Tata Steel is one of the prominent names in the steel-making industry boasting over three decades of manufacturing expertise. The company is currently the world's second-most geographically-diversified steel producer, with fully integrated operations -- from mining to the manufacturing and marketing of finished products. To sustain its leadership position in a volatile market, Tata Steel needed to fortify its supply chain. Poor visibility of in-plant operations was causing delays in loading trucks. This, in turn, triggered a series of inefficiencies like traffic congestions, parking problems, and forced route diversions for inbound/outbound vehicles.

Aiming to facilitate logistics by bringing predictive approaches to transportation and delivery processes, FarEye received an investment of $ 25 million in the D Series investment tour led by Microsoft's corporate venture fund M12. Aiming to facilitate logistics by bringing predictive approaches to transportation and delivery processes, FarEye received an investment of $ 25 million in the D Series investment tour led by Microsoft's corporate venture fund M12. Eight Roads Ventures, Honeywell Ventures and SAIF Partners, one of the venture's previous investors, were the new tour participants. FarEye, which currently has more than 350 employees, aims to increase the number of employees over 500 in a short time. He states that he will use the new investment he received in Europe, Asia and the USA to increase the capabilities of the platform, gain more customers and open to new markets.

The global financial impact from cargo loss as products journey through the supply chain was estimated to be $60 billion in 2016. This astonishingly large figure demonstrates the urgent need for an overhaul of our outdated logistics systems. Fortunately the world of logistics is on the cusp of a radical transformation – fuelled by the powerful combination of mobile computing, analytics, and the cloud. But although this opens up fantastic opportunities, many global organizations are struggling to change fast enough to remain competitive in such a rapidly evolving market. Against this fast moving backdrop, it is easy for poor decisions to be made that will impact an organisation's bottom line considerably if left unchecked.