Chicago Ventures partners closely with exceptional entrepreneurs building companies in undercapitalized high-potential ecosystems.

Chicago Ventures

Emergence is a venture capital firm that focuses on early-stage enterprise companies. Its mission is to be the most valuable partner to the companies changing the way the world works. In 2017, the firm was named Venture Firm of the Year by the National Venture Capital Association (NVCA). Business Insider named Emergence one of the Top 10 Best Performing Venture Funds that launched at the turn of the decade, and posted returns as high as 50%. The firm’s investments include companies such as Salesforce (CRM), Veeva Systems (VEEV), Box (BOX), Zoom (ZM), SuccessFactors (SFSF, acquired by SAP), Yammer (acquired by Microsoft), Zoom, ServiceMax (acquired by GE) and Intact (acquired by Sage). For more information on Emergence, visit http://www.emcap.com and follow @emergencecap.

Emergence

Silicon Valley Bank works with technology, life science, cleantech, venture capital, private equity, and premium wine businesses. SVB provides industry knowledge and connections, financing, treasury management, corporate investment, and international banking services to its clients worldwide through 27 U.S. offices and seven international operations.   Banking innovative companies and exclusive wineries, Silicon Valley Bank’s diverse financial services, knowledge, global network, and world-class service increase its clients’ probability of success. Forbes Magazine ranks SVB among America’s Best Banks, and Fortune Magazine named SVB one of the Best Companies to Work For in 2012.

Silicon Valley Bank

INCISENT Labs is a startup studio to incubate innovative technologies that spin out into high growth technology companies.   INCISENT Labs was founded by Pat Ryan in 2009 and is based in Chicago, Illinois, the United States.

INCISENT Labs

OpenView is an expansion stage venture firm that helps grow software companies like Instructure, Kareo, Datadog, and Expensify into market leaders. Through OpenView's Expansion Platform, they help companies hire the best talent, acquire, and retain the right customers and partner with industry leaders so they can dominate their markets. OpenView's focus on the expansion stage makes it suited to provide truly tailored operational support to their portfolio companies. OpenView Partners has adopted the Diversity Term Sheet Rider.

OpenView

Pritzker Group Venture Capital helps entrepreneurs build market-leading technology companies at every stage of their growth. Since its founding in 1996, the firm has worked side-by-side with entrepreneurs at more than 100 companies, building partnerships based on trust and integrity. Its proprietary capital structure allows for tremendous flexibility, and our experienced team of investment professionals and entrepreneurs offers companies a vast network of strategic relationships and guidance.  Successful exits in recent years include Fleetmatics (NYSE: FLTX), SinglePlatform (acquired by Constant Contact), Zinch (acquired by Chegg), Playdom (acquired by Disney), LeftHand Networks (acquired by Hewlett-Packard), and TicketsNow (acquired by Ticketmaster).

Pritzker Group Venture Capital

Omidyar Technology Ventures is a Silicon Valley-based investment firm created and solely funded by eBay founder, technologist, and philanthropist Pierre Omidyar.

Omidyar Technology Ventures

8VC enables industry transformation. In a wave of creative destruction, they believe emerging platforms will replace the decades-old technology infrastructure behind many industries, promoting greater innovation and prosperity.

High Alpha, based in Indianapolis, Indiana, is a B2B SaaS venture studio. High Alpha Studio conceives, launches, and scales B2B SaaS companies by providing a blend of studio services, including design, finance, talent, marketing, brand, and go-to-market. High Alpha Capital invests in High Alpha Studio companies and emerging B2B SaaS companies. The combination of High Alpha Studio and High Alpha Capital represents a new model for entrepreneurship — the venture studio model — that seeks to help companies reduce friction, increase velocity, and achieve enterprise scale.

High Alpha

Section Partners provides creative financing solutions for stockholders of late-stage, venture-backed companies.

Section Partners

Sapphire is a global software venture capital firm with more than $11 billion in AUM and team members across Austin, London, Menlo Park and San Francisco. For over a decade, Sapphire has partnered with visionary management teams and venture funds to back companies of consequence. Since its founding, Sapphire has invested in more than 170 companies globally resulting in more than 30 Public Listings and 45 acquisitions. The firm’s investment strategies — Sapphire Ventures, Sapphire Partners and Sapphire Sport — are focused on scaling companies and venture funds, elevating them to become category leaders. Sapphire’s Portfolio Growth team of experienced operators delivers a strategic blend of value-add services, tools and resources designed to support portfolio company leaders as they scale.

Sapphire Ventures

Insight Partners is a global software investor that partners with growth-stage technology and software companies. Insight has a deep focus in Fintech, Cybersecurity, AI/ML, DevOps, and Healthcare sectors. Across their people and their portfolio, they encourage a culture around a core belief growth equals opportunity. As of December 31, 2022, the firm has over $75B in regulatory assets under management. Insight Partners has invested in more than 750 companies worldwide and has seen over 55 portfolio companies achieve an IPO.

Insight Partners

50 South Capital is an alternatives asset management firm designed to meet the core strategic needs of investors seeking access to hedge funds, private equity, and real assets solutions.  50 South Capital is a wholly-owned subsidiary of Northern Trust Corporation.

50 South Capital

Counterpart Advisors is a Venture Capital, Private Equity & Consulting firm that engages in highly competitive and visible markets.

Counterpart Advisors

Sozo Ventures was formed in 2011 to invest in and support IT ventures with their global expansion. We invest in category leaders in advanced data technologies, ecommerce, enterprise cloud, fintech, IOT and healthcare IT, among other emerging sectors. We are structured to connect the most ambitious entrepreneurial teams with the world's most advanced and respected customers and distributors. We are at our best when we can share our expertise well before expansion strategies are set.

Sozo Ventures

Underscore VC is an early-stage, Boston-based venture capital firm backing bold entrepreneurs with an aligned community designed to fit each startup's unique needs.

Underscore VC

Northstar.vc is a venture capital and private equity firm that provides access to global networks. The firm backs technologies that bear the potential of altering the trajectory of their respective industries. Northstar was founded in 2019 and is based in London, England.

northstar.vc

Goldman Sachs Asset Management provides institutional and individual investors with investment and advisory solutions, with strategies spanning asset classes, industries, and geographies.  They seek to build long-term relationships based on conviction, sustainable outcomes, and shared success over time. It was founded in 1991 and is headquartered in New York, United States.

Goldman Sachs Asset Management

Lineage Logistics is an innovator in temperature-controlled supply chain and logistics. Lineage’s expertise in end-to-end logistical solutions, its unrivaled real estate network, and its use of technology combine to promote food safety, increase distribution efficiency, advance sustainability, lessen environmental impact, and minimize supply chain waste. As a result, Lineage helps customers ranging from Fortune 500 companies to small family-owned businesses increase the efficiency and protect the integrity of their temperature-controlled supply chain. In recognition of the company’s leading innovations, Lineage was recognized as the No 1. Data Science company on Fast Company’s annual list of the World’s Most Innovative Companies in 2019, in addition to ranking 23rd overall in an evaluation of thousands of companies worldwide.

Lineage Logistics

Girteka Logistics is a digital trucking company that offers cargo and freight services to its clients and partners. Every day their 15.000 drivers safely transport delicious ice cream, fresh fish, valuable electronics, life-saving medicine, on-time e-commerce, and more to European families. They deliver more than 820 000 Full Loads annually. The company grew organically from 600 trucks in 2010 to now more than 8 000 trucks and 8 400 trailers operating in Europe, Scandinavia, and CIS. Girteka Logistics was founded in 1996 by Mindaugas Raila in Vilnius, Lithuania.

Girteka Logistics

TPG is a global alternative asset manager that focuses on innovation. It manages a portfolio of active companies in various countries. It serves technology, healthcare, and impact investing industries.

Thoma Bravo is a private equity firm with a 40-year history, including over $30 billion in investor commitments, and a focus on investing in software and technology companies. It pioneered the buy-and-build investment strategy and applied it to the software and technology industries.

Thoma Bravo

Generation Investment Management is dedicated to investing, integrated sustainability research, and client alignment. The company believes the interests of shareholders, over time, will be best served by companies that improve financial returns by managing economic, social, and environmental performance. It also builds a global research platform to integrate sustainability research into fundamental financial analysis. The company's investment team was founded by bringing together investment analysts with leaders from the sustainability research field. Generation's investment approach is based on the conviction that sustainability risks and opportunities directly affect long-term business profitability.

Generation Investment Management

Through an active investment approach, WP Global will partner with entrepreneurs hungry to grow private companies as well as fund managers determined to achieve superior returns. WP Global’s strategy is juxtaposition to simply administering investments in companies and in funds. Our unique strategy unchains us from traditional conventions and perceived risk, ultimately allowing our partners to build long-standing, high growth, and influential organizations.  You’re more likely to see us in person than talk to us over the phone because we believe knowledge is acquired on-sight through interpersonal engagement – we are continuously attending events and visiting companies. WP Global creates quality deal flow through vigorous outbound efforts and generates investment returns through active management. We leverage our partners for their operational and domain experience and they leverage us for our network.   By proactively investing directly into hundreds of private companies, private equity funds, and venture capital funds, WP Global generates a synergy of deal flow that is unrivaled. Along with leveraging our network, WP Global employs portfolio modeling and other investment management tools to gain foresight into the market momentum of the thousands of small private companies, which ultimately provides investment conviction.

WP Global Partners

project44

Vooma is a back-office automation platform that enables automated order entry for brokers and carriers.

Jetstream is a supply chain platform that powers freight forwarding and global exports for African suppliers. With tracking and consolidated (LCL) shipping Jetstream levels the playing field for access to international trade for African SMEs with the click of a button.

project44 is on a mission to make supply chains work. As the supply chain connective tissue, project44 operates the world’s most trusted end-to-end visibility platform that manages more than 1 billion unique shipments annually for over 1,300 of the world’s leading brands, including top companies in manufacturing, automotive, retail, life sciences, food & beverage, CPG, and oil, chemical & gas. Using project44, shippers and carriers across the globe drive greater predictability, resiliency and sustainability.  The undisputed leader in the market and innovator of Movement GPT, project44 was named the Leader in the Gartner Magic Quadrant, #1 in FreightWaves FreightTech 2023, a ten-time leader in customer satisfaction on G2’s Supply Chain Visibility Grid, one of SupplyChainBrain’s 100 Great Supply Chain Partners of 2022, and the Customer’s Choice in Gartner Peer Insights Voice of the Customer report. project44 is headquartered in Chicago with a diverse team spanning 15 global offices including Amsterdam, Kraków, Paris, São Paulo, Shanghai and Tokyo. Learn more at project44.com.

<div>project44 is on a mission to make supply chains work. As the supply chain connective tissue, project44 operates the world&rsquo;s most trusted end-to-end visibility platform that manages more than 1 billion unique shipments annually for over 1,300 of the world&rsquo;s leading brands, including top companies in manufacturing, automotive, retail, life sciences, food &amp; beverage, CPG, and oil, chemical &amp; gas. Using project44, shippers and carriers across the globe drive greater predictability, resiliency and sustainability. The undisputed leader in the market and innovator of Movement GPT, project44 was named the Leader in the Gartner Magic Quadrant, #1 in FreightWaves FreightTech 2023, a ten-time leader in customer satisfaction on G2&rsquo;s Supply Chain Visibility Grid, one of SupplyChainBrain&rsquo;s 100 Great Supply Chain Partners of 2022, and the Customer&rsquo;s Choice in Gartner Peer Insights Voice of the Customer report. project44 is headquartered in Chicago with a diverse team spanning 15 global offices including Amsterdam, Krak&oacute;w, Paris, S&atilde;o Paulo, Shanghai and Tokyo. Learn more at project44.com.</div>

project44 Receives $420 Million Investment led by Thoma Bravo, TPG and Goldman Sachs Valuing Business at $2.2 Billion Pre

Logistics services firm project44 gets $420 million in funding

Project44 cuts workforce, warns of changing FreightTech investor sentiment

Parcel carriers’ on-time performance recovers to pre-COVID levels: project44

project44 Concludes Strong FY 2024 With Over 30% Year-Over-Year Growth in Both Software-as-a-Service and Total GAAP Revenue

Chicago’s Project44 grows by fighting supply chain blockages

project44 Addresses Illinois Supreme Court Decision in project44 v. FourKites

project44 Named a Leader in the 2024 Gartner® Magic Quadrant™ for Real-Time Transportation Visibility Platforms for Fourth Consecutive Year

project44 Wins Google Cloud Industry Solution Technology Partner of the Year Award for Supply Chain & Logistics

project44 Partners with Celonis to Enhance Visibility and Data-Driven Decision-Making Across Global Supply Chains

Project44 v. FourKites: The FreightTech case that questions Illinois defamation law

New Faces, New Energy: Welcoming project44’s January and February New Joiners

Project44 comes out on top in 2023 Gartner Magic Quadrant

o9 and Project44 Eliminate Friction in Global Supply Chains

Company

New Layoffs Thin the Herd at Supply Chain Companies Project44, GXO

Platform

Supply Chain Visibility Platform

project44 Raises $80 Million Valuing Company at $2.7 Billion, Up 12% from January Despite Widespread Downturn in B2B SaaS Valuations

Making cold chains faster, smarter, and cooler.

Cold Chain Innovation

Project44 is a technology company that specializes in supply chain visibility and logistics connectivity solutions. The company’s platform “Movement” connects shippers, carriers, and logistics service providers to provide real-time visibility of the location and status of shipments. It also offers insights and connectivity across borders, helping businesses manage complex, multi-country logistics. This enables businesses to track and manage the movement of goods and shipments from the point of origin to the final destination.

Empowering efficiency, visibility and collaboration throughout supply networks

Supply Chain Tech

Project44

project44 Opens New Office in Bengaluru, India

Vooma

Index Ventures

MOTIVE

Arrive Logistics

Convoy

Uber Freight

RyderVentures

Sope Creek Capital

Permanent Capital

NFI Ventures

McVestCo

Loop

Google Cloud

Project44 collaborates with Google Cloud, leveraging its open cloud and advanced AI tools. This collaboration aims to create integrated data sources for logistics companies, offering comprehensive information on shipments, weather forecasts, and real-time mapping insights.

Jetstream Africa

W Fund

Proparco

Golden Palm Investments

The MBA Fund

Alitheia IDF

Wuri Ventures

Seed9

Octerra Capital

Archangel Fund

Anheuser-Busch InBev

project44 formed a partnership with Anheuser-Busch InBev Europe to bring better end-to-end visibility to the food and beverage space.

Platforms that provide real-time visibility into the movement, location, condition of products, and environment as they move through the supply chain.

To integrate Project44's analytics into Google Cloud’s Supply Chain Twin solution to improve transportation efficiency and inventory management in supply chains.

Platforms that help organizations optimize supply chain processes through demand, supply, operations, and scenario planning.

To integrate Project44's advanced visibility platform with the IBM Sterling Supply Chain Suite to help shippers get more accurate shipment ETAs, identify vital upstream and downstream impacts to inventory and orders, and also be able to quickly respond to relevant supply chain events.

Platforms that facilitate the tracing and verification of products or components throughout the supply chain, from origin to consumer.

To offer a joint solution for key transportation processes, such as receiving and tracking, which will connect, automate, and provide visibility data and insight from project44 within the SAP Logistics Business Network.

<div>
 
 project44 is on a mission to make supply chains work. As the supply chain connective tissue, project44 operates the world&rsquo;s most trusted end-to-end visibility platform that manages more than 1 billion unique shipments annually for over 1,300 of the world&rsquo;s leading brands, including top companies in manufacturing, automotive, retail, life sciences, food &amp; beverage, CPG, and oil, chemical &amp; gas. Using project44, shippers and carriers across the globe drive greater predictability, resiliency and sustainability. 
 
 The undisputed leader in the market and innovator of Movement GPT, project44 was named the Leader in the Gartner Magic Quadrant, #1 in FreightWaves FreightTech 2023, a ten-time leader in customer satisfaction on G2&rsquo;s Supply Chain Visibility Grid, one of SupplyChainBrain&rsquo;s 100 Great Supply Chain Partners of 2022, and the Customer&rsquo;s Choice in Gartner Peer Insights Voice of the Customer report. project44 is headquartered in Chicago with a diverse team spanning 15 global offices including Amsterdam, Krak&oacute;w, Paris, S&atilde;o Paulo, Shanghai and Tokyo. Learn more at project44.com.
 
</div>

Transparent Path is a logistics technology company that provides real-time, end-to-end shipment visibility solutions to reduce costs, risks, and environmental impact in supply chains. The company's platform utilizes advanced technologies including 5G, IoT, AI, and cloud computing to monitor shipments continuously. Transparent Path's system tracks various parameters such as location, temperature, humidity, tilt, shock, acceleration, light exposure, and door openings. This comprehensive monitoring helps ensure product quality and freshness, particularly for perishable goods in industries like food and beverage, pharmaceuticals, biomedical products, sensitive chemicals, and high-value assets.
The company's platform is designed to facilitate collaboration and seamless handoffs throughout the supply chain, tracking changes in custody without requiring additional infrastructure. Transparent Path offers a unique, patent-pending freshness prediction metric called FreshScore, which uses proprietary machine-learning algorithms. The system aims to prevent lost loads, provide evidence for meeting service-level agreements, and help businesses reclaim costs lost to supply chain inefficiencies. Transparent Path's flexible pricing model allows customers to use and reuse trackers as needed, paying only for the trackers they require on a monthly basis.
Key customers and partnerships
Transparent Path has worked with Feeding America, a nationwide network of food banks. Rod Wieber noted that the company's technology has been added to loads shipped across the nation to food banks in the Feeding America network over the past year. The ability to track load location and monitor temperature has provided assurance that food arrives in optimal condition for quick distribution to those in need. Wieber stated that Transparent Path's sensors have exceeded expectations in terms of performance and reliability.

Transparent Path

Modality Solutions, founded in 2011, is a leading biopharmaceutical cold chain engineering firm specializing in the validation, optimization, and regulatory approval of temperature-sensitive therapies. The company focuses on integrating cold chain operations, developing transport validation strategies, and supporting global regulatory applications for biopharmaceutical products. Modality Solutions' core offering is its unique Advantage Transport Simulation Laboratory in Bloomington, Indiana, which operates under an ISO 9001:2015 certified quality system. This lab is the only one of its kind that concurrently tests across five hazards that can impact drugs during transport: temperature, vibration, shock, pressure, and humidity.
The company's services include engineering consulting, systems integration, and simulation laboratory testing from drug discovery through distribution. Modality Solutions employs a team of chemical, biomedical, and mechanical engineers with expertise in cold chain management, package engineering, and regulatory compliance. Their approach combines best practices in process validation, systems qualification, and risk assessment to ensure product quality and patient safety. In 2021, Modality Solutions reported a 64% growth rate and was ranked No. 179 on the Inc. 5000 Regionals: Texas list. The company has also been recognized on Inc. Magazine's national list of fastest-growing private companies for three consecutive years, with a reported revenue growth of 120% between 2015 and 2018.
Key customers and partnerships
Modality Solutions serves a diverse range of clients in the biopharmaceutical industry, including emerging biopharmaceuticals, pharmaceutical manufacturers, cell and gene therapy developers, and companies working on drug-device combination products. Some of their notable clients include Teva, Immunomedics, Atara Bio, CSL Plasma, Abbott Vascular, and Regeneron. The company also works with public health organizations, assisting in the deployment of vaccines and therapeutics. Additionally, Modality Solutions collaborates with regulatory consultants and biopharmaceutical investors to provide cold chain validation services and strengthen due diligence processes for portfolio businesses.

Modality Solutions

Moffett Automation specializes in automated pallet storage solutions, with their flagship product being the Moffett Taxi System. The company's technology focuses on maximizing storage capacity in warehouses, allowing businesses to store more pallets per square meter than other automated storage solutions available globally. Moffett Automation's system is designed to utilize warehouse space efficiently, from floor to roof, enabling companies to scale their storage capabilities. The company combines innovative technology with seven decades of experience in the field to develop their solutions. Their automated storage system aims to streamline various aspects of warehousing operations, potentially leading to increased profits and operational efficiency for their clients.

Moffett Automated Solutions

NewCold is a global leader in advanced food logistics, specializing in automated cold storage and distribution solutions. The company operates state-of-the-art automated warehouses across Europe, Australia, and North America, with a total capacity of over 1.3 million pallet positions as of 2024. NewCold's facilities utilize proprietary software and technology to ensure food safety and quality while being approximately 50% more energy-efficient than traditional cold stores. The company's automated systems enable high-volume storage and retrieval, with some facilities capable of handling over 11,000 pallet movements per day.
NewCold's warehouses feature vertical layouts optimized for pallet storage, with some facilities standing over 14 stories tall. The company's technology includes automated pallet handling systems, unmanned stacker cranes, conveyors, and automated truck unloading systems. NewCold's proprietary warehouse management software and control systems are developed in-house, allowing for seamless integration with customers' ERP systems. The company also offers transportation services, utilizing a fleet of over 200 trucks and 500 trailers as part of its end-to-end supply chain solutions.
In recent years, NewCold has significantly expanded its presence in North America. In October 2023, the company opened a USD 300 million facility in Lebanon, Indiana, which is set to be one of the largest and most advanced cold storage facilities in the world. NewCold also operates facilities in Tacoma, Washington, and Burley, Idaho. The company has announced plans to add 25 more facilities in North America by 2030 to meet growing demand.

NewCold

CryoLogistics offers SnowSHIP technology for shipping perishable goods with precise temperature control from source to destination. The company's solution incorporates embedded IoT connectivity to ensure the safety, security, and traceability of goods throughout the supply chain. SnowSHIP utilizes one of nature's most abundant natural refrigerants, which helps lower a company's carbon footprint and positions users as climate-friendly service providers. This technology aims to provide an innovative approach to temperature-controlled logistics, addressing the needs of businesses dealing with perishable items.

CryoLogistics

Companies providing cold chain storage solutions, such as refrigerated facilities and warehouses for the secure storage of temperature-sensitive goods

Companies offering technologies to track and maintain precise temperature conditions throughout the entire supply chain, such as IoT sensors and temperature monitoring devices

Companies that design and produce packaging solutions to safeguard the integrity of temperature-sensitive products during transport

Companies that facilitate the safe and controlled movement of temperature-sensitive goods from one location to another, employing specialized equipment and logistics

Companies that provide technology-driven solutions to optimize and manage parts or all of the cold chain process

Virtual cold chain models are developed to assess the efficiency and efficacy of cold chain alternatives.

Temperature monitoring solutions include IoT sensors for monitoring products during transportation and storage.

Cold chain innovations provide real-time monitoring into the condition of products during transit.

AI/ML aid cold chain optimization by utilizing modeling capabilities in selecting the best cold chain alternatives.

Blockchain-based cold chain solutions enables supply chain transparency,  food safety, and cold chain compliance.

Certain packaging solutions contribute towards a circular economy by creating insulated packaging using repurposed materials.

Cold chain innovations improve the performance of cold chains and thus reduce waste, thus contributing to sustainability.

Project44 is a technology company that specializes in supply chain visibility and logistics connectivity solutions. The company’s platform “Movement” connects shippers, carriers, and logistics service providers to provide real-time visibility of the location and status of shipments. It also offers insights and connectivity across borders, helping businesses manage complex, multi-country logistics. This enables businesses to track and manage the movement of goods and shipments from the point of origin to the final destination.Since its inception, the company has expanded globally by acquiring visibility providers such as GateHouse Logistics, Ocean Insights, ClearMetal, and Convey. It has also built a carrier network with over 238,000 carriers, as of October 2023. In May 2023, the company reported that its platform tracked more than 1 billion unique shipments annually for over 1,300 brands, which included companies from industries such as manufacturing, automotive, retail, life sciences, and chemical and gas.In April 2023, Project44 launched “Movement GPT,” a generative AI assistant for supply chain. This feature allows users to interact within the Movement platform in natural language to track shipments and identify supply chain risks.In August 2024, project44 <a href="https://sp-edge.com/updates/32957">launched</a> Emissions Monitoring, a new feature within its Movement platform. This tool helps shippers, carriers, and logistics service providers measure and report Scope 3 emissions across all transportation modes to improve sustainability and compliance. Earlier In <a href="https://sp-edge.com/updates/31195">July 2024</a>, it introduced enhanced electronic bill of lading capabilities across LTL industry. Also, in the same month it <a href="https://sp-edge.com/updates/31686">launched</a> expanded capabilities and reach for its Appointment Management product to offer a centralized view of facility appointments, enabling shippers to monitor trailer ETAs against scheduled appointments in real-time and proactively manage exceptions.In 2021, Project44 reported an annual recurring revenue of more than USD 100 million. In November 2022, the company was valued at USD 2.7 billion. In September 2024, it also <a href="https://sp-edge.com/updates/33426">opened</a> a new office in Bengaluru, India, which will support its global expansion and serve as one of the company's Centers of Excellence.Key customers and partnershipsAs of October 2023, the company's customers included leading brands such as Nestlé, Convoy, DHL, Uber Freight, and Bayer.In July 2024, project44 expanded its presence in China by launching its Movement platform in the market, making the advanced user interface available to all users in China. The expansion leveraged a new partnership with Baidu, a China-based multinational tech leader, to enhance visibility for customers operating in China. As part of the partnership, project44's over-the-road (OTR) maps in China will be powered by Baidu, improving the company's ability to provide real-time, transparent information to customers.In May 2023, the company entered into a partnership with asset intelligence company, Nexxiot, to enable the delivery of real-time network insights and IoT-centric conditional and location monitoring. Further, in January 2024, the company partnered with Lenzing Group, a specialty fiber producer, to enhance Lenzing Group's ocean shipment visibility with a focus on carbon emissions monitoring. The collaboration involves the creation of an updated real-time shipment visibility tool that collects carbon emissions data at the shipment and container levels.

Supertrace offers a web-based platform to enable transparency and traceability across supply chains. The company assigns digital identities for physical commodities—a digital code that can be scanned using iOS or Android phones—and stores them in a blockchain database to make them connected and verifiable. This lets users obtain end-to-end visibility of product movements and enables them to manage fraud, ​​identify inefficiencies, and authenticate products in the supply chain while building trust with connected stakeholders.The platform features both software and hardware components and comes as a “plug-and-play” solution that can easily be integrated with existing ERP solutions and third-party systems. As of October 2023, the company claimed that the platform had the capacity to track over 300 million products per year.Key customers and partnershipsAs of October 2023, the company’s platform was used by over 60 companies across the world.

Supertrace

Exiger provides software and tech-enabled tools to manage supply chains through AI-powered solutions. These solutions focus on providing visibility across supply chains and mitigating risks in strictly regulated industries, critical infrastructure companies, defense contractors, financial institutions, and government agencies. They also aim to monitor regulatory compliance and combat financial crime.&nbsp;The company's product portfolio includes solutions such as Supply Chain Explorer, SDX, ExploreRx, and PAC, which are developed to provide visibility across supply networks. Also, its products, such as DDIQ, Screen IQ, and Insight 3PM, are aimed at facilitating risk-screening processes and managing business relationships. In May 2023, the company acquired Ion Channel, adding a platform to its product portfolio to facilitate supply chain risk management.&nbsp;In September 2023, Exiger launched 1Exiger, its new supply chain platform that integrates and provides access to Exiger's products—DDIQ, Insight 3PM, Ion Channel, SDX, and Supply Chain Explorer. The company planned to scale up the platform over the following decade and developed a long-term roadmap to introduce new capabilities.The company operates in the US, Canada, London, Bucharest, Singapore, and Australia. As of October 2023, the company had more than 800 employees across its global offices.In August 2024, Exiger&nbsp;<a href="https://sp-edge.com/updates/32429">acquired</a> XSB for an undisclosed sum. Through this acquisition, Exiger aimed to enhance its capabilities in depot maintenance, category management, parts obsolescence, parts alternatives, price defensibility, and supply chain optimization. In&nbsp;<a href="https://sp-edge.com/updates/31249">July 2024</a>, Exiger also acquired Versed AI to enhance AI-driven supply chain visibility. Also, in the same month the company&nbsp;<a href="https://sp-edge.com/updates/32093">acquired</a> aDolus Technology Inc. for an undisclosed sum. The acquisition allowed Exiger to integrate aDolus' ability to generate software bills of material (SBOMs) and analyze binary for software provenance.&nbsp;In 2021, it was reported that Exiger had achieved in excess of 100% compound annual growth in software license revenue worldwide over the previous four years.&nbsp;Key customers and partnershipsAs of October 2023, Exiger was providing its services to 550 Global customers across the world, including 150 companies featured in the Fortune 500 list and over 50 government agencies.In May 2024, Exiger partnered with Kharon, a leader in risk analytics, to enhance global supply chain security efforts. As part of the collaboration, Exiger’s AI-powered supply chain management platform will be combined with Kharon’s insight into supply chain risk to provide a robust and dynamic risk analysis framework.Earlier in March 2024, Exiger entered a strategic partnership with aDolus Technology Inc., an authority in software intelligence for critical infrastructure. The partnership enables Exiger to incorporate aDolus' software into its supply chain platform. This integration will allow for the analysis of firmware and industrial control software for potential vulnerabilities. This collaboration allows both companies to offer improved visibility and risk assessment capabilities in operational technology to their Federal Government and corporate clients.

Exiger

<div>
 
 Chain.io offers a cloud-based integration platform that connects shippers and freight companies across the global supply chain. The company&rsquo;s pre-built adaptors enable shippers and freight companies to integrate their legacy systems with modern API-based SaaS tools to provide them with visibility across their supply networks to efficiently manage freight.
 
 
 
 
 Beyond mere integration, the platform automates freight operations with pre-configured plugins built to expedite the booking, moving, and delivery of freight. This includes automation focused on PO management, securing freight insurance, sending advanced shipment notices (ASN), and invoice processing as well as improving the overall efficiencies in agent, carrier, and customs operations. The platform also enables advanced insights through the aggregation of data from multiple sources into a centralized database. The platform feeds this information into internal reporting and is populated in external dashboards to provide visibility on key operational metrics and environmental impacts.
 
 
 
 
 Key customers and partnerships
 
 
 
 
 As of October 2023, Chain.io&rsquo;s platform was used by leading brands such as Ex Works, Janel Group, John S Conner, Magnate Worldwide, OIA Global, and Jaguar Freight Services. As of June 2022, the company claimed that 10 of the 15 world&rsquo;s largest freight forwarders were also using its platform.
 
 
 
 
 Funding and financials
 
 
 
 
 In June 2022, the company raised USD 11 million in a Series A funding round co-led by Fontinalis Partners and High Alpha. The funding was aimed at expanding the company&rsquo;s network of native integrations to the industry&rsquo;s supply chain technology platforms and to expand its geographical reach across North America, Europe, and Asia.
 
 
 
</div>

Chain.io

<div>
 
 Overhaul offers a device-agnostic supply chain visibility and risk monitoring solution to monitor and manage in-transit shipments. The company&rsquo;s technology-driven platform provides real-time visibility into the transportation of high-value cargo and critical shipments, ensuring the integrity of the supply chain. In addition, the platform provides insights using AI-powered predictive analytics for risk monitoring, enabling its users to mitigate potential risks, such as theft, damage, or disruptions. The platform also offers solutions to simplify compliance and documentation processes and assist in managing regulatory requirements, inspections, and certifications in the transportation industry.
 
 
 
 
 Overhaul&rsquo;s products and solutions are geared toward global industries such as pharmaceutical and healthcare, technology, logistics, and food and beverage. According to the company, in 2023, it is expected to track more than USD 1 trillion in shipments in transit.
 
 
 
 
 Key customers and partnerships
 
 
 
 
 As of October 2023, the company was offering its products to leading brands such as Microsoft, Dyson, GoPro, Bristol Myers Squibb, and J.B. Hunt.
 
 
 
 
 In April 2023, the company partnered with MCA Connect to offer a comprehensive set of integrated solutions aimed at helping organizations achieve end-to-end supply chain visibility and automate processes.
 
 
 
 
 Funding and financials
 
 
 
 
 In March 2023, the company raised USD 73 million as new growth capital. The funding consisted of USD 38 million in equity and USD 35 million in non-dilutive debt. The round was led by growth equity investor Edison Partners. The proceeds were expected to be used for global expansion, product development initiatives, and to fund the acquisition of security services provider SensiGuard.
 
 
 
</div>

Overhaul

Information sharing and collaborative planning platforms that enable communication, coordination, and collaboration among supply chain partners.

Platforms that provide vendor risk intelligence to facilitate vendor due diligence and onboarding, compliance monitoring, contract management, and cybersecurity assessments.

Supply chain tech is frequently depedent on IoT for connecting different links of the supply chain

Supply chain tech contributes towards sustainability through efforts to reduce waste, loss and emissions through improving supply chain operations and accuracy.

Uses blockchain to create transparent, and secure records of transactions and product movements

The platforms facilitate tracing and tracking of products through the supply chain

PROMINENT_CATEGORY

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 Supply chain visibility platform provider, project44, has launched an improved carrier onboarding Service Level Agreement (SLA) promising 95% data compliance within 60 days of implementation. This SLA applies to both customers and carriers adhering to project44's best practices.
 The updated SLA's main focus areas are data availability for continuous access to precise data, milestone completeness for accurate recording and reporting of all milestones, and latency for on-time and reliable data delivery. AI-driven tools and data science techniques are utilized across all modes to improve data accuracy.
 According to project44, their enhanced SLA is bolstered by a sophisticated technological infrastructure that embraces all modes and employs advanced data science techniques. Its carrier network, comprising over 298,000 providers, handles more than 1.5 billion shipments each year across 186 countries, aiding customers in lowering costs, refining operations, and enhancing customer experience.
 
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Project44

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