Project44 has completed a financing round worth $45 million led by Sapphire Ventures. The money will be used to grow the project44's success in the transportation visibility market by funding continued growth in North America, supporting new product initiatives in advanced visibility and driving international expansion.
Since launching its first product in 2015, project44 has rapidly expanded its advanced visibility platform to keep pace with the growing needs of customers who require accurate visibility for all transportation modes across all geographies.
“project44 will not merely participate in this newly developed visibility category, but will define, grow and lead it,” said Kevin Diestel, Partner at Sapphire Ventures. “p44 is bringing to the shipping and logistics space what Stripe brought to payments, Twilio brought to communications, and Mulesoft brought to SaaS applications. We invested because we believe that Jett and his team have distinguished themselves as the leading visibility platform and have both the vision and positioning to continue to push the boundaries of what’s possible.”
The company experienced record growth in the most recent quarter by adding customers like Uline to help leverage and improve the delivery experience.
“Uline believes that a fully transparent, proactive and connected supply chain provides the foundation for a differentiated and exceptional customer experience,” commented Angelo Ventrone, Vice President of Logistics at Uline. “In today’s market there are many solutions available, making it difficult to separate fact from fiction regarding new technology. During our evaluations, it was very clear that project44 provided the most accurate and scalable solution. Their platform has already made a significant impact on our business, and we look forward to continuing to partner with their team to unearth new opportunities as we further modernize and digitize our operations.”