FourKites is a supply‑chain visibility platform that extends visibility beyond transportation into yards, warehouses, stores and beyond, using real‑time data and machine learning. The platform tracks more than 2.8 million shipments daily across road, rail, ocean, air, parcel and courier and reaches over 200 countries and territories. More than 1,100 global brands — including 9 of the top‑10 CPG and 18 of the top‑20 food and beverage companies — use FourKites. The company is pursuing rapid expansion in the APAC region, where it currently tracks shipments in 44 countries and territories and has seen significant recent growth. Over the last 12 months in APAC FourKites reported 240% growth in shipments tracked, 91% growth in new APAC customers, 70% growth in carriers tracking loads, 30% growth in ports tracked (now 270) and 315% growth in facilities tracked (now 7,000). To support regional growth FourKites plans to hyper‑localise its solution with investments in sales, customer service, operations and product localisation, initially focusing on Japan and then expanding throughout APAC. FourKites operates a supply-chain visibility platform that tracks and helps manage freight across road, rail, ocean, air and parcel. The company has grown its network to over 450,000 couriers and serves hundreds of corporate clients, historically including Coca-Cola, AB InBev and Walmart. Its core product integrates carrier data and acquired technologies; FourKites acquired Haven in April 2021 to add document-management capabilities and built a product called Dynamic Ocean. Leadership said some acquired software modules proved “highly unprofitable,” prompting the company to sunset Haven and concentrate integrations into a single global platform. In early August FourKites cut about 8% of its workforce—roughly 60 employees—mostly from acquired platforms such as TrackX. CEO Matt Elenjickal cited macroeconomic pressures and said the company is focusing on a path to profitability and shoring up the balance sheet over the next 18–24 months. FourKites provides a real-time supply chain visibility platform that automates the collection of complex, disparate transportation data and converts it into predictive insights using proprietary software and data algorithms. Its platform extends visibility beyond transportation into yards, warehouses, stores and other nodes, and it tracks more than 1 million shipments daily across road, rail, ocean, air, parcel and courier. FourKites reports over 400,000 connected carriers across 176 countries and is trusted by more than 500 major brands, including Walmart Canada, Dow, Eastman Chemical, Meijer, PetSmart, and The Michaels Companies. Customers use FourKites to reduce operating costs, increase on-time shipping performance, and improve customer service levels. The company is headquartered in Chicago and is pursuing continued product innovation and broader expansion of its visibility scope. FourKites builds freight-tracking software that gathers live location data on shipments from suppliers to retailers and factories, enabling more accurate predictions of when cargo will arrive. Its platform pulls data from suppliers such as Land O’Lakes and is used by customers including Kraft Heinz and Conagra. The company is pursuing expansion beyond trucking and U.S. domestic shipping. Financially, FourKites secured $50 million in new capital less than a year after its previous round. It raised $35 million last February and, per the article, has taken in $100 million since it was founded. The business is headquartered in Chicago and focuses on improving supply-chain visibility and ETA prediction. FourKites provides a predictive supply chain platform that delivers real-time visibility and execution for Fortune 500 companies and third-party logistics firms. Led by founder and CEO Mathew Elenjickal, the platform uses a proprietary algorithm to calculate shipment arrival times, helping customers lower operating costs, improve on-time performance, and strengthen end-customer relationships. The company has a network of more than four million GPS/ELD devices and covers all modes including ocean, rail, parcel and over-the-road. The platform is optimized for mobile. FourKites intends to use the funds for geographic and product expansion. Customers named include Unilever, AB InBev, Best Buy, Conagra Brands, Kraft Heinz, Nestlé, Perdue Foods, Smithfield Foods and US Foods.

Total raised

$239M

Funding rounds

7

Latest round

Equity

Latest activity

Sep 2022