SAN FRANCISCO » Aug. 27, 2020 » 1
, /PRNewswire/ — Locus, a global B2B SaaS company that automates human decisions in logistics, today announced its recognition in Gartner’s “Hype Cycle for Transportation Industry, 2020” as a Sample Vendor within the Last-Mile Delivery Solutions category. Gartner is a leading research and advisory company.
“These solutions are adaptations of traditional routing and scheduling, wherein a route could be replanned and a dispatcher would control the process. Many of these solutions use AI and machine learning to speed up the optimization process and predict occurrences and impacts based on real-time information,” said Gartner in the research report.
The Locus platform uses deep machine learning and proprietary algorithms to offer smart logistics solutions like route optimization, real-time tracking, insights and analytics, beat optimization, efficient warehouse management, vehicle allocation and utilization. Locus also helps companies optimize their end-to-end supply chain network with its strategic consulting offering.
Southeast Asia » North America » Europe » India » USA » India » Indonesia » Carnegie Mellon University » University of Illinois
Locus presently works with top clients across , , , and . It has offices in the , , , and Vietnam. The top management of the company includes executives from Amazon Web Services (AWS), Barclays Capital, Google, and BlueDart (a DHL company), and data scientists with PhDs from the and the , among others.
Nishith Rastogi
“The COVID-19 pandemic has made last-mile logistics all the more important. With increasing customer expectations, last-mile delivery technology will only become more critical for the success of companies, and in fact, will act as a key differentiator between brands,” said , CEO, Locus. “We are really happy to be named as a Sample Vendor in Gartner’s Hype Cycle for Transportation Industry, 2020, and to see Last-Mile Delivery Solutions receive a ‘high’ benefit rating.”
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Locus was also recently identified as a Representative Vendor in the Gartner “Market Guide for Vehicle Routing and Scheduling” report.
$29 million
The company has so far raised from tier-1 investors like Tiger Global, Falcon Edge, Blume Ventures, Exfinity Venture Partners & growX ventures, among others.
Gartner subscribers can log in to read the full research on the website.
1 » Gartner » Venecia Liu » Thierry Kuperman Le Bihan » Pedro Pacheco » 13 August 2020
, “Hype Cycle for Transportation Industry, 2020,” Ivar Berntz, , , , .
2 » Gartner, “ » Oscar Sanchez Duran » Bart De Muynck
Market Guide for Vehicle Routing and Scheduling,” , , 23 June 2020.
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About Locus
Locus is a deep-tech platform that automates human decisions in the supply chain to provide efficiency, transparency, and consistency in logistics operations.
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The platform uses deep machine learning and proprietary algorithms to offer smart logistics solutions like route optimization, real-time tracking, insights and analytics, beat optimization, efficient warehouse management, vehicle allocation and utilization. Locus powers more than two million deliveries daily across , the Indian Subcontinent, , and North America. Visit our to know more!
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