Artificial Intelligence in Logistics: Emerging Startups, Challenges and Use Cases
The drivers behind innovation in logistics and key players.
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
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.
Logistics industry trends and major players
Types of innovation in logistics.
While a great deal of innovation is coming from startups, established players bring plenty of disruption as well. Companies like DHL and ports like the Port of Rotterdam are constantly in the headlines when it comes to adopting new technologies. More specifically, DHL has built a machine learning-based tool that predicts air
freight time delays. The machine analyzes
58 different data points and predicts daily transit delays or speedups up to a week in advance. Furthermore, the ML model pinpoints the top factors influencing shipment delays.
The Port of Rotterdam invested in self-learning models by developing Pronto, an app for standardized data exchange on port calls. The app allows shipping companies, agents, and terminals to plan, implement, and track their activities during a port call. By analyzing such factors as vessel type, cargo type, location, route, sailing speed, and other vessels in the vicinity, Pronto powered by AI predicts vessel arrival times in the port.
In the meantime, East Japan Railway Company, one of the largest logistics companies in the world, plans to launch the implementation of autonomous train driving by 2027.
FedEx recently announced its new FedEx SameDay Bot to make “last mile” deliveries more efficient. With a maximum speed of 10mph, the bot uses a combination of LIDAR sensors akin to those in self-driving cars and regular cameras to navigate on the road independently and avoid collisions. Perhaps very soon our pizza from Pizza Hut or groceries from Walgreens will be delivered by SameDay bot.
We hear more and more announcements from big auto players such as BMW, Daimler, Ford, Toyota, and VW. Most of them are developing autonomous vehicle technologies. At the same time, younger companies like Google, Tesla, and Waymo challenge the incumbents by developing their own autonomous vehicles using proprietary AI and manufacturing techniques. In addition, mobility platform companies Lyft and Uber are partnering with established automotive companies to offer on-demand rides autonomously.
Overall, the innovation in logistics can be grouped into the following cohorts:
1. Automation of existing processes
Automation is the first step towards large-scale optimization across the board, and lots of companies have already done it to at least stay competitive:
- Automating repeatable tasks like form completion, invoicing, and inventory check-ups.
- Accelerating the complex brokerage process susceptible to human error and requiring very specific knowledge of regulations.
- Automating customer data collection and storage – an ongoing challenge for large enterprises that want to keep up-to-date records on their clients.
- Automation of warehouse operations with autonomous robots - replacing or aiding humans with all operations inside the warehouse.
2. Prediction and forecasting for process optimization
Automation already brings major benefits to the industry, but there are even bigger gains in the predictive power of AI. There’s an entire host of potential AI use cases in logistics that are being either explored or internalized by major logistics companies:
- Predicting delivery routes by enhancing communication between a multitude of global supply chain participants to efficiently transport, pick up and deliver shipments.
- Forecasting wear and tear of machinery and improving the Overall Equipment Effectiveness index.
- Predicting fuel usage for fleet optimization.
- Predicting future demand for production.
3. Advanced technology for disruptive innovation
If we explore the technology funnel even deeper, there’s basically a sea of possibilities when it comes to more advanced forms of AI that we are just starting to explore. Think Boston Dynamics and Amazon’s fleet of autonomous delivery drones, and then consider how far off are these use cases:
- AI in image recognition will speed up inventory management, while intelligent robotic sorting will accelerate parcel processing.
- The intersection of AI and IoT will empower sensors to produce visibility in supply chains, accurate security and safety solutions, and reduce harmful emissions.
- Purchasing through smart AI assistants like Siri, Alexa and Google will help personalize the shopping experience and increase the already break-neck velocity of consumerism.
According to Rob Carter, CIO of FedEx, you will be able to "talk your way through and [Alexa will] ask the right questions to make sure you’ve completed the work. Then you can expect a truck to roll up to the front door of your office, pick up the shipments, and move them along."
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.
|Company||HQ / year founded||Amount Raised, $||Investors||What they are doing|
|7bridges||UK / 2014||$20.4M A||Maersk 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 B||OMERS 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 Seed||The 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 / 2015||3M A||Crosslink 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 A||Menlo 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 B||Prologis Ventures, Reefknot Investments|
Operator of a global supply chain platform intended to offer trade data management services.
|AutoX||US / 2016||$160.1M B||Dongfeng 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 Financing||Cota 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 A||Artiman 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 E||Insight 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 Seed||JKR 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 F||Goldman 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 C||Accel, 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 Debt||Y 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 C||Index 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 B||Yunqi 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 A||Atomico, 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 Assistance||Plug 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 C||Plug 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 Market||Nordic Secondary Fund|
Operator of an AI-powered cross-border compliance platform intended to simplify and accelerate global trade.
|Evermile||UK / 2022||$6M Seed||Mensch 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 B||Columbia 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 E||TCV, 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 Growth||Value 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 Growth||Humax 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.
|Fleetx.io||India / 2017||$26.1M B||IndiaMART, 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 Growth||Andreessen 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 D||Global 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 Growth||Bain 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 C||GE 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 B||Innovation 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 E||GGV 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 Growth||Tiger 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 D||Source 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 / 2014||19M A||Spark 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 D||Esri, 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 / 2016||689.1K Seed||Windrose 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 B||Jeneration Capital, MESH|
Developer of an artificial intelligence-based automotive platform designed to create an intelligent autonomous driving system.
|Kodiak Robotics||US / 2018||$244.9M Grant||Battery 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 B||Sozo 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 D||Maersk 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 C||Tiger 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 F||Tiger 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 B||Tiger 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 B||Mercedes-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 F||Kleiner 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 B||Techstars, 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||- Seed||Tal 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 B||GE 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 B||Cedar 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 B||Grove Ventures, Nextgear Ventures, Vektor Partners|
Developer of an autonomous traffic management platform designed to reduce traffic congestion.
|Nuro||US / 2016||$2.1B D||Tiger 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 Round||Global 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 D||Volvo 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 B||Bessemer Venture Partners, Fusion Fund, The Westly Group, Fitz Gate Ventures|
Optimal Dynamics’ main product, CORE.ai, 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.
|Package.ai||Israel / 2016||- Seed||ICONYC Labs, AltaIR Capital|
A software and AI for optimizing last-mile delivery operations and experiences. package.ai 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, package.ai allows brands to effectively take charge of customer engagement across channels and journeys.
|Parade||US / 2015||$18.4M A||Menlo 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 A||JS 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 C||Sequoia 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™.
|Pony.ai||US / 2016||$1.2B Corporate Round||Sequoia Capital, Eight Roads Ventures, Legend Capital, 5Y Capital, Ontario Teachers' Pension Plan, KUNLUN, ClearVue Partners, Toyota Motor, GAC Toyota Motor|
Pony.ai 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 A||FootPrint 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 Seed||Wavemaker 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 B||Moguntia 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 Round||EASME, 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 Seed||Norwest 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.
|Roadstar.ai||China / 2017||140M Secondary||Shenzhen Capital Group, Wu Capital|
Roadstar.ai 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 / 2016||5.5M||Y 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 Secondary||Andreessen 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 Debt||Government 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 Round||Bpifrance, 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 E||Bessemer 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 E||Temasek 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 B||Surge, 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 B||NFX, 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 B||BOOST&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 Grant||The 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||- Seed||Sirket 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 Seed||Techstars, 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 Seed||Zim, 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 C||South 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 B||European 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 Note||Advantage 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 / 2016||4.52M A||TVS 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 Angel||Plug 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||$7.88M||European 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 / 2017||To 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 Round||Composite 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 Grant||Revolution, 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 D||General 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 A||Goldcrest 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 A||LDV 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 A||SMRT 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 C||Insight 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 Round||Mainport 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 C||Techstars, 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 D||Creandum, 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 C||ICONIQ 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.
|Company||HQ / year founded||Amount Raised, $||Deal Amount, $||Acquirer||Deal Rationale|
|6 River Systems||US / 2015||$46M B||$12.7M||Ocado 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||$67M||Reliance Retail|
Strategic partnership with Reliance will help us deliver more advanced and affordable robots
|Aurora||US / 2017||$3.7B Post-IPO||$820M||einvent 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||$375M||Softbank 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||-||$1.3B||GXO|
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||-||$230M||WiseTech Global|
WiseTech Global acquires Envase Technologies, a leading North American landside logistics software platform.
|Fetch Robotics||US / 2014||$94M C||$301M||Zebra 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||$4M||Descartes|
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||$724M||BioNTech|
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||$200M||ShipRocket|
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||-||$21M||Shippit|
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||$405M||SoftBank 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 / 2012||17.7M||—||Intuit|
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 / 2005||1.2B 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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