FourKites
Industrial
Founded: 2014
Last Round Valuation: $1.05B
FourKites is an innovative platform that provides supply chain intelligence to businesses and logistics companies. It offers real-time tracking and management solutions, utilizing advanced artificial intelligence algorithms to accurately predict shipment arrival times. By leveraging FourKites, customers can reduce expenses, enhance punctuality, and foster better relationships with end-customers. The company was established by Mathew Joseph Elenjickal in 2014 and is based in Chicago, Illinois.
FourKites Overview:
Founded in 2014 by Mathew Joseph Elenjickal, FourKites is a supply chain intelligence platform that has become a prominent player in the industry. Headquartered in Chicago, Illinois, the company offers real-time visibility and execution solutions for companies and third-party logistics (3PL) firms.
At its core, FourKites leverages advanced technologies, including patented artificial intelligence (AI), to provide comprehensive insights and tracking capabilities throughout the supply chain. By integrating with various data sources, such as transportation management systems, telematics devices, and carrier dispatch systems, FourKites aggregates and analyzes vast amounts of information to deliver accurate and up-to-date visibility into shipments.
One of the key features of FourKites is its ability to calculate precise shipment arrival times using its AI algorithms. This capability allows businesses to proactively manage their logistics operations, reduce costs, and improve on-time performance. By having real-time insights into the location, status, and estimated time of arrival of shipments, companies can better coordinate their operations, optimize resources, and respond promptly to any disruptions or delays.
FourKites also enables companies to enhance their relationships with end-customers. By providing transparency and visibility into the movement of goods, businesses can offer more accurate and reliable delivery estimates to their customers. This not only improves customer satisfaction but also fosters trust and loyalty.
The platform's user-friendly interface and intuitive dashboards make it easy for businesses to access and analyze their supply chain data. Through interactive maps, real-time alerts, and customizable reports, users can gain actionable insights, identify bottlenecks, and make data-driven decisions to optimize their supply chain operations.
Over the years, FourKites has established partnerships with major global enterprises and logistics providers, enabling seamless integration and collaboration within the supply chain ecosystem. The company continues to innovate and expand its offerings, incorporating emerging technologies like Internet of Things (IoT) and machine learning to further enhance its capabilities.
Overall, FourKites empowers businesses to transform their supply chain operations, improve efficiency, reduce costs, and deliver superior customer experiences. By harnessing the power of real-time visibility and intelligent insights, FourKites has solidified its position as a trusted and innovative leader in the field of supply chain intelligence.
Founders:
Mathew Elenjickal
Arun Chandrasekaran
Top Investors:
FedEx
Atlas Innovate
Thomas H. Lee Partners
Qualcomm Ventures
Volvo Group Venture Capital
August Capital
Bain Capital Ventures
CEAS Investments
Hyde Park Venture Partners
Hyde Park Ange
Funding History:
Date | Share Type | Amount Raised | Raised to Date | Issue Price | Post Money Valuation | Key Investors |
---|---|---|---|---|---|---|
Jun 2022 | Series D-1 | $80MM | $281.15MM | $12.00 | $1.05B | FedEx, Atlas Innovate |
Mar 2021 | Series D | $97.12MM | $201.15MM | $8.81 | $762.99MM | Thomas H. Lee Partners, Qualcomm Ventures, Volvo Group Venture Capital |
Feb 2019 | Series C | $50MM | $104.03MM | $7.95 | $546.23MM | August Capital, Bain Capital Ventures, CEAS Investments |
Feb 2018 | Series B | $36.78MM | $54.03MM | $2.70 | $172.97MM | August Capital, Bain Capital Ventures, Hyde Park Venture Partners |
Oct 2016 | Series A | $13.6MM | $17.25MM | $1.08 | $48.46MM | Bain Capital Ventures, Hyde Park Venture Partners |
Feb 2016 | Series Seed | $2.33MM | $3.65MM | $0.48 | $11.74MM | CEAS Investments, Hyde Park Venture Partners |
Jun 2015 | Series Seed-1 | $1.32MM | $1.32MM | $0.18 | $3.29MM | Hyde Park Venture Partners, Hyde Park Ange |
In the News:
Interested in FourKites?
Please fill out the form below and a member of our team will contact you to discuss next steps.