Banyan Technology
Latest round
- Series B
Last raised
- Mar 2007
Total raised
- $0.9M
Investors
- 1
About Banyan Technology
Banyan Technology, Inc., headquartered in Cleveland, US, was founded in 2001 and focuses on optimizing freight management.Banyan Technology offers a comprehensive suite of freight management solutions centered around its patented LIVE Connect® shipping software, which serves as an all-in-one platform for over-the-road (OTR) freight management. The core product facilitates efficient management of various shipping modes, including Truckload (TL), Less-Than-Truckload (LTL), Parcel, and Final Mile delivery. By integrating direct API carrier connections and advanced features such as predictive pricing and geofencing, the software enhances operational efficiency and security for logistics operations. With a client base that includes shippers, third-party logistics providers (3PLs), and supply chain partners across North America, Banyan's solutions are designed to streamline freight operations, provide real-time tracking, and optimize shipping costs.Banyan Technology generates revenue primarily through its subscription-based model for its LIVE Connect® software, which is offered to logistics companies, shippers, and 3PLs for fee structures that reflect usage and service levels. Clients engage in transactions that may involve annual or monthly subscriptions, allowing them access to the software’s features and functionality. With a focus on enhancing supply chain visibility and efficiency, the company’s offerings include tiered pricing that correlates with the number of users, the extent of features utilized, or the volume of freight managed. Flagship services, such as automated load tendering and integration with a wide range of carriers, contribute to the overall value proposition, attracting a diverse clientele that benefits from optimizing their logistics operations.Moving forward, Banyan Technology aims to enhance its product offerings with upcoming features and capabilities on its LIVE Connect® platform designed for release in the near term. The company is also exploring opportunities for expansion into new geographic regions, specifically targeting growth in underserved markets in North America over the next two years.
Who invested in Banyan Technology
1 investor across 2 rounds
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Questions about Banyan Technology
Who invested in Banyan Technology?
Banyan Technology has 1 investor on record across 2 venture rounds. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Banyan Technology raised?
Banyan Technology has raised 2 venture rounds. Sign up free to see how much each round raised and the total.
When did Banyan Technology last raise money?
Banyan Technology's most recent round on record is a Series B, in Mar 2007.
What does Banyan Technology do?
Banyan Technology is a software company.
Where is Banyan Technology headquartered?
Banyan Technology is headquartered in Cleveland, US.
Which VCs invest in companies like Banyan Technology?
Among active investors with capital left to deploy, Andreessen Horowitz, Founders Fund, Accel and Thrive Capital back software companies at Banyan Technology's stage. Their profiles are linked below.
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