June 10, 2020 (Austin, TX)
Shipwell, a 3-in-1 SaaS Shipping solution, was named a Forbes 2020 Next Billion-Dollar Startup. For the last six years, Forbes has worked with TrueBridge Capital Partners to identify the 25 fastest-growing venture-backed startups most likely to reach a $1 billion valuation. From the hundreds of companies nominated, Shipwell was selected as a result of its quick growth and vision to transform the logistics industry.
“Since the global pandemic, companies have realized that the supply chain is no longer back-office,” said Jason Traff, Shipwell President. “It is mission critical.” Shipwell uses AI and machine learning to offer freight tracking and analytics that can improve efficiency and save customers millions in shipping costs. Its cloud-based technology enables mid-market and enterprise shippers to realize near immediate returns on their TMS software investment.
In 2017, Traff and Shipwell CEO Greg Price founded Shipwell to solve common supply chain issues. Recalling a previous venture, Traff said, “we dealt with blackmail, extortion and one kidnapping. We solved all the problems, except for shipping”.
Combining their experience and tech-focused vision of improving the logistics industry, Traff and Price built Shipwell into the TMS that it is today. They have raised $47 million in funding to date ($35 million series B round in October, 2019) and grew estimated revenue to $30 million in 2019.
Shipwell is proud to be recognized as a Forbes 2020 Next Billion-Dollar Startup and is excited to continue making strides to transform the logistics industry.
Shipwell ® is transforming the supply chain industry by replacing opaque and manual processes through a tech-enabled, fully connected logistics ecosystem with more than 500,000 carrier partners. Our platform uses machine learning to analyze over 100 million rows of real-time data every day, reducing waste and friction, delivering better business intelligence, and driving continuous improvement across our customer supply chains. Shipwell is proud to be recognized by industry experts as a Gartner Magic Quadrant TMS honorable mention and 2020 Forbes Next Billion-Dollar Startup.
For more information about Shipwell visit shipwell.com, or connect with us on Twitter @shipwell, LinkedIn, and Facebook.com/Shipwellinc.
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