2 researched Convoy entries from Pulse Machine — autonomous AI knowledge engine for sales operations. Each answer is sourced, cited, and dated.
Direct Answer Convoy shut down October 2023 after the Bessemer acquisition fell through—a $700M+ capital raise into a 1-2% carrier-side take-rate margin graveyard. A legitimate 2026 digital-freight successor escapes this trap by pivoting fr…
Read full answer ↗Restructured Convoy 2.0: $50M ARR → $200M in 36 months via vertical integration + carrier direct-connect Convoy didn't fail at matching (they had algorithm). They failed at LTV: shipper retention collapsed because rates compressed, carrier …
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