Logistics Management software
Updated: June 11, 2021
2021. Locus raises $50 million for its logistics management business
Locus, a startup that uses AI to help businesses map out their logistics, has raised $50 million Series C. Locus helps its clients automate their logistics workload — tasks such as planning, organizing, transporting and tracking of inventories, and finding the best path to reach a destination — that have traditionally required intensive human labor. Locus enters into categories where the cost of logistics is a big portion of cost of goods sold and where the profit margin is thin. At many distribution or e-commerce companies, the cost of logistics can be 40% of the good sold. This gives our clients a huge incentive to make some changes,” he said, adding that brands across the globe are increasingly beginning to explore ways to optimize their supply chain networks.
2021. Fulfilment startup Cubyn raises €35M
Cubyn, the Paris-based logistics startup that lets e-merchants outsource fulfilment and delivery logistics, has raised another €35 million in funding. Described at the time as a fully integrated solution that covers the entire fulfilment process, including keeping stock in Cubyn’s warehouses, it set the company up to grow off the back of an e-commerce boom, prompted not only by the pandemic most recently but also the continuing D2C and marketplace trend. For example, marketplaces Back Market, Rakuten, Mirakl and Fnac are currently using Cubyn.
2020. India’s logistics SaaS startup FarEye bags $13 million
India-based logistics startup FarEye has raised an $13 million to close its Series D financing round at $37.5 million. FarEye helps companies orchestrate, track and optimize their logistics operations. Say you order a pizza from Domino’s; the eatery uses FarEye’s service, which integrates into the system it is using to quickly inform the customer how long they need to wait for the food to reach them. FarEye is using AI to parse through more than a billion data points to identify the optimum solution. In the past year, it has fine-tuned its algorithm to handle last-mile and long-haul deliveries to offer a full suite of services to its clients More than 150 e-commerce and delivery companies globally use FarEye’s service to work out the optimum way to ship items to their customers.
2020. Shipamax scores $7M to digitise the logistics back-office
Shipamax, the startup that is helping freight forwarders and other logistics companies automate their back-office processes, has raised $7 million. Shipamax first set out to build an online broker for bulk shipping, before pivoting to a SaaS offering for bulk shippers. However, realising that the need for digitisation was real but that the market wasn’t large enough for a “VC scale business,” the startup pivoted one more time to develop a toolkit for back-office “process automation” for the global logistics industry.
2019. Whitebox raises $5M for its e-commerce logistics platform
Whitebox, a startup that is working to power the direct-to-consumer economy, has raised $5 million in Series A funding. The company works with both startups and more established brands, giving them the tools they need to run direct-to-consumer e-commerce businesses. Customers include McCormick, Starbucks, KitchenAid, Bare Bones and Super Coffee-maker Kitu. The service includes listing the products on different online marketplaces, promoting those listings with ads and actually sending the products to customers once they’ve been purchased.