Weft - About the company
Weft is an acquired company based in Slough (United Kingdom), founded in 2013 by Marc Held. It operates as a Sensors and Analytics for Supply Chain visibility. Weft has raised $3M in funding from investors like Andreessen Horowitz, Polytech Ventures and CLI Ventures. The company has 156 active competitors, including 29 funded and 16 that have exited. Its top competitors include companies like LogComex, Alloy and SAP Ariba.
Company Details
Weft platform which integrates with Weft sensors as well as sensors from other provider and with ERP and CRM systems, users log in to get the current status and to set alerts for out-of-bounds conditions (location, temperature, moisture, shock/vibration) and stages completed. Through predictive analytics, Weft takes the current location and planned route of all shipments on the platform and combines this information with historical data to identify likely bottlenecks and alert shippers to potential problems before they occur. Weft works by simply attaching a small piece of hardware to the valuable cargo in transit to receive real-time monitoring and analytics, allowing companies to check up on their shipments and see if there's a better way to get from point A to point B. Weft uses the simple GPS technology to find patters, problems and solve them. Participated at SAP TechEd in Las Vegas on October 21, 2013. Working with Vodafone, Telefonica, and Etisalat on different initiatives.
- Website
- weft.io
- Social
Key Metrics
Founded Year
2013
Location
Slough, United Kingdom
Stage
Acquired
Total Funding
$3M in 4 rounds
Latest Funding Round
Investors
Ranked
32nd among 156 active competitors
Employee Count
10 as on Mar 31, 2026
Exit Details
Acquired by Genscape (Jun 01, 2016)
Weft's acquisition details
Weft got acquired by Genscape on Jun 01, 2016.
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Weft's funding and investors
Weft has raised a total funding of $3M over 4 rounds. Its latest funding round was a Series A round on Apr 25, 2016 for $*****. 1 investor participated in its latest round. Weft has 14 institutional investors.
Here is the list of recent funding rounds of Weft:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Apr 25, 2016 | 1911390 | Series A | 3134490 | 5495368 | 3031555 | 5290867 |
Jul 17, 2015 | 8283270 | Series A | 3800920 | 8023678 | 6759659 | 5178776 |
Mar 14, 2014 | 9565081 | Seed | 9697215 | 7246125 |
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Weft's founders and board of directors
Founder? Claim ProfileThe founders of Weft is Marc Held.
Here are the details of Weft's key team members:
- Marc Held: Founder & CEO of Weft and founder of 2 other companies, Armada and Zazu.
View details of Weft's Founder profiles and Board Members
Weft's employee count trend
Weft has 10 employees as of Mar 26. Here is Weft's employee count trend over the years:
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Weft's Competitors and alternates
Top competitors of Weft include LogComex, Alloy and SAP Ariba. Here is the list of Top 10 competitors of Weft, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | SaaS based trade analytics solution for the logistics industry | $43.4M | 67/100 | ||
2nd | Alloy 2015, San Francisco (United States), Series A | AI & cloud-based software for end-to-end supply and demand planning | $15.3M | 61/100 | |
3rd | SAP Ariba 1996, Palo Alto (United States), Acquired | E-procurement, invoicing, and B2B collaboration software for businesses | - | 61/100 | |
4th | Trademo 2020, Wilmington (United States), Seed | Provider of technology and data insight services for global trade and logistics | $12.5M | 57/100 | |
5th |  Lyric 2022, Sunnyvale (United States), Series B | Provider of a platform for supply chain modeling, planning, and operation | $67M | 56/100 | |
6th | Chronicled 2014, San Francisco (United States), Series A | AI & Blockchain-based supply chain solutions provider | $29.6M | 56/100 | |
7th |  Minespider 2017, Berlin (Germany), Funding Raised | Sustainable supply chains for the EV future | - | 54/100 | |
8th |  Eka 2004, Norwalk (United States), Acquired | AI powered procurement management and analytics solutions | $56.8M | 51/100 | |
9th | Convey 2013, Austin (United States), Acquired | Provider of AI-based shipping management solutions | $25.6M | 51/100 | |
10th |  RedCloud 2014, London (United Kingdom), Public | Online marketplace for supply chain financing | - | 51/100 | |
32nd | Weft 2013, Slough (United Kingdom), Acquired | Sensors and Analytics for Supply Chain visibility | $3M | 36/100 |
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Weft's Investments and acquisitions
Weft has made no investments or acquisitions yet.
Reports related to Weft
Here is the latest report on Weft's sector:
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