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 1,200+ customers, 550,000+ 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.
FourKites acquires leading European supply chain visibility provider NIC GmbH (NIC-place). The combined over-the-road, rail and ocean carrier networks of FourKites and NIC-place creates the largest multimodal carrier network in Europe.
FourKites unveils Sustainability Hub, a suite of analytics tools to provide better visibility into resource consumption and waste generation.
FourKites introduces industry-first ETA solution for air freight—Dynamic ETA® for Air—enabling highly accurate ETAs for 100% of air shipments.
FourKites launches Dynamic ETA® for Ocean, leveraging AI to provide the market’s most accurate estimated times of arrival (ETAs) for 100% of their ocean shipments across all lanes worldwide.
FourKites acquires Haven, Inc., and introduces Dynamic Ocean®, the next-generation, end-to-end platform for international ocean shipment visibility.
FourKites introduces Order Intelligence Suite, a single-pane-of-glass view of the entire lifecycle of every order, integrating order data, load information across modes, yard shipments, inventory visibility and other critical third-party systems.
FourKites introduces multimodal purchase order tracking for all freight, enabling shippers, carriers and receivers to track the full lifecycle of 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 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 its Live Network Congestion Map to track interstate transit metrics, global port delays, and cross-border freight movements.
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 releases ocean-to-rail tracking, unleashing true end-to-end visibility, and adds air shipment visibility to its platform.
FourKites introduces its free Sustainability Dashboard, which analyzes data from shippers, carriers and facilities, and identifies the highest sources of freight-related emissions.
FourKites launches multiple industry first capabilities and product enhancements that changed the real-time visibility category, including: Recommendation Engine, Lane Connect, Smart Forecasted Arrival, Security and Compliance Solutions, Appointment Manager, and its machine learning-powered Dynamic ETA® algorithm, which analyzes 150+ data points with each geolocation update.
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 begins tracking less-than-truckload and rail shipments, and adds parcel tracking capabilities to its platform.
FourKites introduces end-to-end temperature tracking, allowing shippers to track the real-time temperature of a shipment throughout its journey.
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 visibility into brokered loads or assets — without ELD/GPS connectivity.
