Flexport sells former freight unicorn Convoys tech two years after buying it | TechCrunch

Image for article Flexport sells former freight unicorn Convoys tech two years after buying it | TechCrunch
News Source : TechCrunch

News Summary

  • Two years ago, Flexport bought Convoy, a former freight tech unicorn that had closed up shop.
  • Now it’s sold that platform and delivered a “massive return on investment for Flexport.” Flexport announced the sale on Monday to DAT Freight & Analytics but declined to disclose terms.
  • The sale comes just a few months after the rollout of a suite of AI-powered tools, and a plan to launch waves of new products for its customers twice a year.
Two years ago, logistics company Flexport bought the assets of Convoy, a former freight tech unicorn that had closed up shop. Now its sold that platform and delivered a massive return on investment [+1105 chars]

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