Chicago, IL – According to filings with the U.S. Securities and Exchange Commission, FourKites is raising $80,009,062.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Mathew Elenjickal played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About FourKites
FourKites is the worlds leading supply chain intelligence platform, delivering real-time visibility and execution for Fortune 500 companies and third-party logistics firms across 200 countries. Using a patented artificial intelligence to calculate shipment arrival times, FourKites enables customers to lower operating costs, improve on-time performance, and strengthen end-customer relationships. Tracking over 2.5 million shipments each day, FourKites covers all modes, nodes and signals to extend visibility beyond transportation into yards, warehouses, stores and more. The platform provides a single view of your entire supply chain and is optimized for mobile, equipped with market-leading end-to-end security.

To learn more about FourKites, visit http://www.fourkites.com/

Contact:
Mathew Elenjickal, Chief Executive Officer
888-466-6958
mathew@fourkites.com
https://www.linkedin.com/in/mattelenjickal/

SOURCE: http://www.intelligence360.io
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