Digital freight marketplace / Logistics technology
Strategic Profile
Convoy was acquired by DAT Solutions on July 28, 2025, bringing the platform under a larger logistics analytics and freight matching infrastructure. The platform moves thousands of truckloads daily, saving money for shippers and increasing earnings for drivers while addressing waste and inefficiency in the $800B trucking industry.
Cyborg Score Rationale
Convoy faces mixed fundamentals: the company operates a strategically valuable freight-matching platform serving a massive $800B market, but underwent organizational disruption (October 2023 shutdown, subsequent acquisitions). Current ownership by DAT Solutions provides stability but reduces independent strategic autonomy. Limited recent profitability signals.
Top Insights
Acquired by DAT Solutions (July 28, 2025), marking a strategic pivot from independent operations
Raised $828M in total funding from investors including T. Rowe Price, Y Combinator and Greylock, demonstrating significant investor backing before acquisition
Competes against Uber Freight, CloudTrucks, and uShip in the digital freight marketplace
Headquartered in Seattle with 379 employees as of January 2026
Named Competitors
Uber Freight — Digital freight marketplace by ride-sharing giant
Flexport — Global shipping and freight intermediary
Samsara — Fleet operations and logistics software platform
CloudTrucks — Digital freight management platform
Recent Developments
(July 2025) Acquired by DAT Solutions
(January 2026) Employee count at 379
(October 2023) Company shutdown and restructuring before acquisition by Flexport, later acquired by DAT Solutions
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