Savi – Savi Technology Inc

Savi – Savi Technology Inc – Brief Article

Sunnyvale, Calif.-based Savi Technology Inc., a maker of software platforms and applications for shippers and logistics services providers, has rolled up $20 million in third-round financing intended to fund strategic investments and potential acquisitions. The round was led by K1Ventures Ltd., a venture capital fund in Asia. Other participants included the investment arm of the Singapore Infocomm Development Authority and previous backers Accel Partners, Mohr, Davidow Ventures, Temasek Holdings, United Parcel Service through its UPS Strategic Enterprise Fund, Vector Capital and Venture TDF. Clients of Savi include Hutchison Whampoa, IFCO Systems, Singapore Airlines, the U.S. Department of Defense, the U.S. Postal Service and United Parcel Service. www.TheDeal.com

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