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Navix
AddedFeb 17, 2024
UpdatedJun 18, 2026
Navix

Navix

Seed

Navix: An AI-powered SaaS platform automating freight auditing and document retrieval for 3PLs and brokers.

HQ
Minnetonka, MN, US
Founded
2021
Overview
Compare
Fundraising
Employees
Website

Navix, founded with the mission to revolutionize freight auditing, offers an AI-driven Software-as-a-Service (SaaS) platform designed for third-party logistics providers (3PLs) and brokers. The company's core vision is to streamline document retrieval and automate freight auditing processes, thereby enhancing cash conversion cycles and providing deeper insights into freight expenditures and discrepancies. Navix's suite of services includes highly configurable automation triggers, seamless API integrations, AI/ML-driven insights, and premium auditing services, all aimed at increasing profitability and operational efficiency.

Notable figures associated with Navix include key industry experts and investors who have recognized the platform's potential to transform the freight industry. The company has achieved significant milestones, such as dramatically reducing Days Sales Outstanding (DSO) for its clients, thereby accelerating their growth. Navix's impact is evident in its ability to uncover invoicing errors and automate resolutions, effectively putting revenue back into companies and fostering sustainable growth within the logistics sector.

Navix - Quick Facts

When was Navix founded?

Navix was founded in 2021.

Where is Navix's headquarters located?

Navix's headquarters is located in Minnetonka, MN, US.

When was Navix's last funding round?

Navix's most recent funding round was for $5M (USD) in February 2023.

How much has Navix raised to-date?

As of Feb 15, 2023, Navix has raised a total of $5M (USD).

How many employees does Navix have?

Navix has 23 employees as of Feb 4, 2024.

Navix - Classification

Ownership
  • Equity
  • Venture Capital
Technology
  • AI
  • Machine Learning
Geographic Exposure
  • Americas
Model
  • Platform
Revenue
  • Recurring
  • Software
Customer
  • Enterprise
Main Product
  • Document Retrieval
  • Freight Auditing
Tags
  • Freight Tech
  • SaaS
NAICS
  • 513200Software Publishers
  • 510000Information
  • 513000Publishing Industries
  • 513210Software Publishers
SIC
  • 7300Business Services
  • 7370Computer Programming, Data Processing, And Other Computer Related
  • 7372Prepackaged Software