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Associated Press
27-02-2025
- Automotive
- Associated Press
Shippeo Named a Leader in the 2025 Gartner® Magic Quadrant™ for Real-Time Transportation Visibility Platforms for Second Consecutive Year
Shippeo, has been named a Leader in the 2025 Gartner® Magic Quadrant™ for Real-Time Transportation Visibility Platforms. This recognition follows a $30 million strategic funding round led by Woven Capital, Toyota's growth fund, further highlighting industry excitement for Shippeo's high customer satisfaction, category-leading data quality, and unique vision to enable sustainable and antifragile supply chains. This press release features multimedia. View the full release here: 'We are honored to be named a Leader for the second consecutive year,' said Pierre Khoury, CEO & Co-founder of Shippeo. ' We believe this recognition reflects our strong momentum in new markets and unwavering commitment to delivering cutting-edge visibility solutions that generate tangible value for our customers and partners. As real-time transportation visibility adoption accelerates across North America, Europe, and APAC, companies increasingly recognize the critical role of high-quality visibility data in enhancing customer satisfaction, reducing operational costs, optimizing supply chain efficiency, and driving sustainability initiatives.' Shippeo's global expansion continues at pace, with its platform now tracking over 90 million shipments annually across 150 countries. Growth in North America has been particularly strong, driven by strategic partnerships with e2open, Google, and SAP. Over the past year, the region has experienced a 40% increase in customers, a 92% rise in shipments tracked, and 210% year-over-year revenue growth, with industry leaders such as Amazon, Lassonde Industries, and Yamaha Motor North America choosing Shippeo. As the U.S. market matures, more companies are switching vendors due to concerns over data quality, a key differentiator that continues to position Shippeo as the preferred visibility provider. In APAC, Shippeo has recorded a 53% increase in its customer base and a 64% rise in shipments tracked. The company has also launched new tracking capabilities in Mainland China, reinforcing its ability to deliver robust, real-time visibility solutions in highly complex logistics environments. Major brands such as Arlanxeo, Evonik, Fujifilm, and Philip Morris International have turned to Shippeo to enhance supply chain performance across the region. Beyond expansion, Shippeo continues to set the industry standard for customer satisfaction. Shippeo currently has a score of 4.9 out of 5 on Gartner® Peer Insights™ and willingness to recommend score of 98% based on 86 reviews in the past 12 months. We believe Shippeo remains the most recommended provider, reinforcing our reputation for technology excellence and customer success. About Shippeo Shippeo is a global leader in real-time multimodal transportation visibility, helping major shippers and logistics service providers operate more resilient, sustainable, and customer-centric supply chains. This is made possible with highly accurate real-time operational visibility and Transport Process Automation™ to streamline transportation processes, reduce latency and improve operational efficiency. Their Multimodal Visibility Network integrates with more than 1,100 TMS, telematics and ELD systems, enabling Shippeo's platform to provide instant access to real-time shipment tracking across all transport modes, in a single portal, through an intuitive user experience. A proprietary and industry-leading machine learning algorithm offers unmatched ETA accuracy, allowing supply chain companies to quickly anticipate problems, proactively alert customers, efficiently manage exceptions with collaborative workflows, and GHG emissions from supply chain transport. Hundreds of customers, including global brands like Ahold Delhaize, AkzoNobel, Amazon, Arlanxeo, Barilla, Birra Peroni, Bosch Siemens Hausgeräte, Carrefour, Coca-Cola HBC, DP World, Evonik, Fujifilm, Hartmann Group, Heineken, Kuehne+Nagel, L'Oréal, LVMH, Renault Group, Sabic, Saint-Gobain, XPO Logistics and Yamaha Motor, trust Shippeo to track more than 90 million shipments per year across 150 countries. Learn more at . Disclaimer: GARTNER is a registered trademark and service mark and MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved. Gartner 'Magic Quadrant for Real-Time Transportation Visibility Platforms 2025' by Carly West, Oscar Sanchez Duran, and Nathan Lease, 24 February 2025 Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular Purpose. SOURCE: Shippeo Copyright Business Wire 2025. PUB: 02/27/2025 11:10 AM/DISC: 02/27/2025 11:09 AM
Yahoo
29-01-2025
- Automotive
- Yahoo
AI-driven vehicle inspection startup UVeye raises $191 million in equity, debt
By Nick Carey (Reuters) - UVeye, a startup that uses AI-driven technology to inspect vehicles to avoid defects and target repairs, said on Wednesday it has raised $191 million in debt and equity to scale up production in North America and Europe. The company's $41 million funding round was led by Woven Capital, the investment arm of Toyota and its $150 million debt facility was structured by asset management firm Trinity Capital. The latest funding brings UVeye's total capital raised to $380.5 million. UVeye, based in Teaneck, New Jersey, runs what it calls an "MRI for vehicles," using external scanners that inspect underneath and all around vehicles, records the engine sound, plus runs on-board diagnostics in seconds for automakers, new and used dealers, including CarMax, car auction houses and insurance companies. The same manual inspections for defects or repairs take on average 20 to 30 minutes and do not deliver the same consistent results as the artificial intelligence-backed technology used by UVeye, CEO Amir Hever told Reuters. "When someone works a shift of eight to ten hours, they can't inspect every vehicle the same way, I mean you just get tired," Hever said. "Our system simply doesn't get tired." Hever said UVeye's solution detects 96% of vehicle issues compared with 24% in manual service checks. Uveye's AI technology learns to look for problems or defects that are specific to different car models and brands, Hever said. The company has been installing its scanners at Amazon distribution centres in the United States that check every vehicle when it returns from its delivery route. "If there are any safety issues, we ground the vehicle until they fix it," Hever said. Most of UVeye's business so far has been in the U.S. market, but the company plans significant expansion in Europe and should also expand into Japan in 2026, Hever added. (Reporting By Nick Carey. Editing by Jane Merriman)
Reuters
29-01-2025
- Automotive
- Reuters
AI-driven vehicle inspection startup UVeye raises $191 mln in equity, debt
Jan 29 (Reuters) - UVeye, a startup that uses AI-driven technology to inspect vehicles to avoid defects and target repairs, said on Wednesday it has raised $191 million in debt and equity to scale up production in North America and Europe. The company's $41 million funding round was led by Woven Capital, the investment arm of Toyota (7203.T), opens new tab and its $150 million debt facility was structured by asset management firm Trinity Capital. The latest funding brings UVeye's total capital raised to $380.5 million. UVeye, based in Teaneck, New Jersey, runs what it calls an "MRI for vehicles," using external scanners that inspect underneath and all around vehicles, records the engine sound, plus runs on-board diagnostics in seconds for automakers, new and used dealers, including CarMax (KMX.N), opens new tab, car auction houses and insurance companies. The same manual inspections for defects or repairs take on average 20 to 30 minutes and do not deliver the same consistent results as the artificial intelligence-backed technology used by UVeye, CEO Amir Hever told Reuters. "When someone works a shift of eight to ten hours, they can't inspect every vehicle the same way, I mean you just get tired," Hever said. "Our system simply doesn't get tired." Hever said UVeye's solution detects 96% of vehicle issues compared with 24% in manual service checks. Uveye's AI technology learns to look for problems or defects that are specific to different car models and brands, Hever said. The company has been installing its scanners at Amazon (AMZN.O), opens new tab distribution centres in the United States that check every vehicle when it returns from its delivery route. "If there are any safety issues, we ground the vehicle until they fix it," Hever said. Most of UVeye's business so far has been in the U.S. market, but the company plans significant expansion in Europe and should also expand into Japan in 2026, Hever added.
