FourKites

Overview
Activities
News
Cold Chain Innovation?
Supply Chain Tech?
Product stageSegments
Growth
?
Temperature monitoring, Cold chain management
?

FourKites is a supply chain visibility platform that provides real-time tracking and insights for global shipments. The company's technology leverages data from millions of daily global shipments, combining it with enterprise data and applying patented artificial intelligence to offer comprehensive visibility across the entire supply chain. FourKites tracks 3 million shipments daily, covering over 62 billion miles annually, and captures 150+ unique data points at every geolocation update. The platform integrates with existing enterprise systems such as ERP, TMS, and WMS to provide a unified view of inventory, shipments, orders, and facilities.

FourKites' suite of applications includes transportation and order visibility, yard management, and appointment setting. The company's Fin AI, the FourKites Intelligence Network, is a natural language interface that helps users tackle supply chain challenges by surfacing insights, identifying optimization opportunities, and automating tasks. FourKites' platform is designed to mitigate risks, improve responsiveness, and enhance decision-making across the supply chain. The technology aims to eliminate silos and conflicting information by connecting data points from first to final mile.

Key customers and partnerships

FourKites serves a diverse range of industries, with notable customers including C&S Wholesale Grocers, 3 million, Pixelle, Michaels, and Kraft Heinz. C&S Wholesale Grocers used FourKites to create a digital twin of their supply chain, resulting in a 65% reduction in transportation-related customer service calls within four months. During the Covid-19 pandemic, 3 million leveraged FourKites to manage the delivery of critical N95 masks. Pixelle, a paper and packaging corporation, reported a nearly 50% reduction in track-and-trace emails after implementing FourKites. Michaels consolidated its supply chain management into a centralized control tower using FourKites, achieving 91% load tracking and improved on-time delivery. Kraft Heinz utilized FourKites to optimize shipments to food banks in partnership with Feeding America.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
110 N. Wacker Drive Suite 4550 Chicago IL USA
Founded year:
2014
Employees:
501-1,000
IPO status:
Private
Total funding:
USD 241.5 mn
Last Funding:
USD 10.0 mn (Corporate Round; Sep 2022)
Last valuation:
USD 1.0 bn (Jun 2022)
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