Wakeo, a Paris, France-based global leader in real-time visibility for overseas transport, raised $11M USD in Series A funding.
Backers included 360 Capital and Promus Ventures, through its Orbital Ventures fund.
The company intends to use the new to further invest in their ETA calculation models, continue to develop more added-value features, and accelerate international growth.
Led by co-founder and CEO Julien Cote, Wakeo leverages a worldwide network of hundreds of sources including shipping lines, airlines, carriers, ERP, TMS, as well as satellites, terminals, or IoT devices to provide real-time visibility for overseas transport. The platform integrates a data engine crossing those multiple data sources, powered by AI algorithms, to provide intelligent ETAs that anticipate disruptions and deliver customers’ promises.
Current clients include global leaders in various industries, including Uniqlo, Faurecia, Air Liquide, B. Braun, and Clasquin.
The new round takes Wakeo’s total funding to $13M USD following earlier investments from Techstars, 50 Partners, and other notable business angels – including the former CEO of Bolloré Logistics.