Navix
Navix is a freight audit and invoicing automation platform designed for freight brokers and third-party logistics providers (3PLs). The company leverages artificial intelligence and machine learning to streamline the auditing process, significantly reducing Days Sales Outstanding (DSO) by 3-10 days, which enhances cash flow. Navix's solution allows businesses to minimize manual work, improve accuracy, and reallocate resources effectively, positioning itself as a trusted partner in the logistics industry. With a focus on operational efficiency, Navix helps clients grow without increasing their workforce, making it a valuable asset in the competitive logistics market.
Navix
Navix is a freight audit and invoicing automation platform designed for freight brokers and third-party logistics providers (3PLs). The company leverages artificial intelligence and machine learning to streamline the auditing process, significantly reducing Days Sales Outstanding (DSO) by 3-10 days, which enhances cash flow. Navix's solution allows businesses to minimize manual work, improve accuracy, and reallocate resources effectively, positioning itself as a trusted partner in the logistics industry. With a focus on operational efficiency, Navix helps clients grow without increasing their workforce, making it a valuable asset in the competitive logistics market.
TL;DR
Product: AI/ML-powered freight audit and invoicing automation for freight brokers and 3PLs
Headquarters: Minnetonka, Minnesota
Founded: 2021
Employees: 18
Total funding: USD 10,930,000
Company Overview
Problem Domain
Freight bill audit, invoicing reconciliation, and back-office automation for logistics providers.
Founded
2021
Industry
Logistics / SaaS
Funding Track Record
5000000.00
Seed funding event tied to investors Tommy Barnes and Rob Estes per investor records.
5930000.00
Most recent funding date reported; total funding sums to USD 10,930,000.
Investor Signal
“Tommy Barnes; Rob Estes”