NEW DELHI: FarEye, a logistics SaaS (software-as-a-service) platform, announced a Series D investment of $25 million led by M12 (Microsoft’s venture fund), Eight Roads Ventures and Honeywell Ventures.
Existing investor SAIF Partners also participated in the round. The company said it will use the funds to invest in the platform’s predictive capabilities and accelerate growth in Europe, Asia Pacific and the US.
The funding comes at a time when supply chains and logistics networks have been strained by demands caused due to the covid-19 pandemic.
Founded in 2013 by Kushal Nahata, Gaurav Srivastava and Gautam Kumar, FarEye’s predictive logistics platform enables enterprises to orchestrate, track, and optimize their logistics operations.