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Founded Year

2015

Stage

Line of Credit | Alive

Total Raised

$1.085B

Valuation

$0000 

Last Raised

$150M | 1 yr ago

Revenue

$0000 

About Convoy

Convoy is a technology-enabled trucking network enabling shippers to connect with nearby trucking companies and book and track jobs instantly. It offers real-time notifications of jobs and free fleet management tools. It was formerly known as Greypoint. The company was founded in 2015 and is based in Seattle, Washington.

Headquarters Location

1700 7th Avenue Suite 116 #287

Seattle, Washington, 98101,

United States

425-214-1769

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ESPs containing Convoy

The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.

EXECUTION STRENGTH ➡MARKET STRENGTH ➡LEADERHIGHFLIEROUTPERFORMERCHALLENGER
Enterprise Tech / Supply Chain & Procurement

The digital freight marketplaces market match shippers with available carriers via online platforms. Effectively matching supply with demand helps avoid capacity constraints and bottlenecks, which are common in the highly fragmented trucking industry. These marketplaces provide a digital platform where shippers can post their freight requirements and carriers can bid or offer their transportation …

Convoy named as Leader among 15 other companies, including Uber Freight, Loadsmart, and 3Gtms.

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Expert Collections containing Convoy

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Convoy is included in 3 Expert Collections, including Supply Chain & Logistics Tech.

S

Supply Chain & Logistics Tech

5,305 items

Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).

U

Unicorns- Billion Dollar Startups

1,221 items

T

Tech IPO Pipeline

568 items

Convoy Patents

Convoy has filed 7 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

8/8/2014

2/28/2017

Video signal, Digital display connectors, Broadcast engineering, Image processing, Diagrams

Grant

Application Date

8/8/2014

Grant Date

2/28/2017

Title

Related Topics

Video signal, Digital display connectors, Broadcast engineering, Image processing, Diagrams

Status

Grant

Latest Convoy News

With ‘GitHub for data,’ Gable.ai wants to connect software engineers and ML developers

Sep 12, 2023

Founders led data department at Convoy Before founding Gable.ai, Sanderson and his co-founders, Adrian Kreuziger and Daniel Dicker, led the data department at Convoy, the $4 billion digital freight network that move thousands of truckloads around the country each day through an optimized, connected network of carriers. Complex data came in fast and furiously, about shipments, shippers, facilities, carriers, trucks, contracts and prices. While the company had the modern data stack, using the latest and greatest technologies, no one had any trust in the data — there were constant data quality issues, outages for valuable models, and billions of rows of data could not be used. “When our data science team and the analytics team were trying to understand even simple questions like ‘How many shipments did we do over the past 30 days?’, all of that complexity made it almost impossible to answer that question,” Sanderson said. “And it was the same problem in machine learning — the models were very, very sensitive and the data scientist needed to figure out exactly what data from this very complex system needed to go into that model. When the data quality was wrong, when something suddenly changed, all these sensitive models started to break down, and all the predictions that they made turned out to be wrong.” Ultimately, he explained, the problem was the communication gap between software engineers and ML developers. “Once we helped bridge that gap, we saw the improvement of data quality exponentially almost immediately,” he said. In order to scale AI, solving communication problems around changes to data is essential, Sanderson emphasized. “If you don’t have a change management system for your data, you will not be able to scale AI — you just can’t,” he explained. “The way the Googles and Metas and Amazons solved this problem is throwing bodies at the problem. When a new machine learning model is shipped, there need to be two, three, four data engineers in the room.” But at a company like Convoy, he explained, “we didn’t have the ability to do that. Our data engineering team was six people.” A new part of the data stack Gable.ai’s data contracts are an entirely new category Gable.ai has been able to establish as an emerging data primitive — that is, a basic data type. In the last few months, Sanderson has built the “ Data Quality Camp ,” a Slack community of 8,000+ engaged data practitioners around these new concepts. These concepts are meant to mark a significant step towards reshaping the data landscape, becoming a new part of a company’s data stack, said Apoorva Pandhi, managing director at Zetta Venture Partners, which led the funding round. “All the founders of successful data companies, whether it’s dbt Labs, Monte Carlo, Hex, Kaggle, Hightouch, Great Expectations, they’ve all invested in the company and endorsed the fact that this is an integral part of the data stack,” he said. VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Discover our Briefings. VB Transform On-Demand Library Were you unable to attend our live event in SF? Check out all of the summit sessions in our on-demand library now!

Convoy Frequently Asked Questions (FAQ)

  • When was Convoy founded?

    Convoy was founded in 2015.

  • Where is Convoy's headquarters?

    Convoy's headquarters is located at 1700 7th Avenue, Seattle.

  • What is Convoy's latest funding round?

    Convoy's latest funding round is Line of Credit.

  • How much did Convoy raise?

    Convoy raised a total of $1.085B.

  • Who are the investors of Convoy?

    Investors of Convoy include Greylock Partners, Marc Benioff, Hadi Partovi, Ali Partovi, Lone Pine Capital and 44 more.

  • Who are Convoy's competitors?

    Competitors of Convoy include LetsTransport, Transfix, Zuum Transportation, Raaho, Freightos, Kargo, Rivigo, Flexport, TruKKer, Leaf Logistics and 27 more.

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Trusted by the world's smartest companies to:
  • Predict emerging trends
  • See competitors' playbooks
  • Stalk the smart money
  • Identify tomorrow's challengers
  • Spot growing industries
  • Kill analyst data work
Let's see how we can help you!
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Compare Convoy to Competitors

NEXT Trucking Logo
NEXT Trucking

Next Trucking is an online trucking marketplace designed for shippers and truckers. Through its app, Next Trucking makes it easier for drivers to find and book loads.

CargoX Logo
CargoX

CargoX develops a web and mobile-based marketplace connecting the trucking industry. It acts as a broker, matching freight with trucks through geo-localisation technology. It is used by transportation companies and truck drivers to find available freight trucks. It enables truck owners and operators to make use of excess capacity and avoid empty return trips. The company was founded in 2013 and is based in Sao Paulo, Brazil.

Loadsmart Logo
Loadsmart

Loadsmart offers a digital freight brokerage solution specializing in full truckload shipping. It uses data and machine learning to build artificial intelligence (AI) processes into the complex freight brokerage cycle, allowing shippers to book a truckload in seconds and provide instant and targeted loads to carriers. It was formerly known as Disruptive Logistics. The company was founded in 2014 and is based in Chicago, Illinois.

Flock Freight Logo
Flock Freight

Flock Freight provides a freight carrier network. The company utilizes technology to pool multiple shipments into one truckload. Flock Freight was formerly known as AuptiX. The company was founded in 2015 and is based in Encinitas, California.

BlackBuck Logo
BlackBuck

BlackBuck offers business-to-business (B2B) technology logistics solutions. It brings together truckers, shippers, and fleet operators through an online marketplace to facilitate inter-city freight transportation. The company was founded in 2015 and is based in Bengaluru, India.

OnTruck Logo
OnTruck

OnTruck develops an on-demand logistics platform connecting businesses directly with road freight carriers. The platform gives any company access to a freight delivery network to schedule shipments as needed. It facilitates the automation of cargo and price management for speedier shipments and real-time global positioning system (GPS) tracking. It was founded in 2016 and is based in Madrid, Spain.

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