StageSeries E | Alive
Last Raised$100M | 2 yrs ago
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'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.
The delivery management software market is a highly competitive space that addresses the challenges faced by businesses in managing their delivery operations. Vendors in this space are offer advanced solutions that enable businesses to track every driver and delivery person in real-time, optimize routes, and digitize and automate their delivery management processes. These solutions help businesses…
FarEye named as Leader among 15 other companies, including Bringg, Onfleet, and Narvar.
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FarEye's Products & Differentiators
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.
Research containing FarEye
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CB Insights Intelligence Analysts have mentioned FarEye in 5 CB Insights research briefs, most recently on Apr 25, 2023.
Dec 3, 2020 reportRetail Tech 100 of 2020: The tech innovators transforming retail
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.
Supply Chain & Logistics Tech
Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).
This collection includes startups selling AI SaaS, using AI algorithms to develop their core products, and those developing hardware to support AI workloads.
Retail Tech 100
The winners of the 2020 CB Insights Retail Tech 100, published December 2020.
Latest FarEye News
May 12, 2023
Grow is a cutting-edge self-serve merchant portal designed to revolutionize the way logistics companies manage their operations and accelerate customer acquisition FarEye announced Grow, a solution for logistic companies to provide a modern-age experience to its customers. With a user-friendly interface, frictionless onboarding, automated booking, and seamless payments integration, Grow is set to empower logistics businesses to accelerate customer acquisition, improve customer satisfaction, and drive growth. “We are thrilled to launch Grow, which we believe will become an indispensable tool for logistics companies seeking to acquire new retailers and stay ahead of the competition” With the parcel delivery market projected to hit $200 billion by 2026 and over tens of millions of shippers worldwide, it’s clear that logistic companies have an unprecedented opportunity for growth. Every retailer and e-commerce company wants to offer home delivery but continues to struggle to find the right, modern-age logistics partner and are stuck with legacy ways of home delivery. Grow enables logistics companies to address this demand-supply gap. “We are thrilled to launch Grow, which we believe will become an indispensable tool for logistics companies seeking to acquire new retailers and stay ahead of the competition,” said Kushal Nahata , CEO of FarEye. “Our team has worked tirelessly to create a platform that unlocks the potential of thousands of logistic companies, and we are confident that Grow will transform the way logistics businesses interact with their customers and manage their day-to-day operations.” FarEye Grow is an easy way for merchants to self-serve, get quotes, create orders, generate labels, and manage transactions. It also offers shipment-level visibility and in-built exception management, enabling retailers and shippers to save time and effort, leading to increased customer satisfaction. In addition, automated invoice generation and payments with digital wallet capabilities allow logistic companies to reduce payment delays and improve cash flow. Grow is equipped with built-in plug-ins with major e-commerce platforms like Shopify and BigCommerce, allowing shippers to connect and start delivering quickly. FarEye Grow is a part of the FarEye product portfolio that supports companies through the complete order-to-door delivery journey. It has products like Ship, Track, Route, Execute, Experience, Analyze, and now, Grow, which offers the following key benefits: Personalized portal for easy onboarding: Allows self-onboarding and complete order entry, get quotes, generate labels, real-time status updates, and proof of delivery on one platform. Track and trace visibility: Provides real-time track and trace visibility and address validation to merchants for booked orders. Scale with your merchants: Track merchants’ growth, run campaigns based on orders and transactions, and make recommendations for merchants to transact more for revenue and business growth. Booking order transparency: Self-service merchant order booking directly from the platform, this helps CEPs track revenue and reduce lost revenue. Digital wallet management: Offer customers purchase credit for their shipping needs. Provide complete visibility into all transactions, book and pay for shipments by multiple payment modes, including directly by wallet. FarEye’s Grow is the ultimate customer portal for CEP companies looking to streamline shipping operations, expand their customer network, and achieve sustainable growth in today’s competitive industry. To learn more about the portal and how it can benefit your business, visit the FarEye website today.
FarEye Frequently Asked Questions (FAQ)
When was FarEye founded?
FarEye was founded in 2013.
Where is FarEye's headquarters?
FarEye's headquarters is located at Lotus Business Park, Noida.
What is FarEye's latest funding round?
FarEye's latest funding round is Series E.
How much did FarEye raise?
FarEye raised a total of $150.9M.
Who are the investors of FarEye?
Investors of FarEye include Fundamentum, Honeywell Ventures, Eight Roads Ventures, Technology Crossover Ventures, Dragoneer Investment Group and 10 more.
Who are FarEye's competitors?
Competitors of FarEye include Project44, FourKites, Optiyol, Bringoz Technologies, Shipsy and 15 more.
What products does FarEye offer?
FarEye's products include Intelligent Delivery Orchestration and 2 more.
Compare FarEye to Competitors
Locus delivers a dispatch management tech platform automating human decisions in the supply chain. The platform uses proprietary algorithms to offer smart logistics solutions like route optimization, real-time tracking, insights, and analytics beat optimization, efficient warehouse management, vehicle allocation, and utilization. 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.
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.
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.
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 and valuable to everyone. It was founded in 2013 and is based in Tel Aviv, Israel.
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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