Major investment for SaaS platform provider

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FarEye, developers of mailing logistics Software as a Service (SaaS) platform, has announced a Series D investment of USD 25 million led by M12 (Microsoft’s venture fund) with participation from Eight Roads Ventures and Honeywell Ventures.  

Existing investor SAIF Partners also participated in the round. 

Kushal Nahata, CEO, FarEye, says, “We will use this investment to create greater value and improve the experience for our customers by enhancing the platform’s predictive capabilities, increasing platform partnerships, expanding into new markets and growing our teams in Europe, APAC & US.”  

FarEye’s predictive logistics platform enables enterprises to orchestrate, track, and optimize their logistic operations. Currently FarEye handles more than 10 million transactions everyday across 20 countries for B2C and B2B segments. 

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