Locus
Founded Year
2015Stage
Series C | AliveTotal Raised
$79MLast Raised
$50M | 2 yrs agoRevenue
$0000About Locus
Locus delivers a dispatch management technology platform automating human decisions in the supply chain. The platform uses proprietary algorithms to offer logistics solutions like route optimization, real-time tracking, insights, analytics beat optimization, efficient warehouse management, vehicle allocation, and more. It also helps companies optimize their end-to-end supply chain network with strategic consulting. The platform was founded in 2015 and is based in Milpitas, California.
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ESPs containing Locus
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The supply chain network design market offers solutions that enable companies to optimize their supply chain operations. This includes identifying the most efficient transportation routes, determining optimal inventory levels, and designing distribution networks. By utilizing these solutions, companies can reduce costs, improve delivery times, and enhance overall customer satisfaction. The market …
Locus named as Challenger among 6 other companies, including RELEX, Coupa, and Cardinal Operations.
Locus's Products & Differentiators
Locus DispatchIQ™
Locus DispatchIQ™ sits on top of a conventional supply chain solution to supercharge operations by bringing in dynamic delivery planning, leveraging the powers of artificial intelligence and machine learning across each step of the process. DispatchIQ™ is an end-to-end intelligence solution that powers real-world decision-making right from cleansing addresses, maintaining master data, generating and editing routes, and dispatching the fleet on-ground.
Research containing Locus
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Locus in 6 CB Insights research briefs, most recently on Nov 3, 2022.
Expert Collections containing Locus
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Locus is included in 2 Expert Collections, including Supply Chain & Logistics Tech.
Supply Chain & Logistics Tech
6,192 items
Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).
Advanced Manufacturing
4,348 items
Companies in the advanced manufacturing tech space, including companies focusing on technologies across R&D, mass production, or sustainability
Locus Patents
Locus has filed 175 patents.
The 3 most popular patent topics include:
- Microbiology
- Petroleum production
- Waste treatment technology
Application Date | Grant Date | Title | Related Topics | Status |
|---|---|---|---|---|
9/8/2017 | 9/19/2023 | Herbicides, Fungal plant pathogens and diseases, Biological pest control wasps, Acetylcholinesterase inhibitors, Agricultural pest insects | Grant |
Application Date | 9/8/2017 |
|---|---|
Grant Date | 9/19/2023 |
Title | |
Related Topics | Herbicides, Fungal plant pathogens and diseases, Biological pest control wasps, Acetylcholinesterase inhibitors, Agricultural pest insects |
Status | Grant |
Latest Locus News
May 4, 2023
These enhancements are purpose-built to address industry-specific pain points & unlock greater opportunities in customers’ last-mile operations. Locus a global last-mile logistics technology company announced industry-specific brand new enhancements of its order-to-delivery Last Mile Logistics platform for its growing retail, 3PL, and CEP customer bases. These new features serve to help businesses seamlessly manage all stages of their last-mile operations. For retail and e-commerce, Locus introduces Delivery Linked Checkout, enabling flexible and convenient delivery options, and advanced routing for seamless returns, whereas ShipFlex automates carrier workflows for optimal pricing and end-to-end visibility across fleets. Cross-fleet Utilization allows efficient fulfillment, while Dark Store Optimization allows retailers to centralize dark store, in-store, and FC fulfillment on a single platform. To support 3PLs and CEPs, Locus offers Daily Dynamic Optimization for route and capacity allocation, and Dynamic Zone Planning for custom zone clusters. Automated Parcel Sorting ensures the accurate dispatch of orders in minimal time, and Transporter Management brings all transporters onto a single platform for easy order assignment. “Thanks to Locus’s real-world ready dispatch management platform, we’ve improved our order visibility, optimized our delivery routes, enhanced our communication with rider personnel, and increased our on-time delivery performance, consequently increasing our customer satisfaction in Mexico’s competitive e-commerce market. Locus also helped us scale our business consistently and build brand loyalty,” said Juan Pablo Diaz Rodriguez, Head of Last Mile of Jüsto. “We’re constantly evolving alongside our customers in ways that give them a competitive edge and the latest updates to our platform are in direct response to their everyday needs,” said Nishith Rastogi, CEO of Locus. “Our solutions have already reduced dispatch planning time by 75%, minimized sorting time by 60%, and slashed 25% in operational costs for both industries, and we still see many opportunities ahead.”
Locus Frequently Asked Questions (FAQ)
When was Locus founded?
Locus was founded in 2015.
Where is Locus's headquarters?
Locus's headquarters is located at 691 South Milpitas Boulevard, Milpitas.
What is Locus's latest funding round?
Locus's latest funding round is Series C.
How much did Locus raise?
Locus raised a total of $79M.
Who are the investors of Locus?
Investors of Locus include Alpha Wave Global, Tiger Global Management, Kunal Shah, Amrish Rau, Qualcomm Ventures and 20 more.
Who are Locus's competitors?
Competitors of Locus include OPTIMIND, Rivigo, Kardinal, Optiyol, Fleetroot, HyperTrack, Shipsy, Xpressbees, SimpliRoute, Dista and 23 more.
What products does Locus offer?
Locus's products include Locus DispatchIQ™ and 4 more.
Who are Locus's customers?
Customers of Locus include ['Unknown'], Bukalapak, Tata Starquik and BlueDart.
- Predict emerging trends
- See competitors' playbooks
- Stalk the smart money
- Identify tomorrow's challengers
- Spot growing industries
- Kill analyst data work
Compare Locus to Competitors
LogiNext is a global technology firm. It offers a software-as-a-service (SaaS)-based delivery automation platform and helps brands across food and beverage, courier, express and parcel, and more to digitize, optimize and automate deliveries across the supply chain. It was founded in 2015 and is based in Jersey City, New Jersey.
Wise Systems develops autonomous dispatching and routing software. The software schedules, monitors, and adjusts routes considering multiple variables and constraints and helps fleet managers optimize transportation operations and make deliveries. It was founded in 2014 and is based in Cambridge, Massachusetts.
DispatchTrack provides a comprehensive platform that allows businesses across a wide range of industries (retailers, wholesalers, grocers, restaurants, food and beverage distributors, field service businesses, third-party logistics (3PL) companies and others) to provide a better last-mile delivery experience. The platform enables end-to-end visibility and real-time coordination across online and physical storefronts, warehouses, drivers and end-customers. It includes solutions such as capacity-aware self-scheduling tools, enterprise-grade route optimization, automated customer communication and appointment confirmation, dynamic ETA tracking links, mobile apps for change of custody and proof-of-delivery, billing and settlement for delivery service providers and merchants, and real-time visibility for merchants across their network of carriers and drivers.
Bringg develops last mile delivery management platform. The company's cloud platform connects, automates, and orchestrates supply chain technology, people, and providers, making delivery and fulfillment models accessible to everyone. It was founded in 2013 and is based in Tel Aviv, Israel.
FarEye delivers a machine-learning-based predictive logistics platform. It executes, tracks, collaborates, predicts, and optimizes the movement of goods. It empowers companies with operational intelligence to achieve growth, consumer loyalty, and higher margins. The company was founded in 2013 and is based in Noida, India.
OptimoRoute is an online route and schedule planner for delivery route planning and field service scheduling. Using OptimoRoute, companies can automate efficiency for their entire fleet. It will suggest which driver or technician should serve which orders on the basis of the road network and all logistical constraints. OptimoRoute will suggest the optimal multi-stop route in order to save time and fuel. Real travel times and distances are used, so the generated schedules are accurate and provide real savings. The smartest stop sequence minimizes the driving distances and time-based costs while meeting all customer's expectations and logistic constraints.
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