Locus listed as Sample Vendor in Gartner Hype Cycle for Transportation Industry

August 27, 2020: The B2B SaaS logistics automation company Locus today announced its recognition in Gartner’s “Hype Cycle for Transportation Industry, 2020” as a Sample Vendor within the Last-Mile Delivery Solutions category. Gartner is a leading research and advisory company.

“These solutions are adaptations of traditional routing and scheduling, wherein a route could be replanned and a dispatcher would control the process. Many of these solutions use AI and machine learning to speed up the optimization process and predict occurrences and impacts based on real-time information,” said Gartner in the research report.

Nishith Rastogi, CEO, Locus, said, “The Covid-19 pandemic has made last-mile logistics all the more important. With increasing customer expectations, last-mile delivery technology will only become more critical for the success of companies, and in fact, will act as a key differentiator between brands. We are really happy to be named as a Sample Vendor in Gartner’s Hype Cycle for Transportation Industry, 2020, and to see Last-Mile Delivery Solutions receive a ‘high’ benefit rating.”

The company has so far raised $29 million from tier-1 investors like Tiger Global, Falcon Edge, Blume Ventures, Exfinity Venture Partners & growX ventures, among others.

Locus presently works with clients across Southeast Asia, North America, Europe, and India. It has offices in the USA, India, Indonesia, and Vietnam. The top management of the company includes executives from Amazon Web Services (AWS), Barclays Capital, Google, and BlueDart (a DHL company), and data scientists with PhDs from Carnegie Mellon University and the University of Illinois, among others.