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project44 Stock (PRFO)
project44 is a provider of an advanced supply chain visibility platform for shippers and third-party logistics firms.
About project44 Stock
Founded
2014
Headquarters
Chicago, IL, US
Total Funding
763M
Industries
Software, Artificial Intelligence, Data and Analytics
project44 is an advanced visibility platform for shippers and third-party logistics firms. project44 connects, automates, and provides visibility into key transportation processes with the goal to accelerate insights and shorten the time it takes to turn those insights into actions. Leveraging the power of the project44 cloud-based platform, organizations can increase operational efficiencies, reduce costs, improve shipping performance, and deliver an exceptional Amazon-like experience to their customers. Connected to over 175,000 carriers worldwide, project44 supports transportation modes and shipping types including Parcel, Final-Mile, Less-than-Truckload, Volume Less-than-Truckload, Truckload, Rail, Intermodal and Ocean.
project44 Press Mentions
Stay in the know about the latest news on project44
Tariffs Cast Shadow on 2025 Holiday Shopping, Spending Slows
prnewswire • Oct 14, 2025
project44 Enhances Decision Intelligence Platform with Multi-Agent Orchestration
prnewswire • Oct 10, 2025
project44 Enhances Decision Intelligence Platform with Multi-Agent Orchestration
salestechstar • Oct 09, 2025
project44 October Tariff Report Shows Dip in Imports from China
prnewswire • Oct 06, 2025
project44 Launches Free Tariff Simulator Following Section 301 Exclusion Expiration
prnewswire • Oct 03, 2025
Investors in project44
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project44 Management
Leadership team at project44
Co-Founder and CEO
Jett McCandless
Chief Technology Officer
Will Hansmann
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project44 Key Facts
- Industry Recogntion: Project44 was named a Leader in the 2025 Gartner Magic Quadrant™ for Real-Time Transportation Visibility Platforms for the fifth consecutive year, and ranked #1 across all five Use Cases in Gartner’s Critical Capabilities report. This recognition highlights Project44’s ability to deliver complete supply chain visibility and validates its strong reputation, market leadership, and continued innovation in AI and automation for the logistics sector.
- Financial Growth: Project44 achieved over 30% year-over-year growth in SaaS and total GAAP revenue in FY2024, attributed to expanded AI capabilities, a strengthened executive team, and new international hubs including KrakĂłw, Poland. The company added global clients such as Toyota, Coca Cola European Partners, and Kawasaki, demonstrating broadening market adoption and operational scale.Â
- Platform Updates: In June 2025, Project44 launched its revolutionary Movement Decision Intelligence Platform, enabling global supply chains to operationalize real-time data for smarter, automated decisions. Enhanced AI features—including predictive ETAs, AI negotiation, and multi-party collaboration tools—position Project44 to address industry complexity and drive customer value through next-generation supply chain management technology.Â
- Persistent Legal Disputes with Competitors: Project44 remains involved in a series of legal disputes with its competitors. In January 2025, Project44 filed a new lawsuit against SMC3, accusing it of intellectual property theft in connection with its ongoing dispute with MyCarrier. This continued use of litigation to protect its intellectual property, while strategically sound, leads to significant legal costs and potential brand damage from a competitive landscape that is increasingly litigious.
- Macroeconomic Headwinds and Financial Strategy Shifts: The company's past workforce reductions and the CEO's public comments indicate that Project44 has had to adapt its financial strategy to a more cautious macroeconomic environment. Layoffs in 2022 and 2023 were described as a way to "reposition the organization" and assure a "path toward achieving profitability." While this shows a response to market pressures, it also highlights the vulnerability of its growth strategy to economic downturns, as the company shifts from a rapid growth and acquisition model to a focus on efficiency and profitability.
- Market Competition: Market competition has intensified, with GoComet, Flexport, FourKites, and Shippeo noted as major rivals offering competitive features in real-time visibility, predictive analytics, and supply chain management. Some alternatives have gained traction with specific integrations and port congestion data that Project44 lacks, raising the risk of lost market share, especially among small and medium-sized clients seeking tailored logistics solutions.Â
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