ReutersJun 01, 2020 00:16:04 IST
By Maria Ponnezhath
(Reuters) – Amazon.com Inc Chief Govt Jeff Bezos has picked British startup Beacon, a digital freight forwarder, for his newest funding.
Beacon mentioned on Sunday it raised over $15 million in Collection A fundraising, from traders together with Bezos and enterprise capital agency 8VC.
The startup, shaped by two former Uber Applied sciences Inc executives two years in the past, is already backed by Uber founders Travis Kalanick and Garrett Camp, together with former Google CEO Eric Schmidt.
Beacon can be a provide chain finance agency that gives real-time knowledge of cargo supply and a market view of worldwide delivery prices and costs.
“With digitalisation accelerating globally because of COVID-19, we consider the way forward for the normal freight forwarder is extra precarious than ever,” CEO Fraser Robinson mentioned in an announcement.
Beacon, whose logistic companies embody world ocean, air and truck freight, mentioned the funds raised might be invested in new hires, expertise and market growth.
Amazon didn’t instantly reply to request for remark.
(Reporting by Maria Ponnezhath in Bengaluru; Modifying by Lisa Shumaker)
This story has not been edited by Firstpost workers and is generated by auto-feed.
Discover newest and upcoming tech devices on-line on Tech2 Devices. Get expertise information, devices evaluations & rankings. Widespread devices together with laptop computer, pill and cell specs, options, costs, comparability.