Self-driving technology company, ISEE, has raised $40 million in a Series B funding round led by Founders Fund, that included Maersk Growth, Eniac Ventures, New Legacy and other new and existing investors. This brings ISEE’s total funding to $70 million since the company was spun out of MIT in 2017.
With ISEE’s self-driving yard trucks, logistics yard operators can gain predictability in a supply chain world that is anything but. Predictable capacity, performance, safety — and cost savings — all in the midst of a global supply chain crisis. It’s a value proposition that is resonating with companies who are already leveraging advanced technology to modernize their global operations, including Fortune 100 companies in e-commerce, retail, automotive OEM, as well as major 3PL players.
With ISEE’s technology, customers can achieve 30% IRR, while simultaneously benefiting from a sophisticated tech stack that enables them to manage their operations with unprecedented efficiency. ISEE is winning too: revenue has grown by more than 20x in the past 12 months alone. Co-founder, President & COO Debbie Yu feels this is only the beginning, “With this new funding and strong customer pipeline, we’re excited to scale our operations and accelerate our business growth so that we can bring our self-driving technology to more customers.”