FarEye raises $25 million in Series D round

Date posted: Wednesday 6 May 2020

FarEye has closed a $25 million (about Rs 191 crore) funding round led by M12, the venture arm of global technology giant Microsoft, with participation from Eight Roads Ventures and Honeywell Ventures. The enterprise-focused logistics Software as a Service company, founded by Kushal Nahata, Gautam Kumar and Gaurav Srivastava in 2013, will use the proceeds from the latest round to further invest in its proprietary platform’s predictive capabilities, ramp up partnerships, expand into new markets, and accelerate growth across Europe, Asia Pacific and the United States, it said.

(ET Tech)