Articles from project44

AI agent unifies equipment ID resolution, milestone completion and data accuracy workflows into a coordinated system that improves visibility accuracy at scale

Today, in response to the severe disruptions to the logistics and supply chain operations stretching from China and the US to Latin America, project44, the global leader in real-time supply chain visibility, is expanding further in Latin America. The company offers shippers, exporters, importers and logistics experts greater visibility to better navigate the painful bottlenecks clogging up the transport system.

With capacity at record lows, project44, the global leader in real-time supply chain visibility, today announced its new Over-the-Road Rating solution, a data-driven product that centralizes information to increase transparency in the rate quote and tendering process. As the impartial connective tissue for supply chain logistics, project44 is uniquely positioned to provide aggregated data and support one-to-many interactions that solve key industry challenges, enabling shippers, 3PLs, and carriers to operate more effectively.

project44, the global leader in real-time supply chain visibility, announced a partnership with Roameo, the leading producer and operator of upscale, renter-friendly mobile suites. Through this partnership, project44 will offer access to Roameo campervans and conversions as an added perk for team members who want to embrace the work-from-anywhere approach to modern business in a new way.

With the global supply chain strained and capacity at a record low, project44, the global leader in real-time supply chain visibility, today announced Cooperative – the first data-driven solution in the market to increase transparency in the freight management process.

The Digital LTL Council today announced the availability of standardized electronic bill of lading (eBOL) attributes available via an API. Replacing paper bills of lading with a digital alternative increases visibility and reduces opportunity for human input error across the LTL shipment lifecycle, from shipper to carrier and throughout the last mile to the customer.

project44, the global leader in real-time supply chain visibility, today announced that it has acquired Austin-based Convey, the last-mile technology leader that powers exceptional direct-to-consumer delivery experiences for more than 200 of the world’s largest brands, including The Home Depot, Nieman Marcus, Ferguson, Ingram-Micro, and others. Convey, recognized as a Challenger in the Gartner 2021 Magic Quadrant for Real-Time Visibility Platforms, combines real-time visibility, post-purchase experiences, and machine learning-powered analytics to improve the overall customer experience. Together, the two companies now serve the global supply chain end-to-end, providing real-time visibility and actionable insights from raw materials to the front door to help brands deliver differentiated direct-to-consumer and eCommerce experiences for their customers.

project44, the leader in real-time supply chain visibility and a Google Premier Visibility Provider, today announced a new partnership with Google Cloud to provide customers with better, real-time visibility into their supply chains. Under this partnership, project44 will be the first strategic partner for real-time transportation visibility to integrate its capabilities into Google Cloud’s Supply Chain Twin solution to provide joint customers with a view into the supply chain network, including data across all modes, existing integrations at scale, and strong relationships with other partners included in the offering.

project44, the global leader in real-time supply chain visibility, announced record growth in Q2, including enterprise net dollar retention of 129% and 123% year-over-year growth in ARR. Already the largest visibility platform company as measured by ARR, customer count, and carriers, project44’s ARR in Q2 was more than the sum of the next top six visibility companies combined for the same quarter.

project44, the global leader in real-time supply chain visibility, is entering into its first NASCAR sponsorship with Rick Ware Racing and BYRD Racing. The project44 car will be racing at the NASCAR Cup Series’ mid-summer installment, held at “The Magic Mile” on Sunday, July 18, at the Foxwoods Resort Casino 301.

Today, project44, the leading supply chain visibility solutions provider, announced it has closed a Series E investment of $202 Million led by funds managed by Goldman Sachs Asset Management (Goldman Sachs) and Emergence Capital, valuing the company at $1.2 Billion. To date, project44 has raised $442.5 Million to improve supply chain trust and predictability. Goldman Sachs has a deep history of supporting the global expansion of growth-stage technology companies and guiding them through multiple stages of growth. This financing will accelerate the company's expanded multimodal carrier network, make significant inroads into Asian markets, expand artificial intelligence (AI) and data science capabilities, accelerate new product innovation, and bolster sales and marketing reach globally.

Today project44 announced that it will acquire San Francisco-based ClearMetal, a market leader in international supply chain visibility and predictive analytics for enterprises. ClearMetal’s patented artificial intelligence (AI) enables organizations to optimize their supply chains and provides customers with easy access to trusted, live information about their orders and shipments. project44’s acquisition of ClearMetal is the latest growth milestone preceded by building on tremendous 135% YoY growth, crossing the $50M ARR mark, and being named a Leader in the latest Gartner Magic Quadrant. This acquisition places project44 on the cutting edge of logistics AI, enabling customers to improve agility, and resiliency across their global and multi-modal supply chains.

project44, the global leader in supply chain visibility solutions, posted 100 percent year-over-year growth in annual recurring revenue (ARR), surpassing $50 million. By delivering end-to-end supply chain visibility to a growing list of global companies, project44 has consolidated its leading position in the market, making its software a critical part of the success of corporations like Amazon, Walmart, Unilever, Lenovo, and H&M.

project44, the global leader in advanced visibility for shippers and logistics service providers will expand its real-time shipment tracking services in China – giving clients the same transportation visibility it offers across mature markets like North American and Europe. This expansion will focus the company’s resources on Asia-based visibility to fulfill its vision for global end-to-end visibility across all modes of transportation.

Today project44, the global leader in supply chain visibility, announced record growth in 2021, achieving 135% in new customer bookings year-over-year and landing more than 50 new accounts within the first quarter of 2021. Part of its first quarter growth also included the acquisition of Ocean Insights in March. Customer adoption in Q1 was also strong, with enterprise retention at 125%, while another 123 people were hired in an aggressive push to expand the company’s footprint in the market. In addition, project44 greatly extended its lead on the carrier network front and launched several new product enhancements that deliver greater supply chain resiliency and open new opportunities for ecosystem partners. With project44, shippers, carriers, and third-party logistics providers can operate more efficiently, mitigate disruptions, and collaborate with each other to more efficiently meet customer demand. Collectively, project44 will enable these platform participants to remove over $2B in transportation costs from their supply chains this year.

Today project44 announced that Gartner has named the company a Leader in the research firm’s first ever Magic Quadrant for Real-Time Transportation Visibility Platforms (RTTVP). Gartner evaluated 14 vendors out of which project44 received the highest placement for its ability to execute and was also recognized for its completeness of vision.

Today project44, the global leader in supply chain visibility for shippers and logistics service providers, announced it will be hosting The Digital Age of Trucking, an event for trucking companies and industry experts in Europe and North America. Taking place on April 13, this global event is the first of its kind in the industry, designed to bring together the trucking community to explore pressing topics such as the importance of digitalization and real-time visibility in the global trucking space. In addition, executives from SAP, U.S. Xpress, and more will share their thoughts on the broader logistics industry.