Predictive logistics platform FarEye secured $25 million in Series D funding that was led by M12—the venture capital arm of Microsoft.
The Noida-based company will use the funds to further invest in the platform’s predictive capabilities and accelerate growth in Europe, Asia Pacific region and the US, according to its press statement. The round also saw participation from Eight Roads Ventures and Honeywell Ventures and also existing investor SAIF Partners.
The platform enables enterprises to orchestrate, track, and optimize their logistics operations. FarEye handles around 10 million transactions per day on average spanning over 20 countries and its clients include