Gnosis Freight, a provider of container visibility software, has announced that it has received new investment from Vista Equity Partners, an investment firm focused exclusively on enterprise software, data and technology-enabled businesses.
Gnosis launched its Container Lifecycle Management (CLM) platform in 2020, used for tracking and managing containers and allowing users to collaborate with logistics partners, powered by the company’s container tracking engine, Marlo. Gnosis says that it currently monitors more than 95% of global ocean commerce
“We’ve added significant new product capabilities and welcomed a record number of new customers to Gnosis this year – but I believe we are just getting started,” said Austin McCombs, CEO & Co-Founder of Gnosis Freight.
“From the very beginning, we have focused on our customers’ needs and successes as our north star. We are grateful for their support and encouragement, which reinforced our belief in the impact we can create. We feel confident our platform is precisely what our industry has been asking for, and we are eager to get it in the hands of more customers.”
“Our decision to forge this new partnership with Vista builds on this momentum, fuelling our mission to help logistics companies work together better. We are proud to serve the hardworking and creative people in the logistics industry and are committed to doubling down on what has gotten us here – listening to them. Our platform was built with, for and because of the leaders in our space who hold the responsibility of ensuring that goods flow seamlessly around the world.”
Vista’s investment in Gnosis was made by the firm’s Endeavor Fund, which provides growth capital and strategic support to enterprise software, data and technology-enabled companies that have achieved at least $10 million in recurring revenue.
