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1301 2nd Avenue Suite 1300 Seattle, WA 98101 United States +1 (425) 000-0000 Convoy Timeline 2020 2021 2022 2023 Financing Round Captured Employee Count Estimated Employee Growth Want detailed data on 3M+ companies? Seattle-based Convoy is taking on the $1.2 trillion global trucking and shipping industry with machine learning and a sustainable, efficiency-driven mission. The giant funding infusion also gives Convoy a bigger warchest as some tech startups begin to cut jobs to conserve cash while venture capitalists slow their dealmaking velocity, as reported by The Information this week. Convoy is helping move tens of thousands of truckload shipments per week across the U.S. and has doubled its volume in the past year, Lewis said. All trademarks, service marks and logos used in this report are trademarks or service marks or registered trademarks or service marks of Sacra. Report Scope As Lewis begins talking about Convoy's latest funding round announced Wednesday a $400 million cash infusion raised at a $2.7 billion valuation he points at one in particular: Earn it through. 2 Min Read. Companies such as Convoy are now firmly on their radar, the CEO said. Firms that managed to grow faster and more profitably than their peers during our study period did even better, generating shareholder returns six percentage points above their industry averages. We used a simple measure: industries are similar if they often appear together in corporate portfolios (for example, cable and satellite together with broadcasting, or aerospace and defense with industrial machinery). Uber listed Convoy as a competitor in its IPO prospectus earlier this year. The region that accounted for the largest share of revenue at the start of the analysis period is termed the local or home region, while all other regions are classified as international regions. Some of the companys leaders have left in recent years to pursue their own startups, such as Outgo and Common Room. Our analysis shows that companies growing in a way that increases the similarity of their portfolios earn, While the company is not yet profitable, its a goal. When developing a growth strategy, often the first question on a CEOs mind is, Where should that growth come from? To help find the answer, we categorized revenue increases among our sample companies into growth within the core industry (their largest industry segments at the start of the study period), in secondary industries (smaller but still significant revenue contributors in the first year of our time frame), and in new industries (segments where the companies did not initially have a presence). SIGN UP for our weekly, original newsletter that goes beyond the list, offering a closer look at CNBC Disruptor 50 companies, and the founders who continue to innovate across every sector of the economy.