Descartes acquires US-based GroundCloud for $138 million USD

Funding Rounds

▤ Summary

GroundCloud represents the latest addition to Descartes’ portfolio as the latter continues its active acquisition strategy. Its offerings allow users to monitor and manage numerous processes in logistics such as delivery resources, invoices, documentation, and shipments. Some of its clients include 3M, Air Canada, Canon, CVS Pharmacy, Emirates, The Home Depot, and the United Parcel Service. With GroundCloud, Descartes aims to continue investing in its final-mile capabilities with worker and community safety at the forefront. As part of its mandate to improve safety in final-mile logistics, GroundCloud’s platform also incorporates video telematics to provide driving event detection and verification, combined with reactive coaching solutions.

$ Funding

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Amount - Total raised
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Date - Announcement date
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Investors AirClic Lead investors
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Company - Funded company

▥ Classifications

industries
Manufacturing Industry
applications
Accounting and Taxes

◇ AskAI Classifications

Labels
Supply Chain Software Logistics Software Transportation Management Systems

▦ Linked Companies

GroundCloud
$1M to $5M