FreightWaves Features In The Breakout List Of High Potential And Growth Startups
The Breakout List of high potential and high growth start-ups for 2019 has been published, and FreightWaves is on the list, finding itself in the company of several renowned companies including Flexport, Clearbit, Bolt, Airtable, Reserve, comma.ai and DeepMind....MUCH MORE, quite an extensive list
To perceive the list's relevance, it is essential to understand the essence of ‘breakout trajectory,' and its significance in the start-up ecosystem. A term popularized by Y Combinator's Sam Altman, breakout trajectory is a growth metric that people can rely on to judiciously choose a specific start-up to work for that they know has a high probability of success.
By curating a list of start-ups that follow breakout trajectories, breakout lists essentially make it easier for people to pick winners in a specific segment. They also serve to reinforce the success of the start-ups, as they get to select the best talent from the candidate pool, helping set in place a thriving atmosphere within the start-up.
This year's Breakout List has a high density of start-ups that work in the logistics and transportation space, which is in line with the investor interest and the explosive growth of start-ups in the industry in recent years.
Here's the list of companies in the logistics and transportation space that made the cut in this year's Breakout List.
FreightWaves
FreightWaves is a SaaS company, with its lynchpin solution called SONAR – an analytics tool that brings together millions of freight market data points under a single dashboard, delivering a comprehensive view of the U.S. freight market. That apart, the company doubles up as a news site, which currently ranks as the world's largest and most read transportation and logistics news portal, having risen to the top less than two years after its inception. The company recently launched Trucking Freight Futures, which helps participants mitigate their exposure to the volatility of U.S. trucking spot prices.
FreightWaves is also one of the founding members of the Blockchain in Transport Alliance (BiTA), which is the world's largest open standards blockchain platform for the supply chain industry.
Cruise
Cruise Automation aims to make autonomous driving cars a reality and is developing sensors that can capture comprehensive data across all possible complications that can arise on the road. The start-up simulates real-world scenarios in zero-consequence, off-road environments, thus helping the self-driving algorithms to train and learn how to respond during unexpected road experiences.
Convoy
Convoy is a digital freight marketplace that is connecting truck carriers with shippers, third-party logistics providers and logistics forwarders, helping reduce deadhead miles and downtimes. Using data analytics, the company also improves truck utilization and provides the shortest possible truck routes which help fleets save on fuel and time. The company recently stated that it had achieved 100 percent automated matching of loads in its top markets across the country, resulting in no human intervention in the process.
Flexport
Flexport is a freight forwarding company that provides its clients with real-time shipment tracking, analytics and a proactive issue management solution that helps businesses to transport their cargo around the world efficiently. The company helps streamline and automate the largely inefficient process of freight forwarding by digitizing supply chains for seamless global trade. Businesses expedite shipping while having greater visibility and control over their cargo, along with lower transaction rates and cheaper prices.
Samsara
Samsara is a sensor systems company that combines wireless sensors with remote networking and cloud-based analytics to improve safety, efficiency and quality of operations. Sensors can help trucking companies reduce accidents and increase efficiency, as it can monitor drivers and help the management train the ones who display erratic and reckless driving behavior.
DoorDash
DoorDash is a food delivery startup that connects customers with their favorite restaurants through ‘dashers' – people who work as independent contractors in the last-mile on-demand delivery ecosystem. The company has a presence in over 1,500 cities across the U.S. and Canada, and has delivered more than 100 million parcels since its founding in 2013.
Waymo
Waymo is an autonomous driving technology start-up, that is aiming to make transportation safe and affordable for everyone. The company, now part of Alphabet, has been testing its self-driving cars on the road since 2009, and has run several million miles more than its immediate competition in the autonomous driving race. Waymo wants to improve the efficiency of transportation, while offering people new mobility options and ultimately reducing accidents on the road due to human negligence....
