When was Banyan Technology founded?

Banyan Technology was founded in 2001 and raised its 1st funding round 5 years after it was founded.

Where is Banyan Technology located?

Banyan Technology is headquartered in Elyria, United States. It is registered at Westlake, Ohio.

Who is the current CEO of Banyan Technology?

Jim Walborn of Banyan Technology.

How many employees does Banyan Technology have?

As of Jun 30, 2026, the latest employee count at Banyan Technology is 67.

Is Banyan Technology a funded company?

Banyan Technology is a funded company, having raised a total of $7.95M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Dec 01, 2006.

When was the latest funding round of Banyan Technology?

Banyan Technology's latest funding was a $***** Series A round on Feb 28, 2017, with participation from 2 investors.

Where does Banyan Technology rank among its competitors?

Banyan Technology ranks 174th amongst 1664 active competitors, of which 138 are funded. It stands 8th in terms of total funding among its competitors. The most recent competitor to raise funding was Einride, which secured $113M in Feb, 2026.

Who are the top competitors of Banyan Technology?

Banyan Technology's top competitors include Einride, Ripplr and Turvo. Among them, Einride secured the most recent funding round in February, 2026.

Banyan Technology - 2026 Company Profile, Team, Funding & Competitors

Banyan Technology is a series A company based in Elyria (United States), founded in 2001 by Jim Walborn and Lance Healy. It operates as a Freight management software connecting shippers, 3PLs, and carriers for efficient OTR solutions. Banyan Technology has raised $7.95M in funding from Jumpstart Ventures and River SaaS Capital. The company has 1664 active competitors, including 138 funded and 125 that have exited. Its top competitors include companies like Einride, Ripplr and Turvo.

Company Details

Freight management software connecting shippers, 3PLs, and carriers for efficient OTR solutions. The company provides a cloud-based platform that streamlines over-the-road freight operations. It offers a comprehensive transportation management system (TMS) and API connectivity, supported by AI and business intelligence tools. The software provides solutions for Truckload (TL), Less-Than-Truckload (LTL), Parcel, and Final Mile shipping, offering features like rate comparison, automation, live tracking, and freight bill auditing. It facilitates real-time connectivity with a large network of carriers and brokers, ensuring seamless freight management and optimized shipping. The platform is designed to meet diverse operational needs, delivering flexibility and efficiency. It empowers clients with business intelligence tools to manage shipments, access documents, and compare freight rates effectively. The company focuses on creating beneficial relationships, service, and support, offering a comprehensive carrier connection platform. It is a SaaS platform.

Website: banyantechnology.com
Social
Registered Address: Westlake, Ohio

Key Metrics

Founded Year

2001

Location

Elyria, United States

Stage

Series A

Total Funding

$7.95M in 4 rounds

Latest Funding Round

Series A, Feb 28, 2017, $*****

Investors

Jumpstart Ventures & 1 more

Ranked

174^th among 1664 active competitors

Employee Count

67 as on Jun 30, 2026

Similar Companies

Einride & 1410 more

View Banyan Technology's full profile

Banyan Technology is associated with 2 legal entities given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Banyan Technology CIN: 341939962 , United States, Active	Dec 26, 999	-	39 (As on Dec 31, 2024)	-
BANYAN TECHNOLOGY SOLUTIONS, INC. CIN: 205963514 , United States, Active	Dec 31, 1999	-	3 (As on Dec 31, 2016)	-

Banyan Technology has raised a total funding of $7.95M over 4 rounds. Its first funding round was on Dec 01, 2006. Its latest funding round was a Series A round on Feb 28, 2017 for $*****. 2 investors participated in its latest round. Banyan Technology has 2 institutional investors.

Here is the list of recent funding rounds of Banyan Technology:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Feb 28, 2017	7726447	Series A	5202523	7915197	7926881	5047253
Aug 22, 2016	6230307	Venture Debt	6214870	4983796	7783503	River SaaS Capital
Mar 01, 2007	3772422	Seed	8586636	9323532	Jumpstart Ventures	2211156

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View details of Banyan Technology's funding rounds and investors

The founders of Banyan Technology are Jim Walborn and Lance Healy.

Here are the details of Banyan Technology's key team members:

Jim Walborn: Founder & CEO of Banyan Technology.
Contact Info: 1 email address
Lance Healy: Former Co-Founder & President of Banyan Technology.

View details of Banyan Technology's Founder profiles and Board Members

Banyan Technology's employee count trend

Banyan Technology has 67 employees as of Jun 26. Here is Banyan Technology's employee count trend over the years:

Employee count trend for Banyan Technology

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Top competitors of Banyan Technology include Einride, Ripplr and Turvo. Here is the list of Top 10 competitors of Banyan Technology, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Einride 2016, Stockholm (Sweden), Series E	Provider of electric and autonomous freight transportation solutions	$865M	Temasek, Northzone & 35 others	74/100
2nd	Ripplr 2019, Bengaluru (India), Series C	Provider of distribution and logistics services for multiple industry verticals	$123M	Sojitz, 3one4 Capital & 45 others	72/100
3rd	Turvo 2014, San Mateo (United States), Acquired	Provider of a cloud and AI-based collaborative logistics platform	$85M	Mubadala, Activant Capital & 13 others	71/100
4th	Freight Tiger 2014, Mumbai (India), Acquired	Provider of a digital freight network and transportation management system	$57.7M	Tata Motors, Enam Holdings & 53 others	70/100
5th	Optimal Dynamics 2014, New York City (United States), Series C	Developer of a decision automation platform for the truckload industry	$94.8M	Activate Capital, Standard Industries & 10 others	64/100
6th	Super Dispatch 2013, Kansas City (United States), Seed	End-to-end transport management solutions for the car hauling industry	$1.95M	Techstars, Active Capital & 5 others	63/100
7th	Alvys 2020, Solana Beach (United States), Series B	Developer of transportation management system software for logistics operations	$77M	Bonfire Ventures, RTP Global & 3 others	63/100
8th	Traqo 2022, Gurugram (India), Seed	Offers cloud-enabled end-to-end supply chain and logistcis transportation management solutions	$998K	We Founder Circle, Kahu & 6 others	62/100
9th	McLeod Software 1985, Birmingham (United States), Unfunded	Provider of transportation management software solutions for carriers, brokers, 3PL providers, and shippers	-	-	62/100
10th	RoseRocket 2015, Toronto (Canada), Series B	Provider of cloud-based transportation management system	$69M	Scale Venture Partners, Funders-club.com ... & 12 others	62/100
174th	Banyan Technology 2001, Elyria (United States), Series A	Freight management software connecting shippers, 3PLs, and carriers for efficient OTR solutions	$7.95M	Jumpstart Ventures, River SaaS Capital	35/100