About Weft
Weft is a company based in Slough (United Kingdom) founded in 2013 was acquired by Genscape in June 2016. Weft has raised $3 million across 3 funding rounds from investors including Genscape, Comet Labs and CLI Ventures. Weft operates in a competitive market with competitors including FreightWaves, Chronicled, Suplari, LogComex and SAP Ariba, among others.
- Headquarter Slough, United Kingdom
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TechnologyTransportation, Automotive & Logistics
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Funding Insights of Weft
Weft has successfully raised a total of $3M across 3 strategic funding rounds. 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 Weft
Weft has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Genscape, Comet Labs and CLI Ventures.
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Venture capital investments in technology sectors are handled by Andreessen Horowitz.
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Investor details for Weft
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Investments & Acquisitions by Weft
Investment portfolio details for Weft
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Financial Statements - Weft
Detailed financials for Weft
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Weft Comparisons
Peer comparison for Weft
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Competitors of Weft
Weft 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 FreightWaves, Chronicled, Suplari, LogComex and SAP Ariba, among others.
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Online platform offering logistics-related news
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AI and blockchain are applied to supply chain authenticity solutions.
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AI-based platform for integrating data and optimizing procurement costs.
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Trade analytics are delivered through a SaaS platform for logistics.
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E-procurement, invoicing, and B2B collaboration software is offered for businesses.
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Identity decisioning platform is provided for banks and fintech firms.
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Detailed competitors of Weft
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Latest news on Weft
Complete news archive for Weft
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Frequently Asked Questions about Weft
Weft was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Weft is headquartered in Slough, United Kingdom. It is registered at Slough, England, United Kingdom.
Weft is a funded company, having raised a total of $3M across 3 funding rounds to date.
Weft platform which integrates with Weft sensors as well as sensors from other provider and with ERP and CRM systems, users log in to get the current status and to set alerts for out-of-bounds conditions (location, temperature, moisture, shockvibration) and stages completed. Through predictive analytics, Weft takes the current location and planned route of all shipments on the platform and combines this information with historical data to identify likely bottlenecks and alert shippers to potential problems before they occur. Weft works by simply attaching a small piece of hardware to the valuable cargo in transit to receive real-time monitoring and analytics, allowing companies to check up on their shipments and see if theres a better way to get from point A to point B. Weft uses the simple GPS technology to find patters, problems and solve them. Participated at SAP TechEd in Las Vegas on October 21, 2013. Working with Vodafone, Telefonica, and Etisalat on different initiatives.
Weft's top competitors include Alloy, FreightWaves and Suplari.
Weft has 5 investors. Key investors include Genscape, Comet Labs, CLI Ventures, Andreessen Horowitz, and Indoseven.