FarEye, a Noida, India-based provider of a SaaS platform for real-time logistics tracking, raised an additional $13m in Series D funding.
The funding, which brought the total amount raised in the round to approx. $38m, was led by The Fundamentum Partnership and KB Global Platform Fund.
They had announced a $25m Series D round in April 2020.
The company intends to use the funds to continue to expand operations and its business reach.
Led by CEO Kushal Nahata, CTO Gaurav Srivastava and COO Gautam Kumar, FarEye provides a machine-learning based predictive logistics platform for businesses to execute, track, collaborate, predict and optimize the movement of goods. The platform is used by global leaders like DHL, Walmart, Amway, Wayfair, Hilti, Tata Steel, Blue Dart and many more. The company today facilitates 10+ million transactions per day across 20+ countries for more than 150+ customers.