Far Eye, logistics SaaS platform has raised $25 million lead by M12 (Microsoft’s venture fund), Eight Roads Venture, Honeywell Ventures. Existing Investor SAIF Partners also participated in this round.
Far Eye is having a footprint across 20 countries with some of the major clients in different verticals DHL, Amway, Johnson & Johnson, Walmart.
According to Kushal Nahata – CEO, Company Machine learning-based platform has helped global enterprises shrink delivery time by up to 27%, increase courier productivity by up to 15%, eliminate risks by up to 57% and achieve operational excellence.
FarEye claims they handle more than 10 million transactions every day across the globe on their platform with better decision-making ability with the help of machine learning.
“FarEye stands out amongst other supply chain solutions for its orchestration and predictive intelligence capabilities, which equip enterprise customers to respond quickly and strategically in dynamic business environments,” said Abhi Kumar, M12 India Head.
Far Eye is backed by SAIF Partners, Deutsche Post, M12, and raised more than $37.8 million funding since launch and acquired one startup Dipper.