Turvo

Turvo

Cloud-based platform for supply chain management

About Turvo

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

Industries

Data & Analytics

Enterprise Software

Company Size

201-500

Company Stage

Series B

Total Funding

$89.1M

Headquarters

Sunnyvale, California

Founded

2014

Overview

Turvo provides a cloud-based platform that connects all parties involved in the logistics and supply chain industry, including shippers, carriers, and brokers. This platform allows users to track shipments in real-time and manage freight more efficiently by digitizing the entire process from order placement to final delivery. Unlike traditional methods that often lack transparency and efficiency, Turvo's solution ensures that all stakeholders have access to the same information at the same time. The company operates on a Software-as-a-Service (SaaS) model, where clients pay a subscription fee for access to its tools, which include real-time tracking, document management, and communication features. Turvo's goal is to enhance visibility and collaboration in the logistics sector, helping businesses reduce costs, improve operational efficiency, and provide better service to their customers.

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Simplify's Take

What believers are saying

  • Turvo's acquisition by Lineage Logistics can provide strategic growth opportunities.
  • Partnerships with companies like Southern Reins Logistics enhance Turvo's market reach.
  • Integration with IoT devices can improve Turvo's real-time data collection capabilities.

What critics are saying

  • Strategic shifts post-acquisition by Lineage Logistics may affect customer relationships.
  • Technical challenges in MileMaker API integration could impact mileage accuracy.
  • New CTO's strategy changes might disrupt ongoing projects or innovation trajectory.

What makes Turvo unique

  • Turvo offers a unified cloud-based platform for real-time supply chain collaboration.
  • The platform integrates seamlessly with partners like MileMaker and Oko for enhanced functionality.
  • Turvo's SaaS model ensures continuous updates and improvements for logistics professionals.

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Funding

Total Funding

$89.1M

Above

Industry Average

Funded Over

3 Rounds

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$60M
Turvo
$65M
Substack
$100M
ClickUp

Benefits

401(k) Company Match

Remote Work Options

Full Benefits

Company News

Dallas Innovates
Aug 16th, 2024
Dallas' Turvo Appoints Veteran Exec as Chief Technology Officer

Dallas-based Turvo, a provider of a leading collaboration application designed specifically for the supply chain, has appointed Vilas Madapurmath as its chief technology officer.

PR Newswire
Aug 13th, 2024
Turvo Appoints Vilas Madapurmath As Chief Technology Officer

Madapurmath to leverage extensive experience in engineering leadership to drive Turvo's technology innovation and expansionDALLAS, Aug. 13, 2024 /PRNewswire/ -- Turvo Inc. ("Turvo" or "the Company"), provider of the world's leading collaboration application designed specifically for the supply chain, today announces the appointment of Vilas Madapurmath as Chief Technology Officer. Madapurmath joins Turvo from Coupa Software, where he served as Senior Vice President of Engineering.Madapurmath brings over 25 years of experience managing and leading global engineering teams. Throughout his career, he has successfully delivered enterprise software products for SaaS and on-premise customers, holding leadership roles at Coupa Software, VeriFone, Oracle, and CA Technologies, highlighting his ability to drive innovation and technological excellence."I am thrilled to join Turvo at such a pivotal moment in the company's journey," said Vilas Madapurmath, CTO of Turvo. "Turvo's mission to unify and automate the global supply chain aligns perfectly with my passion for delivering market-leading technology solutions

Bar and Bench
Apr 19th, 2024
JSA advises Lineage Logistics on acquisition of Turvo

Lineage Logistics, LLC, has acquired Turvo Inc., a leading provider of supply chain management, collaboration, and visibility software, including its India subsidiary for approximately ₹1,731.8 crores ($208 million).

PR Newswire
Apr 10th, 2024
Southern Reins Logistics Teams Up With Turvo To Enhance 3Pl Operations

This partnership marks a significant milestone for Southern Reins Logistics as they elevate their operations to exceed customer expectations.DALLAS, April 10, 2024 /PRNewswire/ -- Turvo Inc. ("Turvo" or "the Company"), provider of a leading collaboration application designed for the supply chain, announces a strategic partnership with Southern Reins Logistics, a leading full-service provider of customized freight solutions headquartered in Alpharetta, Georgia.Southern Reins LogisitcsWith a commitment to innovation and customer-centric solutions, Southern Reins Logistics has chosen Turvo as its technology partner to enhance efficiency, visibility, and customer service in its 3PL business. Turvo's modern and intuitive approach, real-time tracking, and available integrations align seamlessly with Southern Reins Logistics' mission to provide transparent freight solutions.Jake Mathis, Founder & CEO of Southern Reins Logistics, expressed excitement about the partnership, stating, "Turvo represents the next level of technology that will propel Southern Reins Logistics forward. We believe this partnership will streamline our operations and empower us to achieve unprecedented growth."Turvo's advanced analytics, the industry's most widely accepted Driver App, and collaborative network capabilities are key to Southern Reins Logistics' continued success."Southern Reins Logistics will significantly scale their 3PL operations with Turvo's modern TMS,'' stated Billy Sarracino, CEO of Turvo. "This partnership highlights Turvo's ability to empower market-leading 3PLs to drive continuous growth through our differentiated platform and tech-forward ecosystem."About Turvo:Turvo provides a collaborative Transportation Management System (TMS) application designed specifically for the supply chain. Turvo Collaboration Cloud connects freight brokers, 3PLs, shippers, and carriers to unite supply chain ecosystems, delivering outstanding customer experiences, real-time collaboration, and accelerated growth

PR Newswire
Jan 25th, 2024
Milemaker And Turvo Announce New Partnership, Enabling Enhanced Transportation Management Solutions

MileMaker's newest Web Services API product is now integrated with Turvo's TMS platform to provide end-users with accurate, up-to-date mileage and rating capabilities.CHICAGO, Jan. 25, 2024 /PRNewswire/ -- MileMaker, a leading provider of commercial transportation mileage, rating, and routing software, is thrilled to unveil its latest integration. MileMaker's Web Services API is now seamlessly integrated with Turvo's cloud-based platform—a premier player in transportation management software. This collaboration grants Turvo's customers access to MileMaker's renowned truck-specific mileage calculations, further enhancing overall transportation operations.MileMaker, powered by Rand McNally, a company boasting more than 160 years of mapping expertise and more than 80 years of commercial routing and mileage experience, has redefined how shippers, carriers, 3PLs, and freight brokers optimize their shipping and delivery routes and mileage calculations. The software facilitates efficient door-to-door routing, tailoring each route to a user's specific requirements, including vehicle specifications and customizable Points of Interest (POIs), midpoints, and avoidances. Additionally, MileMaker's mileage data enables users to negotiate and streamline freight rates, payments, and audits, while also improving freight cost and fuel surcharge forecasts

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