Navix

Santa Rosa Beach, United States Founded: 2021 • Age: 5 yrs
Navix is recognized for providing automated freight audit solutions.
Annual revenue - Latest available
Total funding $9.7M 2 rounds
Employees 22 Tracked headcount
Investors 3 Known backers
Products 3 Services tracked
Competitors 10 Brand Intelligence

About Navix

Navix is a company based in Santa Rosa Beach (United States) founded in 2021 by Eric Krueger. It operates as a SaaS (Software-as-a-Service). Navix has raised $9.73 million across 2 funding rounds from investors including Venture 53, Tommy Barnes and Rob Estes. The company has 22 employees as of December 31, 2024. Navix offers products and services including Freight Audit Automation, Document Ingestion & Classification, and Dispute Handling & Resolution. Navix operates in a competitive market with competitors including AuditBoard, Ocrolus, Auditoria.AI, Caseware and FISCAL Technologies, among others.

  • Headquarter Santa Rosa Beach, United States
  • Employees 22 as on 31 Dec, 2024
  • Founders Eric Krueger
  • Sectors
    Technology
  • Email
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  • Phone
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  • Website
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  • Social
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  • Legal Name Navix.Io Inc.
Operational Areas
Technology → Marketing, Adtech & Commerce Technology Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $9.73 M (USD)

    in 2 rounds

  • Latest Funding Round
    $4.73 M (USD), Series A

    Apr 25, 2024

  • Investors
    Venture 53

    & 2 more

  • Employee Count
    22

    as on Dec 31, 2024

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Products & Services of Navix

Navix offers a comprehensive portfolio of products and services, including Freight Audit Automation, Document Ingestion & Classification, and Dispute Handling & Resolution.

Product name locked
Category locked
Primary

Automated freight audit system for logistics providers offered.

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Document scanning and classification using AI technology provided.

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Automated dispute resolution for faster invoice approvals offered.

People of Navix

Headcount 1-10
Employee Profiles 9
Employee Profiles
People
Eric Krueger
Chief Executive Officer & Co-founder
People
Drew Meyer
Product Manager
People
Jason Mansur
Co-founder
People
Wil Kratz, CTL
VP Of Solution Architecture And Implementation

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Funding Insights of Navix

Navix has successfully raised a total of $9.73M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $4.73 million completed in April 2024. 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.

Investors in Navix

Navix has secured backing from 3 investors, including venture fund and angel investors. Prominent investors backing the company include Venture 53, Tommy Barnes and Rob Estes.

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Venture Fund
Angel
Investor Description Founded Year Domain Location
Venture 53 is focused on supply chain and logistics investments.
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Tommy Barnes

Angel investor focusing on Indian startups, background in tech and entrepreneurship.
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Rob Estes

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Investor details for Navix

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Investments & Acquisitions by Navix

Investments
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Investment portfolio details for Navix

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Financial Statements - Navix

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Detailed financials for Navix

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Navix Comparisons

Navix Primary company
Description
Navix is recognized for providing automated freight audit so...
Location
Santa Rosa Beach, United States
Founded Year
2021
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
22
As of 2024
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Peer comparison for Navix

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Competitors of Navix

Navix 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 AuditBoard, Ocrolus, Auditoria.AI, Caseware and FISCAL Technologies, among others.

Company Name Domain Founded year HQ Location Description
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Cloud-based GRC and audit management solutions are provided.
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Provider of bank accounts auditing solutions for businesses
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AI-driven audit automation solutions for enterprises are provided.
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Accounting and auditing software solutions are supplied worldwide.
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Cloud-based audit and risk management solutions are provided for businesses.
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Detailed competitors of Navix

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Latest news on Navix

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Complete news archive for Navix

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Frequently Asked Questions about Navix

Navix was founded in 2021 and raised its 1st funding round 2 years after it was founded.

Navix is headquartered in Santa Rosa Beach, United States. It is registered at Santa Rosa Beach, Florida, United States.

Eric Krueger is the current CEO of Navix. They have also founded this company.

Navix is a funded company, having raised a total of $9.73M across 2 funding rounds to date.

As of Dec 31, 2024, the latest employee count at Navix is 22.

Navix is engaged in delivering automated freight audit and invoicing solutions tailored for logistics service providers, including 3PLs and freight brokers. The company operates within the technology sector, focusing on software that streamlines document ingestion, dispute resolution, and invoice approvals. Solutions offered by Navix are designed to reduce Days Sales Outstanding (DSO) by 3-10 days, improve operational efficiency, and enable scalability without increasing headcount. Partnerships with industry leaders like Tai Software and Cleo are established to enhance integration and accelerate cash flow for clients.

Navix's top competitors include AuditBoard, Ocrolus and Auditoria.AI.

Navix offers Freight Audit Automation, Document Ingestion & Classification, and Dispute Handling & Resolution.

Navix has 3 investors. Key investors include Venture 53, Tommy Barnes, and Rob Estes.

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