrangement, is now effective. Read more at The Business Times.
Read more »