Turvo, the world's first real-time collaborative logistics platform, announced today it has closed $60 million in Series B funding led by Mubadala Ventures, the San Francisco-based venture capital arm of Mubadala Investment Company. Turvo also added new investors G2VP and Next47, the Siemens-backed global venture firm. These funds bring the total investment in the company to nearly $100 million, solidifying Turvo as the new standard in end-to-end visibility and collaboration for the logistics and supply chain industry.
Supply chains are complex, with suppliers getting goods from suppliers before forwarding them on, reports the Arkansas Democrat Gazette. Which means there is still a chance of forced labor entering into the supply chain.