project44 (p44) announced it has attracted $35 million in funding since the company’s 2016 Series A for its supply chain visibility and global shipping platform. OpenView led the financing with additional investment from new investor 8VC and existing investors Emergence Capital and eBay founder Pierre Omidyar’s firm, among others.
p44 distills shipments into six automations for processes in pricing, routing, scheduling, tracking, delivery documentation, and payments.
“In today’s connected world, data is power. The amount of information available to an organization and its ability to glean insight from its data is what separates any company from its competition,” states Jim Baum, venture partner at OpenView who joins the p44 board. “p44 is building a category defining company. We invested because their unique approach provides customers the ability to unearth, manage, analyze and act upon all of their data, regardless of where it originated or resides.”
GE Transportation, a customer of p44, uses its platform to rapidly stitch together multimodal and multinational shipment workflows.
“With project44, we take a step closer to providing a more visible and reliable port-to-door ecosystem,” commented Jennifer Schopfer, vice president and General Manager of GE Transportation Transport Logistics. “We can seamlessly and instantly connect transportation data from railroad networks, yards, intermodal terminals, and maritime ports into a single transportation management workflow.”
“Our goal from day one has been to create opportunities for individuals, companies, and communities by reimagining how to execute in a way that hasn’t been done before,” stated project44 CEO and Founder Jett McCandless.
