Chicago and Chennai-based supply chain visibility startup FourKites raised $10 million investment from Mitsui & Co., Ltd., a Japanese conglomerate.
FourKites tracks over 2.8 million shipments per day across multiple channels. The investment is part of the two companies’ ongoing strategic relationship. FourKites and Mitsui & Co., Ltd. intend to formalise their partnership by the end of the year, according to the startup. The Japanese conglomerate wants to put more money into expanding the startup’s reach in APAC. The strategic partnership will initially focus on Japan, but will eventually expand throughout APAC. The startup claims to have over 1,100 clients and to be present in over 200 countries and territories.
