Bhubaneswar: FarEye shining bright at Times Square, New York. FarEye has raised $100 million in its Series E funding round, led by TCV and Dragoneer Investment Group. The funding will be used to accelerate the company to continue to provide fast delivery experiences and redefine how products are delivered across logistics networks. Existing investors Eight Roads Ventures, Fundamentum and Honeywell also participated in the round.
The funds will be used to accelerate the company’s mission of empowering brands to provide Amazon Prime-like delivery experiences and redefining how products are delivered across diverse logistics networks.
FarEye will further focus on expanding its software platform capabilities and drive European and North American expansion. As part of the transaction, Gopi Vaddi, General Partner at TCV, will join FarEye’s board of directors.
Founded in the year 2013 by Kushal Nahata, Gaurav Srivastava, & Gautam Kumar, FarEye is addressing a multi billion dollar delivery management market that continues to show double digit year on year growth.