FourKites

FourKites

Real-time supply chain visibility platform

About FourKites

Simplify's Rating
Why FourKites is rated
A-
Rated A on Competitive Edge
Rated A on Growth Potential
Rated B on Rating Differentiation

Industries

Data & Analytics

AI & Machine Learning

Company Size

501-1,000

Company Stage

Late Stage VC

Total Funding

$205.8M

Headquarters

Chicago, Illinois

Founded

2014

Overview

FourKites provides a platform for supply chain management that focuses on real-time visibility and predictive analytics. The platform collects data from millions of shipments worldwide and uses AI technology to analyze this data, offering businesses insights to improve their supply chain operations. This helps companies manage risks, enhance responsiveness, and optimize their processes. FourKites connects all parts of a supply chain through its applications, ensuring that teams have access to the same information. A unique feature of their platform is Fin AI, which uses natural language processing to help businesses find optimization opportunities and automate tasks. Unlike its competitors, FourKites combines a vast real-time supply chain network with specialized applications and patented AI technology to address complex supply chain issues. The goal of FourKites is to help large brands manage their supply chains more effectively and efficiently.

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Simplify's Take

What believers are saying

  • Growing demand for AI-driven supply chain solutions boosts FourKites' market potential.
  • The supply chain technology market is projected to reach $50 billion by early 2030s.
  • FourKites' partnerships with top brands enhance its credibility and market reach.

What critics are saying

  • Emergence of competitors like Auger increases market competition for FourKites.
  • Potential customer concerns over data privacy with AI and real-time analytics.
  • Rapid market growth may attract more entrants, intensifying competition for FourKites.

What makes FourKites unique

  • FourKites tracks 3 million shipments daily across multiple transportation modes.
  • The platform integrates real-time data and machine learning for end-to-end supply chain visibility.
  • FourKites' AI agents, Tracy and Sam, automate up to 80% of supply chain tasks.

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Funding

Total Funding

$205.8M

Above

Industry Average

Funded Over

6 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Benefits

Medical, dental, & vision

PTO

401k with company match

Annual wellness stipend

Ongoing learning & development opportunities

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

-1%

2 year growth

0%
Trans.info
Feb 14th, 2025
FourKites launches AI agents to automate up to 80% of supply chain tasks

FourKites launches AI agents to automate up to 80% of supply chain tasks.

IT Brief Asia
Feb 13th, 2025
FourKites unveils AI agents Tracy & Sam for efficiency boost

FourKites has unveiled Tracy and Sam, their first digital workers designed to revolutionise supply chain orchestration through AI agents capable of operating independently.

SDC Exec
Jan 15th, 2025
FourKites Launches Intelligent Control Tower with Real-Time Data

FourKites launches Intelligent Control Tower with real-time data.

Next Unicorn Ventures
Jan 13th, 2025
Overhaul Secures $55M to Enhance Supply Chain Security for Big Brands

With around 350 customers, Overhaul competes with several established players in the supply chain visibility software market, including Tive, Altana, Project44, and FourKites.

Business Wire
Dec 3rd, 2024
FreightTech 25 Awards Recognize FourKites Innovation for the Seventh Consecutive Year

"I'm extremely proud that FourKites once again has been named a FreightTech 25 award winner - now for the seventh consecutive year"Post this

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