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FourKites
Enterprise Software
FourKites is a Chicago-based supply chain visibility company providing real-time tracking technology that lets shippers and logistics companies monitor the location and status of freight in transit across trucking, rail, ocean, and air.
$541M
+$3.61
128.52%
30 days ago
$2.81
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FourKites was founded in 2014 by Mathew Elenjickal, based on the observation that shippers and logistics companies historically had very limited real-time visibility into the actual location and status of their freight while it was in transit, often relying on periodic manual check calls to carriers or basic estimated arrival times that frequently proved inaccurate, a visibility gap that made it difficult for supply chain teams to proactively manage disruptions, communicate accurate delivery expectations to their own customers, or optimize their broader logistics operations based on real, rather than estimated, shipment status. FourKites's platform aggregates real-time location and status data from a very large network of carriers across trucking, rail, ocean, and air freight modes, using this data to provide shippers with a unified, real-time view of all their freight in transit regardless of which carrier or transportation mode is handling a given shipment, along with predictive analytics that can flag shipments at risk of delay before they actually arrive late, giving supply chain teams time to proactively communicate with customers or adjust plans rather than only learning about a delay after it has already happened. The company's data network effect, built from aggregating tracking data across a very large number of carriers and shippers, has let it provide increasingly accurate predictive estimated time of arrival calculations that account for real-world factors such as traffic patterns, weather, and carrier-specific historical performance, rather than the simpler, often inaccurate estimated arrival times that carriers themselves might provide. FourKites's customers span large shippers, retailers, and manufacturers across many industries seeking better visibility and predictability across their supply chains, particularly important given the significant supply chain disruptions many companies experienced during and after the COVID-19 pandemic, which heightened corporate focus on supply chain resilience and visibility. The company has raised very substantial venture funding from investors including Bain Capital Ventures, August Capital, and Georgian Partners, reaching a valuation exceeding $2 billion, competing with other supply chain visibility platforms including project44.
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