FarEye

FarEye is an "intelligent delivery management platform" providing the "holistic delivery experience" for carriers, shippers and end customers.[1][2][3] The organization was founded with the objective to introduce artificial intelligence, machine learning and automation to delivery processes across retailers, manufacturers, food and grocery and third-party logistics/transportation enterprises.[4][5]

FarEye
FarEye
Headquarters
Noida
Key people
Gaurav Srivastava
Gautam Kumar
Kushal Nahata
Websitewww.getfareye.com

History and Description

FarEye was founded in 2013 by Kushal Nahata,[6] Gaurav Srivastava[7] and Gautam Kumar.[8][9] FarEye is headquartered in Noida with its offices in Chicago, London, Dubai, Noida and Singapore.[10] In 2014, FarEye raised $317K from Indian Angel Network in a Series A round of funding.[11][12][13][14] In January 2016, FarEye raised $3.1M Series B funding from Elevation Capital.[14][15][16] In 2017, FarEye won World Post and Parcel award.[17][18][19][20][21][22][23]

In 2018, FarEye acquired freight logistics marketplace Dipper Technologies in a cash and stock transaction.[24][25][26][27] During this time, FarEye was recognized in Gartner’s Market Guide for Real-Time Transportation Visibility Providers.[28][29][30] In 2019, FarEye partnered with Zalora to enhance the customer shopping experience.[31][32] In January 2020, Hindustan Zinc (HZL) partnered with FarEye to build the logistics industry’s 1st Digital Control Tower.[33] FarEye added $37.5 million in Series D funding in 2020 from M12 (Microsoft's Venture Fund), Eight Roads Ventures, Honeywell Ventures, Elevation Capital, Fundamentum Partnership and KB Investment Group.[2][34][35][36] In the same year, Ex-Blue Yonder executive Amit Bagga was appointed as chief revenue officer of FarEye.[37][38][39][40][41][42] In January 2021, FarEye announced Employee Stock Ownership Program liquidity program.[43][44][45] The program included the distribution of $739K to liquidate eligible ESOP options.[46][47] In February 2021, former Dropbox executive Suvrat Joshi was appointed as chief product officer of FarEye.[48] A month later in March 2021, FarEye acquired the logistics technology startup PY Technologies.[49] PY technologies,[50] earlier known as PRTouch, was founded by Jignesh Vasani in 2012. He joined FarEye as vice-president.[51][52] In May 2021, FarEye raised $100 million in its Series E round, which was co-led by TCV and Dragoneer Investment Group.[53][54][55] Existing investors M12, Eight Roads Ventures, Fundamentum, and Honeywell also participated in the round.[55][56] In June 2021, FarEye partnered with Drone Express, a commercial drone delivery service and a division of TELEGRID Technologies to power autonomous drone deliveries for retailers in the United States[57][58][59] In early September 2021, FarEye announced that its intelligent delivery management platform to be available on SAP Store.[60][61]

References
  1. Jejani, Abhishek (2016-07-03). "Managing delivery more efficiently". Business Standard India. Retrieved 2021-10-04.
  2. "India's FarEye raises $25M to grow its logistics SaaS startup in international markets". TechCrunch. Retrieved 2021-10-04.
  3. Banker, Steve. "Effective Multi-Tier Supplier Collaboration Is Critical". Forbes. Retrieved 2021-10-04.
  4. Rebello, Maleeva. "Pandemic helped FarEye COO reignite his love for cooking". The Economic Times. Retrieved 2021-10-04.
  5. "AI In Logistics: Where's My Order?". Forbes India. Retrieved 2021-10-04.
  6. Narayanan, Chitra. "'One needs consistency to achieve one's aims'". @businessline. Retrieved 2021-10-04.
  7. Bhalla, Tarush (2021-08-10). "Credgenics raises $25 million in Series A funding at over $100 million valuation". mint. Retrieved 2021-10-04.
  8. D'Mello, Sandhya. "FarEye to drive deliveries with autonomous vehicles, drones, says CEO Nahata". Khaleej Times. Retrieved 2021-10-04.
  9. "One year after George Floyd, what's changed in Chicago tech?". www.bizjournals.com. Retrieved 2021-10-04.
  10. "FarEye - About Us". www.getfareye.com. Retrieved 2021-10-04.
  11. "Indian Angel Network plans to invest over Rs 100 cr in start-ups in 2021". Business Standard India. Press Trust of India. 2021-02-15. Retrieved 2021-10-04.
  12. "INDIAN ANGEL NETWORK INVESTS IN FAREYE" (PDF).
  13. "SAIF bet: FarEye raises US$3.5M Series A to introduce drones-based delivery to India". sg.news.yahoo.com. Retrieved 2021-10-04.
  14. Behera, Nirmalya (2016-06-29). "FarEye raises $3.5 mn from Saif Partners". Business Standard India. Retrieved 2021-10-04.
  15. "FarEye raises $ 3.5 mn from SAIF Partners". The Financial Express. 2016-06-23. Retrieved 2021-10-04.
  16. "Logistics management startup FarEye raises $3.5 mn from SAIF Partners". VCCircle. 2016-06-23. Retrieved 2021-10-04.
  17. Jun 8, Ranjani Ayyar / TNN /; 2017; Ist, 18:43. "FarEye receives top honours in World Post & Parcel Awards 2017 - Times of India". The Times of India. Retrieved 2021-10-04.CS1 maint: numeric names: authors list (link)
  18. "Shortlist Announced for the World Post & Parcel Awards 2020". The World Post & Parcel Awards. 2020-04-30. Retrieved 2021-10-04.
  19. Chain, Transportation | Logistics | Aviation News | Shipping | Warehousing | Supply. "Blue Dart partners with FarEye to enhance its customer experience | Logistics". www.itln.in. Retrieved 2021-10-04.
  20. "FarEye logistics platform bags Amway India contract". India Education | Latest Education News | Global Educational News | Recent Educational News. 2017-02-21. Retrieved 2021-10-04.
  21. "FarEye announces European launch of 'Drop&Pick' platform, DHL among customers | Technology". Supply Chain Digital. Retrieved 2021-10-04.
  22. "Logistics Startup FarEye Picks Up $9.5 Mn Series C Funding From Deutsche Post DHL Group". Inc42 Media. 2018-02-06. Retrieved 2021-10-04.
  23. "Material Handling Focus: Pressure grows in the e-com last mile". Logistics MiddleEast.
  24. "Microsoft Ventures, Honeywell In Talks To Invest $40 Million In Software Startup FarEye". Moneycontrol. Retrieved 2021-10-04.
  25. Bureau, BW Online. "FarEye Acquires Dipper an IoT Platform for Visibility Management in Freight Movement". BW Disrupt. Retrieved 2021-10-04.
  26. "Logistics Player FarEye Acquires Dipper To Create Digital Freight Ecosystem". Inc42 Media. 2018-11-14. Retrieved 2021-10-04.
  27. Sriram, M. (2018-11-14). "Logistics firm FarEye buys Dipper Technologies". mint. Retrieved 2021-10-04.
  28. "Gartner Mentions FarEye in Gartner's Market Guide for Vehicle Routing & Scheduling". India Education | Latest Education News | Global Educational News | Recent Educational News. 2020-07-08. Retrieved 2021-10-04.
  29. "FarEye & Blue Yonder Collaborating To Improve Logistics | Digital Supply Chain". Supply Chain Digital. Retrieved 2021-10-04.
  30. "FarEye Recognitions By Gartner". www.getfareye.com. Retrieved 2021-10-04.
  31. "FarEye Announces First ESOP Liquidity Program for Employees". BW people. Retrieved 2021-10-04.
  32. www.ETCIO.com. "JK Lakshmi Cement improves operational visibility using IoT and AI - ET CIO". ETCIO.com. Retrieved 2021-10-04.
  33. ANI (2020-01-16). "Hindustan Zinc Ltd. partners with FarEye to build industry's first Digital Control Tower". Business Standard India. Retrieved 2021-10-04.
  34. Mathur, Nandita (2020-04-15). "FarEye raises $25 million in Series D led by Microsoft's venture fund". mint. Retrieved 2021-10-04.
  35. Chengappa, Sangeetha. "FarEye raises $25 million in Series D". @businessline. Retrieved 2021-10-04.
  36. "FarEye raises $25 million in Series D funding". The Economic Times. Retrieved 2021-10-04.
  37. "FarEye Appoints Amit Bagga As Chief Revenue Officer". BW people. Retrieved 2021-10-04.
  38. Sarkar, Brinda. "FarEye brings on board new chief revenue officer". The Economic Times. Retrieved 2021-10-04.
  39. Mathur, Nandita (2020-08-21). "FarEye raises $13 million led by Nilekani's VC fund". mint. Retrieved 2021-10-04.
  40. "FarEye raises additional $13 million to drive growth". @businessline. Retrieved 2021-10-04.
  41. Ndichu, David (2020-08-24). "Digital logistics firm FarEye raises $13m in new funding". Gulf Business. Retrieved 2021-10-04.
  42. "FarEye raises $37.5 million in Series D funding to expand its delivery logistics platform". www.cnbctv18.com. 2020-08-21. Retrieved 2021-10-04.
  43. Sarkar, Brinda. "FarEye announces first ever Esop liquidity programme". The Economic Times. Retrieved 2021-10-04.
  44. "FarEye Announces First-ever ESOP Liquidity Programme, To Distribute $739,000 To Employees". Moneycontrol. Retrieved 2021-10-04.
  45. Sarkar, Brinda. "FarEye announces first ever Esop liquidity programme". The Economic Times. Retrieved 2021-10-04.
  46. Mathur, Nandita (2021-01-07). "FarEye announces Esop liquidity program". mint. Retrieved 2021-10-04.
  47. "Sharechat's ESOP buyback; BharatPe said to be raising $250 mn; Wipro offers pay hikes; and Kushal Nahata on FarEye's plans ahead". Forbes India. Retrieved 2021-10-04.
  48. Sarkar, Brinda. "FarEye brings on board Dropbox's Suvrat Joshi as chief product officer". The Economic Times. Retrieved 2021-10-04.
  49. Mathur, Nandita (2021-03-05). "FarEye acqui-hires logistics technology startup PY Technology". mint. Retrieved 2021-10-04.
  50. "FarEye acqui-hires PY Technology". @businessline. Retrieved 2021-10-04.
  51. www.ETHRWorld.com. "FarEye hires talent pool of startup PY Technology, appoints Jignesh Vasani as VP - ETHRWorld". ETHRWorld.com. Retrieved 2021-10-04.
  52. IANS. "FarEye acqui-hires logistics tech start-up PY Technology". Telangana Today. Retrieved 2021-10-04.
  53. "Indian logistics SaaS startup FarEye raises $100 million". TechCrunch. Retrieved 2021-10-04.
  54. "FarEye raises $100 m in Series E funding". @businessline. Retrieved 2021-10-04.
  55. Nandy, Madhurima (2021-05-25). "FarEye raises $100 mn led by TCV and Dragoneer". mint. Retrieved 2021-10-04.
  56. "FarEye announces $100 million Series E round led by TCV and Dragoneer". www.cnbctv18.com. 2021-05-25. Retrieved 2021-10-04.
  57. Service, TLME News. "Drone Express and FarEye to Launch Intelligent Drone Deliveries in USA". Transport and Logistics ME. Retrieved 2021-10-04.
  58. Staff, Robotics 24/7. "Drone Express and FarEye Partner to Launch Autonomous Drone Deliveries for U.S. Retailers". Robotics 24/7. Retrieved 2021-10-04.
  59. Staff, Times of Startups (2021-06-11). "Drone Express Partners with FarEye To Launch Intelligent Drone Deliveries in the United States". Times of Startups. Retrieved 2021-10-04.
  60. "FarEye's Intelligent Delivery Management Platform Now Available on SAP Store | Southern Illinois". spotonillinois.com. Retrieved 2021-10-04.
  61. "FarEye's Intelligent Delivery Management Platform Now Available on SAP® Store – Newzz". Retrieved 2021-10-04.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.