Skip to content

Supply chain insurtech Overhaul secures $55 mn for AI and strategic expansion

Supply chain insurtech Overhaul secures $55 mn for AI and strategic expansion

Overhaul, a supply chain risk management and intelligence provider, has raised $55 mn in equity funding. The round was led by Springcoast Partners, with support from Edison Partners and Americo.

Our new funding will boost Overhaul’s AI capabilities and support acquisitions, allowing the company to capitalize on the consolidation in the supply chain technology market.

Barry Conlon, CEO at Overhaul

This investment aims to enhance their artificial intelligence capabilities and support strategic acquisitions, positioning the company to capitalize on the rapidly consolidating supply chain technology market.

Founded in 2016 and based in Austin, Overhaul specializes in supply chain integrity. Its platform integrates data sources into a “situational analysis engine” tailored for logistics. This engine converts raw data into actionable insights, addressing issues like temperature control, handling, and package tracking.

Supply chain insurtech Overhaul secures $55 mn for AI and strategic expansion

Beyond analytics, Overhaul offers in-house cargo insurance through programs with A-rated underwriting partners. The company boasts a 96% recovery rate for cargo theft and actionable visibility for millions of shipments.

CEO Barry Conlon highlighted Springcoast’s critical role in scaling the business.

The supply chain tech space will consolidate significantly in the next 12 to 24 months. Overhaul aims to provide a comprehensive suite for risk management, efficiency, and visibility.

Barry Conlon, CEO at Overhaul

Springcoast praised Overhaul’s approach and market position. Principal Chris Dederick noted, “Overhaul delivers actionable intelligence, robust risk management, and rapid ROI. Customer feedback has been exceptional.” Managing Partner Holger Staude added, “Overhaul stands out as a leader in active supply chain risk management and intelligence.”

With the $55 mn investment, Overhaul plans to lead in supply chain innovation, advancing AI-driven solutions for a rapidly evolving industry.

Overhaul, established in 2016 and headquartered in Austin, Texas, specializes in supply chain risk management and logistics visibility solutions. Platform integrates diverse data sources to provide real-time analysis, enabling proactive issue resolution in areas such as temperature control, handling requirements, and package-level tracking.

The company offers a device-agnostic solution for in-transit shipment visibility and risk monitoring, focusing on preventing and mitigating delays, thefts, and other risks in real-time.

In addition to analytics, Overhaul provides in-house cargo insurance through specialty programs developed with A-rated underwriting partners. They report an industry-leading 96% recovery rate for cargo thefts, delivering actionable visibility for millions of shipments.

Overhaul’s solutions cater to various industries, including healthcare, technology, logistics, manufacturing, and food and beverage, providing real-time tracking of multimodal transportation, risk monitoring, compliance management, and cargo insurance services.

With a 98% customer approval rating, Overhaul continues to empower its clients by enhancing visibility, security, safety, and integrity within their supply chains.