We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » GXO pairs with investment firm to back logistics tech startups

GXO pairs with investment firm to back logistics tech startups

Partners will boost warehouse innovation firms with pilot programs, research & development help, and strategic investments.

gxo sente Screen Shot 2022-05-17 at 1.22.58 PM.png
May 17, 2022
Ben Ames
No Comments

Contract logistics provider GXO Logistics Inc. will partner with the investment firm Sente Foundry to boost warehouse innovation startup firms with operating cash and pilot programs, the firms said today.

Chicago-based Sente says it brings corporations, public institutions, and investors together to discover high-potential technology startups with inventive ideas and scalable solutions that can help solve today’s greatest supply chain challenges.

GXO, which is the former warehousing arm of logistics conglomerate XPO, plans to use the arrangement to generate cutting-edge automated solutions, GXO Chief Information Officer Sandeep Sakharkar said in a release.

During the year-long collaboration, Sente will conduct a global search for promising technology-focused startups, selecting them for their potential to help GXO accelerate warehouse innovation and automate logistics operations.

“We’re excited by this opportunity to connect GXO with startups with scalable groundbreaking ideas,” Sente COO Gerod Carfantan, leader of Sente’s Supply Chain and Transportation domain, said in a release. “Today’s logistics challenges are increasingly complex, and GXO has led the way globally with creative solutions, innovation and collaboration. We’re inspired by GXO’s mission to realize logistics at full potential and we look forward to helping the company achieve even greater success.”

Sente says it is looking for technology-focused startups at multiple stages of development (from prototype through commercialization) to collaborate on pilot projects across GXO’s global logistics footprint. Specific areas of focus could include: warehouse technology, robotics, supply chain technology, artificial intelligence (AI) & the Internet of Things (IoT), e-commerce technology, and communications infrastructure. Participating startups will have the opportunity for commercial pilots, R&D partnerships, and strategic investment.

Since its founding in 2013, Sente says it has supported early-stage companies that operate in over 40 countries, have received over $35 million in funding, and have generated revenues exceeding $80 million.

Excited to have @GXOLogistics partner with us in our Supply Chain & Warehouse Tech investment area. Applications are open for startups w/ supply chain ideas & scalable solutions.#Sente, #Sentefamily, #logistics, #logisticstech, #startups, #investment

https://t.co/1DVd6asMV0

— sente (@sente_link) May 16, 2022

We're always looking for new ways to innovate, but sometimes it's tough to find those up-and-coming technologies that can transform the #supplychain. That's where @sente_link comes in, connecting us with the startups that are inventing tomorrow's tech. https://t.co/1ZHQipFM7g

— GXO (@GXOLogistics) May 16, 2022
E-Commerce Technology Warehousing
KEYWORDS GXO Logistics Sente Foundry
    • Related Articles

      SoftBank continues to back logistics tech startups with quarter-billion-dollar bid

      Logistics tech firm Freightos to join NASDAQ exchange through SPAC merger

      Investors back fulfillment startups as pandemic e-commerce boom rolls on

    Ben Ames is Editor at Large and a Senior Editor at Supply Chain Quarterly?s sister publication, DC Velocity.

    Recent Articles by Ben Ames

    Target invests in “stores as hubs” strategy to navigate e-commerce surge

    Panel shares tips for managing a multi-generational workforce

    Data sharing is crucial lever to crack open port congestion

    You must login or register in order to post a comment.

    Report Abusive Comment

    Most Popular Articles

    • Wabash opens trailer manufacturing facility in Indiana

    • Six defining challenges of omnichannel fulfillment

    • Postal advocacy group says “excessive” July 9 stamp price hike will hurt consumers

    • California bill would require large corporations to disclose their greenhouse gas emissions

    • Panorays extends risk management throughout the digital supply chain

    Featured Video

    8757b894 244c 4429 b5d8 e6df7b479d82

    Penalties for Wood Packaging Material Violations

    Viewer Contributed
    Our Services Include: Customs Broker Denver Freight Forwarder Denver Global Logistics Denver Cargo Insurance Denver Customs Bond Denver Customs Clearance Denver Customs Duty Denver Isf Filing Denver More details: Phone : 281-445-9779 Email: info@gallaghertransport.com Website: gallaghertransport.com

    FEATURED WHITE PAPERS

    • Five questions to ask before electrifying your indoor forklift fleet

    • Operator assist system myths busted

    • Three layers of forklift safety: Promoting operating best practices

    • The Complete Guide to Automated Packaging

    View More

    Subscribe to Supply Chain Quarterly

    Get Your Subscription
    • SUBSCRIBE
    • E-NEWSLETTERS
    • ADVERTISING
    • CUSTOMER CARE
    • CONTACT
    • ABOUT
    • STAFF
    • PRIVACY POLICY

    Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing