#USA #Boston #AI Automation #EAIGLE #Noro-Moseley

EAIGLE Secures Growth Funding to Advance AI-Native Gate Automation

In an industry continually evolving through technological advancements, EAIGLE, a frontrunner in AI-based gate and yard automation, has made strides in solidifying its market position by securing significant funding from Noro-Moseley Partners and In Revenue Capital. This funding round, which caught the attention of investors and market watchers alike, aims to turbocharge EAIGLE’s go-to-market growth and further develop its pioneering solutions for supply chain operations.

EAIGLE has reported staggering growth, experiencing a remarkable 350% year-over-year increase in revenue, driven by partnerships with numerous Fortune 500 companies. The capital influx will allow the company to enhance its current offerings, particularly its flagship products, Automated Vehicles Access Control (AVAC™) and YardSight™. These innovative solutions leverage cutting-edge computer vision technology to optimize data orchestration and automate logistics operations effectively.

The AVAC™ and YardSight™ systems enhance operational efficiency by interpreting camera feeds to automatically read critical identifiers from trucks and trailers, reducing the burdensome manual tasks that have historically plagued the logistics sector. This software minimizes human error and significantly enhances gate throughput—enabling facilities to cut gate wait times to under 30 seconds. With operations running EAIGLE's technology, logistics operations can realize up to a 5x increase in throughput, drastically cut down on theft and fraud incidents, and achieve an impressive return on investment (ROI) in six months or less, alongside annual savings exceeding $500,000.

In an ever-tightening market where efficiency is paramount, the adoption of EAIGLE's technology has become essential for businesses navigating complex supply chain challenges. According to Vasant Kamath, General Partner at Noro-Moseley Partners, the technology has found remarkable value among enterprises in sectors such as retail, consumer packaged goods (CPG), manufacturing, and transportation. He emphasized, “Clients perceive EAIGLE's system as a fundamental component of the digital transformation within their supply chains—streamlining intricate logistics transactions with unparalleled efficacy.”

Amir Hoss, EAIGLE’s founder and CEO, expressed enthusiasm regarding the new funding that will facilitate rapid scaling of their capabilities. He articulated the necessity for real-time visibility in modern logistics environments, stating, “Enterprises equipped with our computer vision framework will optimize their gate and yard operations, minimizing overhead costs while maintaining a competitive stand in an increasingly demanding market.”

The partners backing EAIGLE recognize that a successful logistics operation hinges on precise asset location information across the supply chain. Justin Gray, Co-Founder and Managing Partner of In Revenue Capital, noted, “EAIGLE’s implementation of premier-level computer vision AI by utilizing existing infrastructure in facilities changes the business landscape for logistics hubs, mitigating the typical challenges associated with costly technology upgrades.”

David Charbonnea, Managing Partner at Boreal Ventures, remarked on the transformative impact EAIGLE has made, saying, “Every truck through the gate used to bring chaos. Now, with EAIGLE’s infrastructure, operations have become smooth and streamlined.”

EAIGLE continues to innovate, and their recent launch of YardSight Mobile™ expands its reach towards real-time asset visibility in logistics operations, notably for shunting trucks. This development aligns strategically with their vision to refine operations within the industry further.

As EAIGLE positions itself for the future, the collaboration with Noro-Moseley Partners and In Revenue Capital presents an exciting chapter in its journey to transform gate and yard automation solutions on a global scale, ushering in a new era of efficiency for logistics and supply chain management. For more information regarding their innovative solutions, visit eaigle.com.