- 22 April 2020
- Transport / Logistics Services
Mailing logistics Software as a Service (SaaS) providers FarEye has announced it has received $25 million in Series D investment led by M12, Microsoft’s venture capital fund. Honeywell Ventures and Eight Roads also participated in the funding round.
Kushal Nahata, CEO, FarEye, said, “We will use this investment to create greater value and improve the experience for our customers by enhancing the platform’s predictive capabilities, increasing platform partnerships, expanding into new markets and growing our teams in Europe, APAC & US.”
The FarEye predictive logistics platform helps its clients orchestrate, track and optimise their logistics operations. The company handles more than 10 million transactions daily in 20 countries in the business-to-customer and business-to-business segments.