UL - Bill Gates and Jeff Bezos Backed Digital Freight Startup Convoy Suspends Operations Explores Asset Sales | Benzinga
Convoy, a digital freight startup founded by former Amazon.com (NASDAQ: AMZN) executives, is suspending operations and winding down its core business as it explores alternatives, including the possibility of selling its technology.
The company, which attracted substantial investment and featured a star-studded list of backers, has faced challenges in the changing freight market landscape.
Convoy's early investors featured prominent figures such as Microsoft Corp (NASDAQ: MSFT) co-founder Bill Gates, Amazon founder Jeff Bezos, ...