User:DiatovKianov/sandbox

FarEye is an intelligent delivery management platform providing the holistic delivery experience for carriers, shippers and end customers. The organization was founded with the objective to introduce artificial intelligence, machine learning and automation to delivery processes across retailers, manufacturers, food and grocery and third-party logistics/transportation enterprises.

History and Description
FarEye was founded in the year 2013 by Kushal Nahata, Gaurav Srivastava and Gautam Kumar. FarEye is headquartered in Noida with its offices in Chicago, London, Dubai, Noida and Singapore. In 2014, FarEye raised $317K million from Indian Angel Network in a Series A round of funding. In January 2016, FarEye raised $3.1M Series B funding from Elevation Capital. In 2017, FarEye won World Post and Parcel award.

In 2018, FarEye acquired freight logistics marketplace Dipper Technologies in a cash and stock transaction. During this time, FarEye was recognized in Gartner’s Market Guide for Real-Time Transportation Visibility Providers. In 2019, FarEye partnered with Zalora to enhance the customer shopping experience. In January 2020, Hindustan Zinc (HZL) partnered with FarEye to build the logistics industry’s 1st Digital Control Tower. FarEye added $37.5 million in Series D funding in 2020 from M12 (Microsoft's Venture Fund), Eight Roads Ventures, Honeywell Ventures, Elevation Capital, Fundamentum Partnership and KB Investment Group. In the same year, Ex-Blue Yonder executive Amit Bagga was appointed as chief revenue officer of FarEye. In January 2021, FarEye announced Employee Stock Ownership Program liquidity program. The program included the distribution of $739K to liquidate eligible ESOP options. In February 2021, former Dropbox executive Suvrat Joshi was appointed as chief product officer of FarEye. A month later in March 2021, FarEye acquired the logistics technology startup PY Technologies. PY technologies, earlier known as PRTouch, was founded by Jignesh Vasani in 2012. He joined FarEye as vice-president. In May 2021, FarEye raised $100 million in its Series E round, which was co-led by TCV and Dragoneer Investment Group. Existing investors M12, Eight Roads Ventures, Fundamentum, and Honeywell also participated in the round. In June 2021, FarEye partnered with Drone Express, a commercial drone delivery service and a division of TELEGRID Technologies to power autonomous drone deliveries for retailers in the United States  In early September 2021, FarEye announced that its intelligent delivery management platform to be available on SAP Store.