Artificial Intelligence in Logistics: Emerging Startups, Challenges and Use Cases

The drivers behind innovation in logistics and key players.

Yuliya Sychikova
COO @ DataRoot Labs
19 Oct 2021
10 min read
Artificial Intelligence in Logistics: Emerging Startups, Challenges and Use Cases

Artificial intelligence is hitting new adoption levels each year, with industries like supply chain management and logistics taking center stage in the AI race. As per Infoholic Research, the AI in the logistics and supply chain market is predicted to grow at a CAGR of 42.9% over 2017-2023 to reach USD 6.5 billion by 2023.

The process complexity and amounts of data generated by the industry call for a higher and tighter structure and transparency through digitalization. Operational challenges aside, people want their stuff right now – be it a multinational corporation awaiting new equipment, or an Amazon customer expecting their gifts come holiday season. In today’s world, the speed of delivery matters more than ever. In addition to speed, customers demand deliveries and pick-ups at a specific time slot, adding a layer of complexity to route optimization. Then, there’s the question of pricing.

At the age of online price transparency, companies are expected to deliver a higher quality of service at lower costs, putting pressure on company margins and pushing them toward labor automation. There are just too many moving parts to this industry for it to persist without AI and the augmentation. With multiple players across different parts of the supply chain, regulators, a vast number of third parties including subcontractors, operators, airlines – this is literally too big to fail, but it’s certainly prone to economic stagnation and hard losses if the whole setup does not adapt to the modern age.

List of the 100 AI Logistics Startups

Inside: AI + Logistics landscape featuring 100 startups.

Based on public information gathered from Crunchbase and other sources, we have compiled a list of 100 startups that bring artificial intelligence to the global logistics industry. Every AI logistics tech startup carries a unique approach to Artificial Intelligence, and some of them have already operationalized several use cases.

AI in Logistics Innovation Landscape 2021-2022

AI in Logistics Innovation Landscape 2021-2022

To highlight a few cases, Dutch startup Fizyr enables the automating of human tasks in logistics using AI by building software products for automated picking and placing in harsh logistics environments. Instead of acquiring a proprietary picking cell, that most piece-picking companies in the market offer, Fizyr’s modular software product integrates smoothly with any camera, robot, and end-effector, allowing companies to choose the best equipment to meet their needs at any time. The algorithms provide over 100 grasp poses each second, including classification to handle objects differently, but also perform quality controls to detect defects to prevent damaged items from being placed on a sorter.

Indian company Invento Robotics specializes in developing service robots intended for customer interactions. Their flagship robot known as Mitra, can recognize guests with face recognition technology and engage them in conversations while alerting the hosts of guest arrival. This year, Mitra was trained to help healthcare workers screen and diagnose Covid-19 patients remotely to prevent exposure to Covid-19.

Based in Wilmington, MA, Locus Robotics manufactures autonomous, mobile robots to support e-commerce operations for retailers and warehouse logistics providers. It has recently announced that it now passed the 250 million units picked volume level, meaning that Locus robots can now pick more than 10,000 units every 15 minutes.

Nuro a Californian startup founded by ex-Google employees, has announced a $1 billion investment round from Softbank. The startup produces R-1 robots, which can carry many products on board, can cross sidewalks, and even climb stairs to make deliveries and due to their slimness, are safer than most alternatives.

Robby Technologies founded in 2016 and backed by YCombinator is developing Robby 2, an autonomous vehicle with advanced AI for navigation and interaction capabilities. It can navigate not only roads but also sidewalks, pedestrians, and rail crossings. It is also equipped with conversational AI to encourage interaction between humans and the robot. For example, if a person blocks Robby’s path, Robby will say “excuse me” and “thank you”.

Satellite imagery company DigitalGlobe high-resolution pictures of the planet’s surface to ride-sharing giant Uber. These images provide rich input sources for the development of advanced mapping tools to increase the precision of pick up, navigation, and drop off between its drivers and riders. DigitalGlobe’s satellites can decipher new road-surface markings, lane information, and street-scale changes to traffic patterns before a city adds them to its official vector map.

This is not an exclusive list of AI logistics startups – feel free to add more companies in the comment section at the end of this article – we’ll make sure to add them to our knowledge base.

Covid-19 impact on the sector

Challenging times that present numerous opportunities.

The pandemic put a major strain on the entire sector. There are a few reasons for that. One is the globalized nature of today's supply chain where various components of a single product are manufactured in various countries, especially in China. Two is the new regulations like additional protocols, in connection to the spread of the virus created delivery bottlenecks and slowed down the movement of goods. Three - the governments, businesses, and consumers expected certain goods to be delivered faster. At the beginning of the pandemic, they were masks and PPE equipment. As we are nearing the end of 2020, new processes have to be created to ship the vaccines under appropriate conditions in the US, Europe, and the rest of the world, putting additional stress on the logistics companies. One of the consequences of the pandemic may be the shortening of the supply chain or its diversification to reduce dependence on many countries and possibly replacement of offshoring with nearshoring for strategic goods.

That being said, the pandemic created unprecedented opportunities for certain sectors of the logistics.

  • The rise of the e-commerce industry as more consumers switch from offline to online
  • Drones, autonomous vehicle, robotics startups that replace a human in delivery, minimize exposure to a labor shortage and help maintain social distancing
  • Route optimization with AI to speed up delivery of goods while reducing carbon emissions

For instance, a Bengaluru-based start-up Invento Robotics, has been re-purposing its robots — to screening and diagnostics to prevent exposure to Covid-19 patients by doctors and healthcare workers. The robot helps with patient data collection i.e. name and symptoms and measures temperature. Those with symptoms or who have been in contact with a Covid-19 positive family member are directed towards the diagnostics robot for a remote video conversation with a doctor.

TagBox, a supply chain monitoring company, retrained its AI innovative logistic models to enforce, maintain, and manage social distancing within the workplace. The start-up’s wearable Tag360 alerts when a person's temperature is rising. It can monitor the handling of diagnostic test kits, alerts if unauthorized opening, mishandling, or temperature risk is detected.

CompanyHQ / year foundedAmount Raised, $InvestorsWhat they are doing
7bridges UK / 2014$20.4M AMaersk Growth, Crane Venture Partners
Developer of a logistics engine optimization platform designed to automate the workflow of the logistics industry.
Acerta Canada / 2017$18.6M BOMERS Ventures, Techstars, M12, BDC Venture Capital
Acerta is an ML-based failure prediction software solution. It is augmenting technical know-how with machine learning to uncover actionable insights from vehicle and production data. They are helping automakers get complex products to market faster and with fewer defects, amplifying domain knowledge with artificial intelligence to locate the earliest indicators of future product failures.
AiDock Israel / 2018$21M SeedThe Carlton James Group, The Dock Innovation
AiDock is creating the future of the supply-chain service providers by automating all paperwork-related tasks in the export and import of goods, leading the AI revolution in the supply chain and logistics industry.
AKUA US / 20153M ACrosslink Capital
AKUA is a subscription data service delivering actionable, real-time, and secure business intelligence directly to cargo owners. Their flexible IoT platform provides persistent environmental monitoring and tracking solutions for intermodal cargo containers with no new equipment to buy or manage.
Alloy US / 2017$15.3M AMenlo Ventures, 8VC
Alloy equips consumer goods brands to capture demand and streamline supply by breaking down silos within and across the supply chain, sales, and marketing teams. Their cloud platform couples end-to-end inventory and shipment visibility with sell-in and sell-through analytics to surface relevant insights in real-time. Companies ranging from the Fortune 500 to digital-natives use Alloy every day to grow customer relationships and improve service levels. While preventing lost revenue from out-of-stocks and phantom inventory, they also lower the costs of inventory holding, expedited freight, spoilage, and markdown by efficiently responding to what and where consumers buy. Companies ranging from the Fortune 500 to digital-natives use Alloy every day to grow customer relationships and improve service levels. While preventing lost revenue from out-of-stocks and phantom inventory, they also lower the costs of inventory holding, expedited freight, spoilage and markdown by efficiently responding to what and where consumers buy.
Altana US / 2018$122M BPrologis Ventures, Reefknot Investments
Operator of a global supply chain platform intended to offer trade data management services.
AutoX US / 2016$160.1M BDongfeng Motor Group, Hongzhao Fund
AutoX is a self-driving car startup that is building the hardware + software integrated full stack technology for Level-4 AI driver. The same AutoX driver can drive different vehicles, including RoboTaxi and RoboTruck. AutoX aims to empower the world with their AI driver to provide universal access to transportation of people and goods, safely and reliably.
Bossa Nova Robotics US / 2005$97.8M Debt FinancingCota Capital, Paxion Capital Partners, Celesta Capital
A real-time, on-shelf product predictive analytics provider for the global retail industry. Its technology collects terabytes of data that enables the retail ecosystem to optimize the omnichannel shopping experience.
Boxbot US / 2017$17.5M AArtiman Ventures
Automation technology for first, middle, and last mile facilities that enables faster and less expensive e-commerce delivery. Boxbot's intelligent sorting platform consists of a unique Automated Storage and Retrieval System (AS/RS) combined with proprietary software called the Boxbot Sorting Execution System.
Bringg Israel / 2013$184M EInsight Partners, Next47, Aleph, Viola Growth, O.G. Venture Partners, Cambridge Capital
"Bringg is a delivery logistics solution providing enterprises with an efficient way to manage their complex delivery operations. "Bringg is a delivery logistics solution providing enterprises with an efficient way to manage their complex delivery operations. Their SaaS-based platform offers real-time capabilities to achieve logistical excellence across delivery ecosystems via streamlining logistical operations for peak efficiency and creating perfect delivery experiences for their customers. Their SaaS-based platform offers real-time capabilities to achieve logistical excellence across delivery ecosystems via streamlining logistical operations for peak efficiency and creating perfect delivery experiences for their customers.
Cargofy US / 2017$3M SeedJKR Investment Group, ISA Fund, Lair East Labs, Quake Capital Partners, Superangel, F1V
Cargofy is the easiest way to find loads for independent truckers. The company helps truckers access high-paying loads through a mobile app, truck navigator, and receive discounts on fuel, maintenance, and truck parts.
Cargonexx Germany / 2016-EIT Digital
Cargonexx is the first digital freight forwarder to use AI to reduce empty runs. The young Hamburg-based company has already built up a network of over 100,000 trucks. Cargonexx was awarded as the best mobility start-up in Europe and won numerous prizes, including the German Digital Prize by McKinsey. The company has developed state-of-the-art ML algorithms to predict unused capacity.
CargoX Brazil / 2013$390.1M FGoldman Sachs, Tencent, Blackstone Group, Lightrock, SOFTBANK Latin America Ventures, Pattac
A technology-powered freight broker that provides shippers with an efficient solution to transport the most diverse types of products in any part of Brazil. The service is based on a technology that has a growing fleet of 100,000 truckers. Through technology, they connect over 10 thousand shippers with 1.4 million trucks to eliminate excess capacity. CargoX saves on shipping costs for shippers, increases earnings for truckers, and reduces C02 emissions generated by empty trucks on the road.
Carto US / 2012$94M CAccel, Earlybird, Insight Partners, European Innovation Council, Plug and Play
CARTO is a platform that turns spatial data into efficient delivery routes, better behavioral marketing, and strategic store placements. Their team solves spatial problems using CARTO’s data and analysis to understand where and why things happen, optimize business processes, and predict future outcomes through the power of Spatial Data Science.
Convoy US / 2015$1.1B DebtY Combinator, Greylock, T. Rowe Price, JP Morgan, Baillie Gifford, BloombergNEF, CapitalG, Generation Investment Management
A marketplace that connects shippers with nearby trucks (‘carriers’) and books jobs instantly. Convoy is the most efficient digital freight network. They use technology and data to solve problems of waste and inefficiency in the $800B trucking industry, which generates over 76M metric tons of wasted CO2 emissions from empty trucks.
Covariant US / 2017$222M CIndex Ventures, Amplify Partners, Radical Ventures
Covariant is a developer of artificial intelligence for robotics which is building the Covariant Brain, a universal AI to give robots the ability to see, reason, and act on the world around them. They are bringing the Covariant Brain to commercial viability, starting with the industries that make, move, and store things in the physical world.
DeepRoute China / 2019$350M BYunqi Partners, Fosun RZ Capital, Jeneration Capital
Deeproute is an international self-driving technology company committed to advancing urban logistics and popularizing robotaxis.
Delivers.AI Turkey / 2020$1.2M -Driventure, hi VC, StartupFon
Developer of robots designed for food and grocery deliveries. The company's product combines the latest next-generation navigation technology with an appealing design, enabling users with human-free interactions for food ordering and delivery.
Dexory UK / 2015$38M AAtomico, Lakestar, Capnamic Ventures, Kindred Capital
Developer of autonomous mobile and modular robots that measure, track, and find goods across warehouses without workflow disruption and provide real-time data at every stage of the process.
Dray Alliance US / 2017$55.1M Non Equity AssistancePlug and Play, Matrix Partners, Headline, Craft Ventures, JP Morgan, Wonder Ventures
Dray Alliance is an AI-enabled online marketplace for container drayage services in & around Los Angeles and Long Beach. Enables users, freight forwarders, and import/export shippers to book drayage services from multiple operators on the platform, via an AI-enabled quoting system.
Einride Sweden / 2016$652.3M CPlug and Play, EQT Ventures, Barclays Corporate Banking, Norrsken VC, BUILD Capital Partners
Einride is a cargo and freight company that designs and builds technologies for transportation systems. It is taking logistics in a new direction with intelligent freight mobility solutions that are both autonomous and electric for shippers and carriers.
Eurora Estonia / 2018$41.9M Secondary MarketNordic Secondary Fund
Operator of an AI-powered cross-border compliance platform intended to simplify and accelerate global trade.
Evermile UK / 2022$6M SeedMensch Capital Partners, 10D
Evermile is a local delivery platform tailored for small businesses. By employing AI, it systematically matches businesses with appropriate delivery options, evaluating parameters such as distance, time, and cost. This integration potentially allows businesses to manage their delivery expenditures while effectively serving their customers.
Everstream Germany / 2012$79M BColumbia Capital, StepStone Group, Morgam Stanley Investment Management
Developer of a supply chain risk management platform designed to leverage machine learning and Artificial intelligence AI to predict, assess, and mitigate the risk of supply chain disruptions.
FarEye India / 2013$150.7M ETCV, M12, Dragoneer Investment Group, Elevation Capital, Fundamentum, KB Global Platform Fund, Deutsche Post
FarEye is a logistics SaaS platform for predictive visibility. It enables brands to orchestrate, track, and optimize their logistics operations. The machine-learning-based platform is empowering global enterprises to shrink delivery time by up to 27%, increase courier productivity by up to 15%, eliminate risks by up to 57%, and achieve operational excellence.
Fizyr The Netherlands / 2014$4.44M GrowthValue Creation Capital
Fizyr enables the automating of human tasks in logistics using AI. Fizyr designs, builds, installs, and maintains the world’s best vision software product for automated picking and placing in harsh logistics environments. Their deep learning algorithms are used to enable automated handling of unknown objects varying in shape, size, color, material, and stacking, being picked from (conveyed) bulk.
FleetUp US / 2013$25M GrowthHumax Holdings
FleetUp provides a Total Mobility - transportation fleets, assets, equipment & operators - Management System (MaaS) with a single uniform but scalable cloud platform that incorporates machine learning & data analytics. India / 2017$26.1M BIndiaMART, BEENEXT, India Quotient, LetsVenture, First Cheque
Fleetx is an intelligent fleet and logistics management platform that uses AI, machine learning, sensors, and predictive analytics to help fleet owners and manufacturers improve their logistics operations with efficiency, safety, and make smart and better decisions in a cost-effective and flexible way. Fleetx’s operation system for logistics helps customers reduce operations costs by up to 8-10% with real-time P&L visibility.
Flexport US / 2013$2.4B GrowthAndreessen Horowitz, Founders Fund, SoftBank Vision Fund, Kohlberg Kravis Roberts, DST Global, Shopify, S.F. Express, MSD Partners
Flexport is a licensed customs brokerage and freight forwarder built around a modern web application. Its freight service includes an online dashboard for businesses to easily understand, purchase, manage, and track the services required for global trade. Its team of logistics experts focuses on core business by ensuring goods arrive at fulfillment/distribution centers on time and at the lowest cost.
Forto Germany / 2016$593.4M DGlobal Founders Capital, SoftBank Vision Fund, Northzone, Cherry Ventures, Unbound, Inven Capital, Rider Global, Disruptive
Forto is a digital freight forwarder and a digital interface to manage user logistics. It features past, current, and future freight shipments, keeps track of missing documents, uploads all files stores them for future use, and offers real-time freight tracking.
Fourkites US / 2014$241.5M GrowthBain Capital Ventures, August Capital, Hyde Park Venture Partners, Mitsui & Co, CEAS Investments, Thomas H. Lee Partners, FedEx
FourKites tracks and consolidates data across modes – including ocean, rail, parcel, and over-the-road, with both truckload and less-than-truckload – into a unified platform built for global enterprise companies. With the world’s largest network of shippers, carriers, and 3PLs, FourKites delivers unprecedented levels of insight — enabling you to make better, more proactive supply chain decisions.
Freightos Hong Kong / 2012$118.3M CGE Ventures, Aleph, MoreVC, Annox Capital, Singapore Stock Exchange
Using Freightos, the world’s largest online freight marketplace, small and midsized importers can seamlessly compare, book, and manage shipments, making freight as easy as booking tickets on Expedia. The Freightos Marketplace helps importers and exporters reduce logistics spending and save time with instant comparison, booking, and management of air, ocean, and land shipments from top logistics providers. Freightos also provides patent-pending technology that empowers carriers and logistics providers around the world to automate freight sales.
Gatik US / 2017$122.9M BInnovation Endeavors, Koch Disruptive Technologies, Wittington Ventures, Government of Ontario
Gatik creates autonomous solutions to tackle expensive urban logistics for businesses. Focusing on B2B goods delivery, Gatik uses Level 4 automated light trucks and vans to ensure goods are transported efficiently and affordably in city environments between business locations.
Geek+ China / 2015$539.4M EGGV Capital, Vertex Ventures, Warburg Pincus, D1 Capital Partners, CPE, Volcanics Venture, V Fund Management, Banyan Capital Partners
Geek+ is a global leader in robotic solutions for logistics. They develop Autonomous Mobile Robot (AMR) solutions to realize flexible, reliable, and highly efficient automation for warehouses and supply chain management by automating various laborious tasks like picking, moving, and sorting.
GreyOrange US / 2011$293.1M GrowthTiger Global Management, Blume Ventures, InnoVen Capital, Mithril Capital Management, BITS Spark Angels
GreyOrange modernizes order fulfillment through AI-driven software and mobile robots built to cooperate in deciding on and executing warehouse activities that maximize payoffs and minimize tradeoffs to create the highest yield. The company’s fulfillment operating system GreyMatter considers predictive and real-time data regarding orders, promises, inventory, shipping windows, and resources to orchestrate how workers and robots work together to fulfill the right orders at the right time.
HAI ROBOTICS China / 2016$315M DSource Code Capital, 5Y Capital, Capital Today
HAI ROBOTICS creates and delivers value to every warehouse and factory with advanced robotics and AI algorithms. The HaiPick solution is the world's first autonomous case-handling robot (ACR) system. HAIPICK transforms warehouse operations with automated transportation, retrieval, storage, and sortation.
Haven US / 201419M ASpark Capital, First Round Capital, DNX Ventures
Haven builds software for commodity producers, traders, and their customers who need to save time managing complex international logistics. Its software automates trade, enables collaboration, and provides detailed visibility into a shipper’s supply chain. Haven automates global logistics for commodity traders, food producers, and other large shippers every day.
HawkEye360 US / 2015$362.3M DEsri, Airbus, Raytheon, NightDragon, Allied Minds, Razor's Edge Ventures, Seraphim Space, BlackRock, Insight Partners
HawkEye 360 is a data analytics company that develops space-based radio frequency mapping. The company operates a commercial satellite constellation to identify, process, and geolocate a broad set of RF signals. Its products include maritime domain awareness and spectrum mapping and monitoring.
Invento Robotics India / 2016689.1K SeedWindrose Capital, ITI Growth Opportunities, Chiripal Group
Invento Robotics provides an artificial intelligence-based humanoid robot for enterprise applications. Known as Mitra it has the capability to recognize guests with face recognition technology and engage them in conversations while alerting the hosts of guest arrival. The company's robots also help to battle Covid-19 by helping screen and diagnose the patients to prevent exposure to Covid-19 patients by doctors and healthcare workers.
Isee US / 2016$57.7 BJeneration Capital, MESH
Developer of an artificial intelligence-based automotive platform designed to create an intelligent autonomous driving system.
Kodiak Robotics US / 2018$244.9M GrantBattery Ventures, U.S. Department of Defense, BMW i Ventures, Horizon Technology Finance, Bridgestone Americas
Kodiak Robotics is an autonomous technology company redefining the long-haul trucking industry. Trucking will see the first widespread adoption of self-driving technology, ultimately saving lives, increasing network efficiency, reducing costs and emissions, and enhancing the quality of life of truck drivers.
Leaf Logistics US / 2017$58.5M BSozo Ventures, Playground Global, Floodgate
Leaf Logistics is a data-driven technology to plan, coordinate, and execute transportation logistics. Leaf's freight contracting platform is an end-to-end solution for buyers and sellers to secure future transportation capacity, rates, and service through binding, tradeable Leaf Forward contracts. Using predictive analytics and AI, Leaf enables members to quickly identify the best contracting opportunities for their network, lowering costs and improving operations.
Loadsmart US / 2014$346.4M DMaersk Growth, Softbank, BlackRock, Inc., Connor Capital SB, Chromo Invest, TFI International
Transforming the future of freight, Loadsmart leverages artificial intelligence, machine learning and strategic partnerships to automate how freight is priced, booked and shipped. Pairing advanced technologies with deep-seated industry expertise, Loadsmart fuels growth, simplifies operational complexity and bolsters efficiency for carriers and shippers alike.
Locus India / 2015$78.8M CTiger Global Management, GIC, Alpha Wave Global, Exfinity Venture Partners
Locus is an intelligent logistics automation and decision-making platform that comes with in-built route planning and vehicle allocation engine which improves consistency and efficiency of operations. The product suite comprises of a route deviation engine, order dispatch automation, a field user app, route optimizations, scheduling, tracking for end-customer, and predictive analytics. Locus is an intelligent logistics automation and decision-making platform that comes with an in-built route planning and vehicle allocation engine which improves the consistency and efficiency of operations.
Locus Robotics US / 2014$416M FTiger Global Management, Scale Venture Partners, Goldman Sachs Asset Management, Bond, G2 Venture Partners
A warehouse robotics company that manufactures autonomous, mobile robots to support e-commerce operations for retailers and warehouse logistics providers. Locus Robotics manufactures autonomous, mobile robots to support e-commerce for retailers and warehouse logistics providers. Its technology works collaboratively alongside workers to dramatically improve order productivity and increase fulfillment speed and throughput 2X-3X with near-perfect order accuracy.
LogiNext US / 2014$49.5M BTiger Global Capital, Steadview Capital Management, Alibaba Group
LogiNext is a global technology and automation company focusing on transportation, home deliveries, omnichannel fulfillment, and B2B distribution. Growing at an average rate of 150% YoY, LogiNext has helped its clients digitize and optimize order scheduling, customer communication, routing, dispatching, and real-time tracking to reduce logistics costs and achieve operational excellence.
Matternet US / 2011$74M BMercedes-Benz Group AG, McKesson Ventures, Boeing HorizonX Ventures
Matternet builds and operates drone logistics networks for transporting goods on demand, through the air, at a fraction of the time, cost, and energy of any other transportation method used today. The company has partnered with UPS to make unmanned drone deliveries for medical samples.
Megvii China / 2011$1.4B D Qiming Venture Partners, Ant Group, Foxconn Technology Group, Bank of China Group Investment, Foxteq Holdings
Megvii has created an AIoT product system that integrates hardware and software solutions catering to three core applications: Consumer IoT, City IoT, and Supply Chain IoT. The solutions are widely used in internet, finance, cities, transportation, real estate, logistics, and other fields, helping the intelligent upgrading of the industry and the commercialization of AI.
Motive US / 2013$567.3M FKleiner Perkins, Index Ventures, Insight Partners, IVP, Scale Venture Partners, ITOCHU Corporation, Greenoaks, G2 Venture Partners
Motive developed an electronic fleet tracking platform designed to digitize long-haul trucking services. Improved communication with drivers and real-time GPS tracking provide accurate delivery windows and prevent delivery disputes. Advanced AI detection models instantly recognize unsafe driving actions like cell phone use and close following. Audio and visual dash cam alerts remind drivers to improve in real time.
Nautilus Labs US / 2016$47M BTechstars, M12 - Microsoft's Venture Fund, BloombergNEF, Root Ventures, Microsoft Climate Innovation Fund
Nautilus is building artificial intelligence to advance the efficiency of ocean commerce. They deliver technology to help shipping companies minimize fuel consumption, maximize operational efficiency, and optimize fleet performance. By arming ship owners and operators with real-time predictive decision support, Nautilus is reducing greenhouse gas emissions and making global trade sustainable.
Nemodata Israel / 2020- SeedTal Ventures, Plug and Play
Spinframe develops vehicle-inspection systems based on artificial intelligence, computer vision, and machine-learning technologies that create digital twins for vehicles throughout the supply chain and detect anomalies from the assembly line throughout the vehicle journey to the dealership and end customer.
New York Shipping Exchange (NYSHEX) US / 2014$68.9M BGE Ventures, GS Growth, NewRoad Capital Partners, Collate Capital
NYSHEX is the digital infrastructure for global shipping. The platform unites shippers, carriers, and forwarders with a reliable, efficient, and trusted system for global commerce. New York Shipping Exchange enables the transformation of the container shipping industry through two innovations: a new standardized freight contract and a new way to trade freight digitally.
Nimble Robotics US / 2017$115M BCedar Pine, GSR Ventures
Designer of a robotic system created to provide automated end-to-end piece-picking, sorting, and packing solutions for eCommerce orders.
NoTraffic Israel / 2016$75.7M BGrove Ventures, Nextgear Ventures, Vektor Partners
Developer of an autonomous traffic management platform designed to reduce traffic congestion.
Nuro US / 2016$2.1B DTiger Global Management, Greylock, SoftBank Vision Fund, T. Rowe Price, Gaorong Capital
NURO is a technology company that creates self-driving delivery vehicles that can make deliveries and transport goods without the help of a driver.
Omnichain US / 2016$3M Venture RoundGlobal Brain Corporation
Omnichain provides forward and reverse intelligent supply chain management software. It connects disparate stakeholders through distributed ledger technology, creating a connectivity layer for in-house AI and ML models to run predictive analytics and execution. The result of this is holistic orchestration, transparency, and proactive decision-making across the supply chain.
Optibus Israel / 2014$260M DVolvo Group Venture Capital, Bessemer Venture Partners
Optibus is a developer of an AI-enabled SaaS platform for planning and running mass transportation.
Optimal Dynamics US / 2017$55.8M BBessemer Venture Partners, Fusion Fund, The Westly Group, Fitz Gate Ventures
Optimal Dynamics’ main product,, leverages High Dimensional Artificial Intelligence, the result of decades of research and development at Princeton University. Optimal Dynamics brings next-generation AI to the logistics industry, building to be the "Decisions Layer of Logistics". It enables logistics companies to automate and optimize their operations. Israel / 2016- SeedICONYC Labs, AltaIR Capital
A software and AI for optimizing last-mile delivery operations and experiences. has developed Jenny, a conversational agent that can contact parcel recipients via Facebook Messenger or SMS to coordinate delivery times, locations, and other specialized instructions. Powered by conversational AI, workflow automation, and last-mile intelligence, allows brands to effectively take charge of customer engagement across channels and journeys.
Parade US / 2015 $18.4M AMenlo Ventures, Jones Capital, Greenhawk Capital
Parade is the leading capacity management platform for freight brokerages. Parade uses natural language processing and data analytics to address a particularly knotty problem: the volume of time-sensitive messages flooding in from truckers looking for loads.
Pickle Robot US / 2018$37.5M AJS Capital, Toyota Ventures
Developer of a package-handling robot designed to automate key tasks. The company's robot automizes key package handling tasks along the e-commerce supply chain such as loading and unloading feeder trucks, palletizing and depalletizing mixed parcels, preloading last-mile delivery vans, and package cars, and sorting, enabling logistics companies to save time and money.
Plus US / 2016$520M CSequoia Capital China, GSR Ventures, ClearVue Partners, FountainVest Partners, Guotai Junan International, CPE Capital, Wanxiang International Investment
Plus AI is developing self-driving technology for trucks. They have developed 2 lines of technology called PlusDrive® and SuperDrive™. US / 2016$1.2B Corporate RoundSequoia Capital, Eight Roads Ventures, Legend Capital, 5Y Capital, Ontario Teachers' Pension Plan, KUNLUN, ClearVue Partners, Toyota Motor, GAC Toyota Motor is a startup that builds full-stack autonomous driving solutions. Using the power of their core technology “virtual driver”, they have positioned themselves at the forefront of autonomous driving across three business units: Robotaxi, Robotruck, and Personally Owned Vehicles (POV).
Populus US / 2017$19.9M AFootPrint Coalition, Zero Infinity Partners
Populus is a platform for cities to manage and price commercial fleets to deliver safer and more sustainable streets.
Portcast Singapore / 2017$3.2M SeedWavemaker Partners, SGInnovate, Entrepreneur First, Newtown Partners, TMV, Innoport
Portcast is an AI-enabled visibility and analytics platform for global supply chains. The platform provides real-time updates on ocean containers to enable shippers to accurately predict cargo arrival times and set the entire supply chain in motion, cutting down on port fees, eliminating manual work and needless delays. Portcast accomplishes this using advanced data sets and proprietary machine learning algorithms.
Raft UK / 2017$47.9M BMoguntia Capital, Bessemer Venture Partners, Episode 1
Developer of intelligent logistics platform designed to elevate the value of freight forwarding.
RELEX Solutions Finland / 2005$804M PE RoundEASME, Summit Partners, TCV, Blackstone Group
RELEX is a cloud-based supply chain & retail enterprise resource planning software provider. It's a cloud-based supply chain planning tool for retailers based on AI & in-memory data processing technologies.
Revvo US / 2018$10M SeedNorwest Venture Partners, Cercano Management
Revvo provides a sensor-enabled AI - TireIQ™, a software platform to monitor vehicle tires to enable tire service providers, fleets, and individuals to take proactive action. China / 2017140M SecondaryShenzhen Capital Group, Wu Capital is an AI startup that specializes in level 4 autonomous driving technologies. They focus on providing efficient autonomous driving solutions to future advanced transportation system using unique and robust multi-sensor fusion framework.
RobbyTechcnologies US / 20165.5MY Combinator, FoundersX, Silicon Valley Future Capital
Robby Technologies is building self-driving robots to deliver food and packages autonomously to users' doorsteps.
Samsara US / 2015$930M SecondaryAndreessen Horowitz, General Catalyst
Samsara is an IoT platform that combines hardware, software, and cloud to bring real-time visibility, analytics, and AI to get a birds-eye view of your fleet - from light and heavy-duty vehicles to trailers and equipment -with real-time GPS tracking.
Scale AI Canada / 2017$602.6M DebtGovernment Of Quebec, Government of Canada
Scale AI is an industry-led consortium that shapes a new global supply chain platform.
Serve Robotics US / 2017$53M -Wavemaker Partners, Uber, NVIDIA
Serve is the future of sustainable, self-driving delivery. Their robots serve people in public spaces, starting with food delivery.
Shippeo France / 2014$107.9M Venture RoundBpifrance, Battery Ventures, Partech, NGP Capital, ETF Partners, Otium Capital, ORLEN VC
Shippeo is a global leader in real-time multimodal transportation visibility, helping major shippers and logistics service providers operate more resilient, sustainable, and customer-centric supply chains. This is made possible with highly accurate real-time operational visibility and Transport Process Automation™ to streamline transportation processes, reduce latency, and improve operational efficiency.
Shippo US / 2013$154.3M EBessemer Venture Partners, Union Square Ventures, Uncork Capital, D1 Capital Partners
Shippo is a multi-carrier shipping API and web app. E-commerce businesses, marketplaces, and platforms are able to connect to multiple shipping carriers around the world from one API and dashboard, through Shippo. Businesses can get shipping rates, print labels, automate international documents, track shipments, and facilitate returns.
Shiprocket India / 2012$386.8M ETemasek Holdings, Tribe Capital, March Capital, Lightrock, PayPal Ventures, Bertelsmann India Investments, Info Edge ventures, Nirvana Venture Advisors
Shiprocket is a provider of AI-based automated shipping management tools for e-commerce. Its platform allows users to import orders, select shipments and courier partners, pack orders and print labels, and track the order to inform customers.
Shipsy India / 2015$31.6M BSurge, A91 Partners, Z3Partners
Shipsy is an enterprise SaaS company that helps its customers manage their end-to-end logistics across multiple modes like ocean, air and road transportation. Its mission is to create data-driven products to improve operational efficiency in the logistics supply chain.
Shyft US / 2015$31.3M BNFX, Inovia Capital, Ocean Azul Partners
Shyft is a provider of SaaS-based relocation management software. It helps in car shipment, pet moving, storage, packing supplies, moving belongings, and other services. Its AI-enabled vision algorithms & human intelligence analyze the video chat and offer inventory management functionalities as well as proof of the condition of the goods.
Simfoni US / 2015$18M BBOOST&Co, PeakSpan Capital
Simfoni is a digital solutions provider of spend analytics and spend automation products to leading global enterprises. Products deploy ML and AI to accelerate and automate key aspects of the procurement process, saving customers both time and money in the process.
Skyports UK / 2018$34.2M GrantThe Freight Innovation Fund, ST Engineering Ventures Fund
Skyports is an urban air mobility infrastructure provider and drone delivery operator for aviation and managing end-to-end drone deliveries. The company designs, builds, and operates take-off and landing infrastructure for air taxis, and partners with world-class electric vertical take-off and landing (eVTOL) vehicle manufacturers to enable safe, sustainable, and efficient cargo and passenger flight operations within urban and suburban environments. 
SmartOpt Turkey / 2018- SeedSirket Ortağım Angel Investors Network.
SmartOpt uses statistics and AI to optimize logistics operations. It develops a platform, ForecastOpt, that predicts future demand and prices of products based on time-series methods, allowing users to analyze future market trends.
Southie Autonomy US / 2017$7.6M SeedTechstars, MassChallenge, BootstrapLabs, kineo finance
Southie Autonomy provides contract packagers, manufacturers, and retailers with fast and flexible robot arm automation. Their no-code, no-programming software platform makes it easy for any worker to deploy and changeover robot arms in less than 10 minutes.
Spinframe Israel / 2017$9M SeedZim, Singularity Capital, Sarona Partners
Spinframe develops vehicle-inspection systems based on artificial intelligence, computer vision, and machine-learning technologies that create digital twins for vehicles throughout the supply chain and detect anomalies from the assembly line throughout the vehicle journey to the dealership and end customer.
Stargo Israel / 2010$35.5M CSouth Israel Bridging Fund
Stargo is revolutionizing the door-to-door quote generation process – and transforming the margin and bottom-line performance of freight forwarders in the process. Stargo generates the optimal five options for any shipment – based on route, price, preferred carrier, or time – so employees spend less time generating proposals and more time adding value to their customers.
Starship Technologies US / 2014$197.7M BEuropean Investment Bank, Mercedes-Benz Group AG, Morpheus Ventures, NordicNinja VC, Taavet+Sten
Starship Technologies is a robotics company building fleets of self-driving delivery robots designed to deliver goods locally within 30 minutes. The robots drive autonomously 99% of the time to make safe and environmentally friendly curb-side deliveries from a local hub. Starships Technologies robots are equipped with a sensor suite that includes cameras, GPS and inertial measurement units.
Surgere US / 2004$5M Convertible NoteAdvantage Capital
Surgere developed a wide variety of visibility and control technologies to increase data accuracy and manage assets (packaging, parts, tools, finished vehicles) moving through manufacturing, supply chain, and logistics verticals.
Tachyon Saudi Arabia / 2020$1.6M Pre-Seed
Tachyon develops a cloud-based platform and smartphone apps to facilitate shipping. It leverages machine learning algorithms to automatically assign trucks to the shipper
TagBox India / 20164.52M ATVS Motor Company, Indian Angel Network, Karnataka Startup Cell
TagBox is a provider of AI-based supply chain visibility solutions. With TagBox, you can simply ‘tag’ a product, shipment, or asset, predict and prevent supply chain quality failures, ensure end-to-end SKU or batch traceability, and improve operational efficiency KPIs. In addition, the company enables real-time Social Distance Monitoring and Contact Tracing for COVID-19 in the workplace.
ThroughPut US / 2017$11M AngelPlug and Play, Innova Memphis, Epicenter Logistics Innovation Accelerator
Developer of supply chain optimization platform designed for companies to increase output, quality, and profitability through bottleneck elimination. The company's platform provides real-time root cause analysis for end-to-end supply chain management using existing time-stamped data by leveraging powerful algorithms and practices, enabling decision-makers to take real-time corrective measures and save time, money, resources, and brand integrity.
Transmetrics Bulgaria / 2013$7.88MEuropean Innovation Council
Transmetrics offers predictive optimization that helps cargo transport and logistics service providers increase their operational efficiency by applying modern technology such as artificial intelligence, predictive analytics, and computer optimization, enabling clients to improve their operational efficiency, decrease environmental impact, and cut costs through the use of modern technology.
TrueNorth Systems Israel / 2017To watch
TrueNorth Systems is a computer software company that provides cargo stakeholders with an AI-based cargo claims management system. The company is driven by its mission is to use its innovative platform to revolutionize the cargo insurance industry by drastically improving the efficiency of how cargo claims are handled within the entire global container shipping industry.
Tusimple US / 2015$648.1M Venture RoundComposite Capital Management, CDH Investments, SINA Corporation, Goodyear Ventures
TuSimple developed a technology for semi-trucks to build the Autonomous Freight Network (AFN) in partnership with shippers, carriers, railroads, freight brokers, fleet asset owners, and truck hardware partners.
Uptake US / 2014$218M GrantRevolution, Baillie Gifford, BloombergNEF, GreatPoint Ventures, Caterpillar Ventures
Uptake Technologies develops a predictive analytics platform. Its platform analyzes data to predict and prevent failures, uncover hidden profits, and discover new opportunities in healthcare, insurance, locomotives, construction, manufacturing, and other industries.
UVeye US / 2016$195.5M DGeneral Motors Ventures, Hyundai Motor Company, Hanaco Venture Capital, Toyota Tsusho, Volvo Cars Tech Fund
Developer of vehicle inspection systems designed to detect threats or modifications of vehicles. The company's systems utilize high-resolution, high-speed cameras along with machine learning and computer vision to detect and identify concealed weapons and other contraband, enabling government organizations vehicle manufacturers, rental companies, and logistical centers to improve maintenance and security levels.
Vector US / 2014$10M AGoldcrest Capital, 8VC, Congruent Ventures Capital, 8VC, Congruent Ventures
Vector provides AI-enabled document and transport management solutions to the logistics industry. Developed a freight documentation platform designed to eliminate paperwork and automate logistics workflow.
Venti US / 2018$37M ALDV Partners, LG Technology Ventures
Developer of autonomous logistics mobility technology designed to develop global supply chains and industrial hubs for future transportation and moving goods.
VersaFleet Singapore / 2012$3.5M ASMRT Ventures, Prestellar Ventures, others
VersaFleet offers a cloud-hosted platform that includes route optimization, electronic proof-of-delivery, instant notifications, and real-time job status tracking, enabling fleet operators to manage operations in a hassle-free manner.
Wandelbots Germany / 2017$122.2M CInsight Partners, SAP.iO, 83North, Atlantic Labs, EQT Ventures
Wandelbots develops solutions to enable AI-driven integration of robots via smart input devices and example-based teaching.
We4Sea The Netherlands / 2016$450K Venture RoundMainport Innovation Fund
A cloud platform that offers solutions to monitoring platforms designed to reduce bunker costs and ship emissions.
Wise Systems US / 2014$73.1M CTechstars, Tiger Global Management, SAP.iO, Gradient Ventures, Dynamo
The company's software uses machine learning to automatically schedule, monitor, and adjust routes in real-time, considering multiple variables and constraints, enabling fleet managers to optimize transportation operations and make deliveries efficient at decreased costs.
Xeneta Norway / 2012 $137.2M DCreandum, Investinor, Smedvig Capital, Alliance, Apax Digital
Xeneta is a platform provides real-time and on-demand freight rate information on all global trade routes and assists various industries in optimizing across the supply chain, recognizing the balance between getting goods to market on time and at the desired cost, enabling clients to take control of real-time and on-demand freight rate data.
Zinier US / 2014$120M CICONIQ Capital, Accel, Tiger Global Management
From automated scheduling & dispatching to optimized field workflows and intelligent close-out package creation & verification, Zinier is empowering teams to coordinate and execute field service faster and more effectively.

M&A Activity in Logistics and Supply Chain Management

A great deal of M&A activity is happening in the logistics sector. We see ride-hailing companies consolidating, industry incumbents adding innovative tech solutions or top talent to strengthen their departments through the acquisitions.

One of the flagship recent deals in December 2020 was the IPO of Doordash, a leader in food delivery that leverages various AI and ML techniques to intelligently model the decision space and achieve near-optimal solutions in seconds. Another interesting deal was the sale of its autonomous driving unit by Uber to a competing autonomous vehicle technology startup Aurora. As part of the deal, Uber is buying a 26% stake for USD 400m into the company.

In October 2020, an Israel-based Fleetonomy was acquired by Via. With this acquisition, a ride-hailing leader Via is expanding into the logistics and supply chain business. Fleetonomy’s AI-based solutions are powering fleet owners, auto manufacturers, and mobility service providers to maximize their fleets by rolling out customized ridesharing, dynamic shuttle routes, on-demand rental, and car subscription services.

While there were plenty of impressive acquisitions in 2019-2020, we predict many more to come in the next few years as the industry continues to be technologically disrupted. In the table below, we summarize the most recent tech acquisitions in logistics, transportation, and smart mobility space.

CompanyHQ / year foundedAmount Raised, $Deal Amount, $AcquirerDeal Rationale
6 River Systems US / 2015$46M B$12.7MOcado Group
The 6 River acquisition was part of building up the logistics side of the business by providing automated 3PL to sellers. Ocado Group, an English grocery technology licenser, will become the robotics firm’s new parent.
Accelogix US / 2012--Spinnaker SCA
Spinnaker SCA acquired Accelogix to expand its supply chain tech.
Addverb India / 2016$132M B$67MReliance Retail
Strategic partnership with Reliance will help us deliver more advanced and affordable robots
Aurora US / 2017$3.7B Post-IPO$820Meinvent Capital, T. Rowe Price
Some of the money will be invested in short- and intermediate-term investment grade instruments. It’s also possible a portion of the proceeds will go toward acquiring or investing in additional businesses, technologies, products or assets, the company wrote in a filing.
Berkshire Grey US / 2013$428M Post IPO Equity$375MSoftbank Group
BlueNode Canada / 2018$418.8M Grant-Everstream Analytics
Halifax-based BlueNode, which sells logistics software for the shipping industry, has been acquired by San Marcos, California’s Everstream Analytics for an undisclosed price in what BlueNode CEO Louis Beaubien has described as a bid to diversify his company into verticals outside the maritime sector.
ClearMetal US / 2014$31M A-project44
Logistics technology provider project44 has acquired competitor ClearMetal, its second acquisition in the ocean freight visibility space in three months in a market that is awash in venture investment and consolidation.
Clippers Logistics US / 1992-$1.3BGXO
GXO and Clipper are both industry leaders and together they expect to accelerate growth by expanding their geographic presence in key markets and verticals, bolstering their roster of blue-chip customers and enhancing the breadth of innovative warehouse capabilities they provide
Coupa US / 2007$405M Post IPO Equity$8B
For more than a decade, we've been building an incredible Business Spend Management Community and have proudly cemented our position as the market-leading platform in our category. We're looking forward to partnering with Thoma Bravo and accelerating our vision to digitally transform the Office of the CFO.
DeepSea UK / 2017$5.9M-Nabtesco
Nabtesco became the primary shareholder in DeepSea Technologies, marking further progress towards autonomous vessel development.
Embark Trucks US / 2016$317M Post-IPO Equity$71M Applied Intuition
Applied aims to integrate Embark’s internal tools, data, and software assets to further improve its offerings for customers in the trucking and automotive industries. Embark plans to retire its fleet of test vehicles as part of the transaction. Key Embark employees are expected to remain to support Applied and expand the company’s suite of product offerings.
Envase Technologies US / 2020-$230MWiseTech Global
WiseTech Global acquires Envase Technologies, a leading North American landside logistics software platform.
Fetch Robotics US / 2014$94M C$301MZebra Technologies
The acquisition of Fetch Robotics will accelerate our Enterprise Asset Intelligence vision and growth in intelligent industrial automation by embracing new modes of empowering workflows and helping our customers operate more efficiently in increasingly automated, data-powered environments.
Foxtrot Systems US / 2014$9M$4MDescartes
Foxtrot’s advanced machine learning algorithms leverage millions of data points collected from vehicles in the field, helping customers reduce last-mile costs, improve customer service and learn service factors that improve route efficiency and on-time performance.
InstaDeep UK / 2015 $107M B$724MBioNTech
The acquisition supports BioNTech’s strategy, aiming to build world-leading capabilities in AI-driven drug discovery and development of next-generation immunotherapies and vaccines to address diseases with high unmet medical needs.
KLD Labs US / 1989--ENSCO
LOGYSTO Mexico / 2022$2.8M A-Clicoh
With the acquisition of Logysto, ClicOh becomes a formidable challenger in the e-commerce and logistics space in LatAm, with a comprehensive value proposition and presence in 5 countries across the region (Argentina, Chile, Colombia, Mexico, and Uruguay).
Marine Performance Systems Netherlands / 2018--Alfa Laval
Alfa Laval announced it has completed its acquisition of Marine Performance Systems B.V. (MPS), a Rotterdam-based maritime technology company that has developed a fluidic air lubrication system enabling reduced fuel burn and emissions.
Nexogen Hungary / 2007--Transporeon
Transporeon expands its carrier offering by acquiring Nexogen, adding AI-based fleet optimization to its platform services.
Onalytics Portugal / 2019--Konvoy kegs
Konvoy, a leading international beer keg provider, has expanded its tracking operations with the purchase of Onalytics, a keg-tracking tech company based in Lisbon.
Pickrr India / 2015$16M B$200MShipRocket
Both platforms operate in the same sector, they have complementary value propositions and customer segments that will play a mutually beneficial role post the acquisition.
Plotwise Netherlands / 2011--Coolblue
Plotwise is a last-mile-focused solution that leverages ML and AI technology to improve routes and deliveries for organisations that are ready to switch from cost optimisation to service optimisation.
Premonition Australia / 2015-$21MShippit
Australian logistics scaleup Shippit has announced the acquisition of last mile technology firm Premonition for an undisclosed amount to help the Sydney-based company take advantage of the online shopping boom.
Shipamax UK / 2016$9.5M A-WiseTech Global
Through CargoWise platform, company has created integrated processes to ensure data is entered only once, reducing risk of incorrect re-keyed data, time and resource effort, and costs associated with data exchange. With Shipamax, this capability extends the CargoWise ecosystem by automating the ingestion of inbound documents into operational data in CargoWise.
Siena Analytics US / 2014--Peak Technologies
The acquisition of Siena Analytics adds a critical proprietary logistics software solution to the Peak Technologies portfolio that will help customers address visibility and automation issues affecting all supply chain businesses.
Symbotic US / 2007$405M Post IPO Equity$405MSoftBank Vision Fund, Walmart
Symbotic plans to accelerate growth as a public company and advance its A.I.-enabled robotics technology to transform the supply chain.
Titan GPS Canada / 2004--GPS Insight
Certified Tracking Solutions, a leader in GPS telematics, connected transportation, and industrial IoT, today announced that it has been acquired by GPS Insight, a leading provider of SaaS-based fleet and field service management software.
TNX Logistics Germany / 2016--Transporeon
TNX's autonomous procurement service will provide a logcal enhancement of Transporeon's Ticontract tendering offering as well as its spot assignment product Transporeon Best Carrier. It will also provide an entry service to connect onto its digital platform.
TradeGecko Singapore / 201217.7MIntuit
Intuit's QuickBooks to acquire TradeGecko to add omnichannel commerce capabilities
Turvo US / 2014$91.6M B -Lineage Logistics
Acquisition is part of Lineage’s ongoing strategy to invest in technologies capable of transforming the global food supply chain.
UiPath US / 20051.2B E
Voyage US / 2017$51.2M B-Cruise
Cruise has the “most advanced self-driving technology, unique auto partners and the first purpose-built self-driving vehicle. With Voyage and our customer-service obsessed team, we’ll together deliver a game-changing self-driving product.
Ware US / 2013$3M Seed-Gather AI
Gather AI acquired Ware to become the largest autonomous inventory management platform in the world.

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Yuliya Sychikova
COO @ DataRoot Labs
Yuliya is a co-founder and COO of DataRoot Labs, where she oversees operations, sales, communication, and Startup Venture Services. She brings onboard business and venture capital experience that she gained at a leading tech investment company in CEE, where she oversaw numerous deals and managed a portfolio across various tech niches including AI and IT service companies.


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