Enterprise capital corporations that when supplied heavy backing to provide chain tech startups at gaudy valuations have been tighten their purse strings this 12 months, prompting some corporations to chop prices, downsize and search for different methods to outlive in a weak freight market.
Decline in investor assist contributed to the collapse of digital freight startup Convoy, which ceased operations in October simply 18 months after reaching a valuation of $3.8 billion.
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