About FarEye
FarEye is a company based in Chicago (United States) founded in 2013 by Gaurav Srivastava, Gautam Kumar, and Kushal Nahata.. FarEye has raised $152.06 million across 10 funding rounds from investors including Microsoft, Honeywell and DHL. FarEye has completed 2 acquisitions, including Dipper and PY Technology. FarEye offers products and services including Route Planning, Smart Track, and Execute. FarEye operates in a competitive market with competitors including LetsTransport, RoadCast, ParcelX, RYTLE and WebXpress, among others.
- Headquarter Chicago, United States
- Founders Gaurav Srivastava, Gautam Kumar, Kushal Nahata
- Stage Minicorn
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Sectors
Transportation, Automotive & Logistics
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Email
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Phone
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Website
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Social
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- Legal Name Fareye Technologies, Inc.
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Products & Services of FarEye
FarEye offers a comprehensive portfolio of products and services, including Route Planning, Smart Track, and Execute. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Software for dynamic routing and fleet efficiency optimization.
Platform for real-time tracking and delivery experience enhancement.
Tools for order fulfillment and network management solutions.
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Funding Insights of FarEye
FarEye has successfully raised a total of $152.06M across 10 strategic funding rounds. The most recent funding activity was a Series E round of $154.8 thousand completed in August 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 10
- Last Round Series E — $154,800
- First Round First Round
- Investors Count 55
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Aug, 2023 | Amount | Series E - FarEye | Valuation | Grocery Delivery E-Services USA |
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| Mar, 2022 | Amount | Series E - FarEye | Valuation | Grocery Delivery E-Services USA |
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| May, 2021 | Amount | Series E - FarEye | Valuation | TCV , Dragoneer Investment Group |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in FarEye
FarEye has secured backing from 55 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Microsoft, Honeywell and DHL. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Founded Year | Domain | Location | |
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Venture capital is invested in global technology companies by TCV.
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Founded Year | Domain | Location | |
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Private equity investments are made in technology-enabled growth companies.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by FarEye
FarEye has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Dipper and PY Technology. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Online marketplace for freight transport
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2015 | ||||
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ERP solutions for logistics operations are developed and integrated.
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2010 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - FarEye
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Fareye Comparisons
Competitors of FarEye
FarEye operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as LetsTransport, RoadCast, ParcelX, RYTLE and WebXpress, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Platform offering customised logistic solutions to enterprises
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| domain | founded_year | HQ Location |
Provider of vehicle telematics and fleet management solutions
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| domain | founded_year | HQ Location |
AI and web-based end-to-end shipping management solutions are provided.
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| domain | founded_year | HQ Location |
End-to-end software and hardware for last-mile delivery management are provided.
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| domain | founded_year | HQ Location |
Cloud-based logistics software solutions are provided for supply chain management.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Fareye
Frequently Asked Questions about FarEye
When was FarEye founded?
FarEye was founded in 2013.
Where is FarEye located?
FarEye is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of FarEye?
Kushal Nahata is the current CEO of FarEye. They have also founded this company.
Is FarEye a funded company?
FarEye is a funded company, having raised a total of $152.06M across 10 funding rounds to date. The company's 1st funding round was a Series E of $100M, raised on Nov 26, 2013.
What does FarEye do?
FarEye was founded in 2013 and is headquartered in Chicago, United States. Technology solutions focused on last-mile delivery management are provided, including SaaS and AI-driven tools for shipping, routing, tracking, and execution. Operations encompass delivery scheduling, order tracking, end-to-end fulfillment, and revenue management, serving the logistics sector across various geographies.
Who are the top competitors of FarEye?
FarEye's top competitors include LetsTransport, RoadCast and ParcelX.
What products or services does FarEye offer?
FarEye offers Route Planning, Smart Track, and Execute.
How many acquisitions has FarEye made?
FarEye has made 2 acquisitions, including Dipper, and PY Technology.
Who are FarEye's investors?
FarEye has 55 investors. Key investors include Microsoft, Honeywell, DHL, KB Investment, and Eight Roads Ventures.
What is FarEye's valuation?
The valuation of FarEye is $392.82M as of Mar 2022.
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