In an industry long resistant to change, project44, a Chicago technology provider whose solution provides an unprecedented level supply chain visibility and connectivity, is priming the industry for a major technology evolution. The company - a 2016 SXSW Accelerator finalist - is scaling in order to do so, as its patented API (Application Programming Interface) technology is already catching on rapidly.
project44 powers the supply chain of the future through global, on-demand connectivity and visibility. By building an enterprise Software-as-a-Service (SaaS) network of intelligent web-service APIs, project44 eliminates the need for legacy communication tools like Electronic Data Interchange (EDI), the default technology used in global supply chains.
For decades, web-service APIs have transformed other industries, acting as the building blocks for the most dynamic SaaS applications of today and allowing data to be transmitted from one system to another in nanoseconds. Supply chain is primed to be the next.
Reaching Critical Mass
After officially launching its Freight API product to the market in December of 2015, project44 now holds more than 65 enterprise clients ranging from retailers, suppliers, third party logistics firms and transportation carriers, including Odyssey, Cargo Chief, Estes, Venus Group and BlueGrace Logistics, who earlier this month received a $255M investment from private equity firm, Warburg Pincus.
Further, project44's network encompasses 1,000+ individual APIs across multiple modes of transportation (including but not limited to Truckload, Final Mile, Intermodal and LTL), and this number is growing weekly. Over 2.1 million daily API transactions flow though the network via project44's subscription-based customers. The company has captured 99.9% of the Less than Truckload (LTL) market, which was the mode the company started with while building its proof of concept in 2015.
project44's cloud-based integration network, which is uniquely positioned to bring various technologies together into one seamless platform, is also accelerating technology adoption through numerous integration partnerships. Some of the upcoming value-add integrations to be pushed into release include MercuryGate International, Inc. and Next Generation Logistics.
"As a company, MercuryGate is focused on listening to our customers' needs and developing innovative solutions to help them achieve their business goals," said MercuryGate CEO and Co-Founder, Monica Wooden. "Our integration partnership with project44 will make it easier for customers to obtain accurate quotes, including Volume LTL, and to access real time-tracking. These capabilities enable customers to reduce administrative costs. Both project44 and MercuryGate are committed to adding value for our mutual clients by providing a seamless experience that allows them to leverage a robust API solution."