Flexport

Flexport sells former freight unicorn Convoy’s tech two years after buying it

Transportation /

Two years ago, logistics company Flexport bought the assets of 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. “Over the past 18 […]

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Flexport CEO Ryan Petersen’s high-stakes test amid tariff turmoil: ‘You can’t be freaking out’

Startups /

At 11 a.m. in California last Thursday, the day after President Donald Trump declared sweeping new tariffs under what he dubbed “Liberation Day,” Ryan Petersen was live on camera, fielding questions from a virtual room packed with more than 2,300 anxious customers. The founder and CEO of Flexport, a now 12-year-old global logistics and customs

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Flexport releases onslaught of AI tools in a move inspired by ‘founder mode’

AI /

Freight forwarding and logistics company Flexport is rolling out a suite of new products and features, many of which use AI, in what the company says will be the first in a series of semi-annual announcements of this kind.  If that sounds similar to Airbnb’s approach to seasonal product announcements, that’s because it was the

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Eclipse opens an NYC office with plans to bolster its presence on the East Coast

Venture /

After nearly a decade, industrials-focused VC Eclipse expanded out of Silicon Valley. The firm opened its second office in New York’s Soho neighborhood with plans to invest more on the East Coast. Eclipse backs startups in sectors including manufacturing, supply chain, healthcare, and infrastructure, among others, both through its seed and early growth-focused funds. Since

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Friends & Family Capital, a fund founded by ex-Palantir CFO and son of IVP’s founder, unveils third $118M fund

Venture /

Small VC firms require deep trust, mutual support, and long-term commitment among the partners —a kinship that, in many ways, resembles a family dynamic. Colin Anderson (Palantir’s ex-CFO and former research VP at Peter Thiel’s Clarium Capital) and John Fogelsong (the son of IVP co-founder Norm Fogelsong) didn’t need to cultivate a family-like relationship before

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