Overhaul offers visibility software that uses real-time telemetry, contextual data and AI/ML models to anticipate and mitigate freight shipping delays and cargo-security risks. The platform delivers alerting, performance monitoring and operational tools while ingesting complex in-transit datasets without new architecture. Management says the company will use new capital primarily for R&D and customer acquisition and is focused on capital efficiency. Overhaul reports a customer base of over 350 companies and forecasts $90 million in annual recurring revenue by year-end while targeting profitability in 2023. The company’s workforce exceeds 650 employees following its February acquisition of SensiGuard from Sensitech. The acquisition added customers in tech and pharma and expanded Overhaul’s footprint into Brazil, Mexico and the Czech Republic; the firm positions its risk-management capabilities as a differentiator from other visibility providers. Overhaul is an Austin, TX–based provider of software-based supply-chain visibility, integrity, and security solutions. Its core products include Overhaul Sentinel and TruckShield, the latter a risk-management technology for North American motor carriers that uses existing fleet hardware to identify dangerous or illegal driving practices in real time. The company serves global enterprises across pharmaceutical and healthcare, technology, logistics, and food and beverage, with customers including Microsoft, Bristol Myers Squib, and Gordon Food Service. Overhaul will use the funds to accelerate its roadmap and continue optimizing its current products. The company plans to grow its global team with hires in software development, product, sales, marketing, and talent development across the United States, Mexico, and Ireland. Founded in 2016 and led by CEO Barry Conlon, Overhaul has raised $55M to date. Launched in 2016 by CEO Barry Conlon, Overhaul offers supply chain integrity solutions that aggregate disparate sources of logistics data into a single platform. The platform transforms data into critical insights that can instantly trigger corrective actions affecting temperature control, handling requirements, and package-level tracking. Overhaul’s technology is designed to ensure cargo arrives safely, undamaged, and on time. The company is headquartered in Austin, TX and recently established a European headquarters in Ireland. Overhaul plans to use new funding to bolster product offerings for broader market use, grow its team in North America and Ireland, and expand into other key global markets. To date the company has raised $27.5M in total funding. Overhaul provides visibility and active risk management solutions for shippers of premium cargo, brokerages, and 3PLs. Its core product, Sentinel, integrates data from fleet telematics, cargo sensors, and other monitoring technologies to detect and correct non-compliance behaviors in real time. The company layers a proprietary workflow management mechanism to unify disparate data streams into an actionable interface for logistics, security, and operations users. Overhaul is patent-pending with two U.S. patent applications and has been described by market participants as disruptive. Launched in 2016, the company aims to digitize the supply chain, reduce costs, and improve load safety. The recent financing will accelerate critical device integrations and advance its product roadmap.

Total raised

$130M

Funding rounds

5

Latest round

Debt Financing

Latest activity

May 2024