Matt Elenjickal founds FourKites, pioneering the supply chain visibility category
FourKites raises $100M from industry giants to bring visibility everywhere
When we first pioneered the real-time visibility market in 2014, we had a clear mission: Connect global supply chains with real-time data and powerful machine learning. Now 750+ customers, 450,000+ carriers and trillions of data points later, the growing FourKites network is a testament to the power of data to transform the world’s supply chains.
And now… We are excited to share our expanded vision for automated, interconnected and collaborative supply chains — spanning transportation, warehouses, stores and more — all powered by real-time visibility data.
Welcome to the future of supply chain visibility.
As supply chain leaders aim to bridge siloes between warehousing, distribution and fulfillment operations, it has never been more critical to connect the physical and digital worlds. Integrating real-time visibility with next-generation warehouse management systems will drive better planning, increased asset utilization, labor efficiency gains and more.
Digitization is a key component in shaping the future of transportation. From automation and sustainability to new solutions that increase up-time and predictability, real-time visibility is at the heart of the next wave of digital, collaborative supply chains.
With agility top of mind, today’s business leaders are replacing antiquated, manual workflows with digitization and collaboration. Companies are investing in next-generation automation solutions — powered by real-time visibility — to address labor shortages, heightened customer demands, increasingly complex supply chains and more.
Combining the world’s leading wireless, 5G and IoT innovator with the world’s largest supply chain visibility platform creates massive opportunities for the future of tracking devices and many other innovations that will bring real-time visibility to every aspect of supply chain operations.
Watch our recent roundtable, moderated by Sarah Barnes-Humphrey of Let’s Talk Supply Chain, to learn more about how FourKites plans to collaborate with its strategic investors — Qualcomm Ventures, Volvo Group, Zebra Technologies and Thomas H. Lee Partners — to build the next generation of digital supply chains.
One of our favorite mottos is “Always be innovating.” In 2014, we revolutionized the supply chain industry by introducing real-time visibility, and we haven’t stopped since.
Matt Elenjickal founds FourKites, pioneering the supply chain visibility category
FourKites launches predictive visibility and tracking for full truckload, and signs its first customer: Smithfield!
FourKites introduces its free driver app, CarrierLink®, which supports carriers with ongoing, reliable visibility into brokered loads or assets — without ELD/GPS connectivity
FourKites begins tracking less-than-truckload shipments
FourKites introduces end-to-end temperature tracking, allowing shippers to track the real-time temperature of a shipment throughout its journey
FourKites adds parcel tracking capabilities to its platform
FourKites begins tracking rail shipments
FourKites tracks its first shipments in Europe
FourKites tracks its first ocean shipments
FourKites launches its Advanced Analytics suite, helping users centralize disparate data across their supply chain and turn those insights into actionable strategies to improve performance
FourKites introduces Network Visibility, giving customers unparalleled visibility into their pre-paid and collect inbound freight
FourKites releases Recommendation Engine, which enables users to proactively manage their supply chain with prescriptive recommendations from pickup to delivery
FourKites launches Lane Connect, which analyzes historic lane patterns to identify better asset utilization opportunities for shippers, carriers and brokers
FourKites launches its machine learning-powered Dynamic ETA® algorithm, which analyzes 150+ data points with each geolocation update
FourKites tracks its first loads in Latin America
FourKites launches Smart Forecasted Arrival, which provides predictive ETAs for loads that would otherwise go untracked
FourKites puts out its security and compliance solution, which immediately alerts users if shipments deviate from a designated path, enabling quick recovery
FourKites introduces Appointment Manager, a 24/7 live appointment scheduling platform that leverages Dynamic ETA visibility for flexible, automated calendar management
FourKites release ocean-to-rail tracking, unleashing true end-to-end visibility
FourKites tracks its first loads in Asia-Pacific
FourKites adds air shipment visibility to its platform
FourKites launches Partner Hub, a secure and scalable GPS onboarding platform to help brokers and carriers get up and running with ELDs
FourKites acquires TrackX Holdings Inc.’s yard management solutions, laying the foundation for its next-generation YMS, Dynamic Yard®
FourKites introduces its free Sustainability Dashboard, which analyzes data from shippers, carriers and facilities, and identifies the highest sources of freight-related emissions
FourKites introduces its Live Network Congestion Map to track interstate transit metrics, delays at over 230 ports globally and cross-border freight movements throughout North America, Mexico and Europe
FourKites releases its FourKites Manager App for Retail, which enables retail workers and merchandisers to track last-mile shipments from local warehouses to retail outlets, in order to optimize receiving and restocking
FourKites introduces Dynamic ETA for LTL to help shippers, carriers and 3PLs track less-than-truckload shipments with 6x more ETA accuracy than industry-standard predictions
FourKites introduces its next-generation YMS, Dynamic Yard®, bringing real-time visibility to the yard and leveraging live data to bridge yard operations and transportation for the first time
FourKites introduces multimodal purchase order tracking for all freight, enabling shippers, carriers and receivers to track the full lifecycle of shipments
FourKites tracks its first courier shipments
FourKites releases its enhanced Instant Messenger, centralizing communications between track-and-trace, dispatch, drivers and warehouse personnel that had previously been sent via third-party messaging, email and phone
FourKites acquires Haven, Inc., and introduces Dynamic Ocean℠, the next-generation, end-to-end platform for international ocean shipment visibility
FourKites was awarded a patent for its Smart Forecasted Arrival capabilities, which provide companies with highly frequent and accurate ETAs, even for untrackable loads
FourKites introduces industry-first ETA solution for air freight—Dynamic ETA® for Air—enabling highly accurate ETAs for 100% of air shipments
With a team of 500 global employees and 250+ dedicated engineers and data scientists, we come to work each day energized and ready to tackle our customers’ biggest pain points.
FourKites receives its Seed funding from Hyde Park Ventures, Otter Consulting and an angel investor
FourKites hires its first 5 employees and signs its first truckload visibility customer: Smithfield Foods!
FourKites closes its Series A funding of $13 million, led by Bain Capital Ventures, alongside existing investors Hyde Park Venture Partners, Hyde Park Angels and Otter
FourKites grows to 26 employees in the US and opens its Chennai headquarters with 8 employees
FourKites reaches 75 employees in the US and 50 in Chennai
FourKites raises $35 million Series B funding led by August Capital, with additional funding from Bain Capital Ventures and Hyde Park Venture Partners, reaching 145 US-based employees and 185 in Chennai
FourKites crosses the 300-employee mark, with 140 employees in the US and 165 in Chennai
FourKites signs its $50 million Series C funding, led by August Capital, Bain Capital Ventures, CEAS Investments and Hyde Park Angels, bringing the company’s total investment to $101.5 million
FourKites opens a European headquarters in Amsterdam to meet the unique needs of its growing European user base
FourKites Community launches, giving customers the ability to connect with other shippers and 3PLs in the FourKites network, as well as a direct line to the FourKites Product Team
FourKites CEO Mathew Elenjickal earns Outstanding Tech CEO Momentum Award from 1871 and The Chicagoland Entrepreneurial Center
FourKites grows beyond 500 employees, with 250 team members in the US and 260 in Chennai
FourKites Secures $100M Series D Funding from Thomas H. Lee Partners, Qualcomm Ventures, Volvo Group Venture Capital and Zebra Technologies to infuse global supply chains with real-time visibility