Founded Year

2013

Stage

Series E | Alive

Total Raised

$150.9M

Last Raised

$100M | 1 yr ago

About FarEye

FarEye is a machine-learning-based predictive logistics platform for businesses to execute, track, collaborate, predict and optimize the movement of goods. The platform empowers companies with efficiency and operational intelligence to achieve growth, happier customers and higher margins.

FarEye Headquarter Location

Lotus Business Park 5th Floor, Plot No. 8, Tower B, Sec-127

Noida, 201301,

India

315-633-3329

FarEye's Product Videos

ESPs containing FarEye

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

EXECUTION STRENGTHMARKET STRENGTHLEADERHIGHFLIEROUTPERFORMERCHALLENGER
Consumer & Retail / E-Commerce

These companies provide delivery management platforms that unify fulfillment and delivery models, allowing retailers to track how an item is ordered, where inventory is located, and how the order will be fulfilled from a single location. Ultimately, this real-time data around shipment tracking and visibility helps retailers make decisions and respond to disruption.

FarEye named as Leader among 13 other companies, including Bringg, Onfleet, and Locus.

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FarEye's Products & Differentiation

See FarEye's products and how their products differentiate from alternatives and competitors

  • Intelligent Delivery Orchestration

    IDO helps shippers and logistics service providers plan and execute (orchestrate) their last mile deliveries in most efficient manner using advanced proprietary AI-powered routing algorithms, driver application, tasks allocation, scheduling delivery capabilities, cross-docking, carrier selection, etc.

    Differentiation

    AI-powered geo-coding, address correction, machine learned routes for better routing and loop optimisation have led to saving of 60 million miles in the last year across all our enterprise clients, … 

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    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

  • Subscribe to see more

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

    Differentiation

    We're on a mission to enable every organization to make smarter decisions about tech. Whether it's finding a new game-changing vendor or understanding a new market, it's easier, faster and smarter with CB Insights. All made possible by the smartest, hardest-working team in tech. Subscribe to see more.

Research containing FarEye

Get data-driven expert analysis from the CB Insights Intelligence Unit.

CB Insights Intelligence Analysts have mentioned FarEye in 4 CB Insights research briefs, most recently on Mar 15, 2022.

Expert Collections containing FarEye

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

FarEye is included in 4 Expert Collections, including HR Tech.

H

HR Tech

4,016 items

HR tech startups are helping companies manage critical pain points in HR processes such as recruitment, automation, career development, compensation, and benefits management, through a mix of software and services.

S

Supply Chain & Logistics Tech

3,926 items

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

A

Artificial Intelligence

8,694 items

This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.

R

Retail Tech 100

200 items

The winners of the 2020 CB Insights Retail Tech 100, published December 2020.

Latest FarEye News

Report: Delivery expectations intensify

May 4, 2022

May 4, 2022 Logistics industry research continues to show a shift in consumer buying habits over the past two years, with a greater reliance on online shopping and home delivery services, even as pandemic-related restrictions disappear. The trend is forcing retailers to find ways to improve last-mile logistics, according to supply chain technology firm FarEye, which provides a software-as-a-service (SaaS) platform for delivery management. The company surveyed 1,000 U.S. consumers in March and found that 39% said they would not give retailers a second chance after a poor delivery experience. Nearly 37% said they changed their opinion of a brand following a bad delivery experience. “At-home deliveries are the new competitive battlefield for brands and retailers. As e-commerce continues to boom, customers are mandating the buying experience includes superior at-home deliveries,” Judd Marcello, chief marketing officer for FarEye, said in a press release announcing the survey results. “Our survey emphasized the need for retailers to see deliveries as a key differentiator in their offering and critical to creating satisfied, loyal customers.” The survey identified a range of e-commerce related trends and their effects on the supply chain, including a greater reliance on real-time communication. A quarter of survey respondents said they expect access to real-time tracking information and up-to-date order location notifications throughout the order to delivery process, for example. And although 30% of respondents said they expect to do most of their shopping in-person post-pandemic, a considerable number expect to continue shopping from home. Thirty-two percent of respondents said they are doing more online shopping since the spring of 2020, and 65% of online shoppers reported preferring home delivery over in-store pickup, for example. “This indicates a sustained shift [toward] online shopping and at-home delivery versus in-store shopping and pick-up,” according to the research, which also found that consumers are most likely to purchase in-store due to immediacy (40%) and for product testing (37%). “In this environment, brands' definition of the customer experience must expand to include in-store, online and at home,” Marcello also said. “As customers weigh whether or not to return to stores amid lifting pandemic restrictions, it is becoming even more important for e-tailers to recreate the in-person experience virtually and through stand-out deliveries.”

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