Wakeo, a provider of a SaaS platform for real-time visibility on B2B multimodal transport flows, has announced it has secured $19.6 million in new funding. The company's solution offers real-time tracking across sea, air, rail, and road transport, helping shippers, freight forwarders, and carriers enhance customer experience, proactively anticipate delays, and objectively assess performance. Wakeo's platform aims to transform supply chains from reactive to predictive by consolidating all transport providers into a single digital interface.
The core of Wakeo's offering lies in its use of machine learning and advanced in-house algorithms to calculate predictive Estimated Times of Arrival (ETAs). This capability allows businesses to anticipate and manage deviations or delays by exception, thereby improving operational efficiency and reliability. The platform is currently utilized by notable customers such as Air Liquide, Gefco, Faurecia, and Chryso, demonstrating its applicability and value in complex logistics environments.
This capital infusion marks a significant milestone for Wakeo, providing substantial resources to accelerate its strategic objectives. The company plans to deploy the funds to further enhance its technology platform, expand its market reach, and scale its operations globally. This investment underscores confidence in Wakeo's innovative approach to supply chain visibility and its potential to address critical challenges faced by the logistics industry.
With this new funding, Wakeo is well-positioned to continue its trajectory of growth and innovation. The company aims to solidify its position as a leader in real-time transport visibility, enabling more resilient and efficient supply chains worldwide. This strategic investment will support Wakeo's mission to deliver a new transport experience, driving further advancements in predictive logistics and customer satisfaction.
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