Pando
Pando is an AI-native logistics technology company that combines a multi-modal Transportation Management System (TMS) with autonomous agentic AI for freight procurement and spend management. It serves global manufacturers and large shippers, processing 25M shipments daily across $25Bn in managed freight spend.
- Company typePrivate
- Founded2015
- HeadquartersChicago, United States
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What Pando does
Pando, operating through its legal entity Quaking Aspen Inc., is a privately held AI-native logistics technology company headquartered in Chicago with a parallel Indian entity. Founded in 2015, the company builds an agentic AI-powered logistics platform that combines a multi-modal Transportation Management System (Pando TMS) with autonomous AI agents (Pi and the newer Freehand studio) for freight procurement, freight audit and payment, and supply chain optimization.
The core platform processes 25 million shipments per day across seven transport modes (air, LTL/FTL, LCL/FCL, parcel, charter, and owned fleet), manages $25Bn in freight spend, and connects to a network of 40,000+ global carriers. The proprietary Pi AI agent automates up to 80% of tactical logistics work including RFQ creation, vendor evaluation, lane selection, rate prediction, and contract optimization. Freehand, launched in February 2025 as a standalone agentic AI studio, extends these capabilities into broader enterprise spend management. The platform integrates natively with major ERP systems (SAP, Oracle), global trade compliance tools (SAP GTS, Amber Road), and major carriers (DHL, FedEx).
Pando operates an enterprise field sales motion targeting global manufacturers and large shippers, supplemented by self-serve mid-market access through pando.in. Revenue is generated through subscription-based SaaS pricing on annual billing cycles with quote-based enterprise contracts. The company holds ISO 27001 certification and complies with GDPR and CCPA frameworks. As of 2025, Pando has been recognized as a Visionary in the Gartner Magic Quadrant for TMS, named to the Deloitte Technology Fast 500, and had its Pi platform designated a TIME Best Invention. The company has raised approximately $41M across three funding rounds through a May 2023 Series A led by Iron Pillar and Uncorrelated Ventures.
Pando firmographics
Firmographics- Name
- Pando
- Legal name
- Quaking Aspen Inc.
- Website
- https://pando.ai
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- Pando is an AI-native logistics technology company that combines a multi-modal Transportation Management System (TMS) with autonomous agentic AI for freight procurement and spend management. It serves global manufacturers and large shippers, processing 25M shipments daily across $25Bn in managed freight spend.
- Ownership category
- akta.pro rank
Where Pando is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Pando business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- TMS Platform Subscription: SaaS-based Transportation Management System delivered as subscription licensing, likely tiered based on shipment volume, users, or modules accessed.
- AI Agent Services (Pi, Freehand): AI agent platforms for freight procurement and spend management, offered as part of the platform or potentially as add-on modules.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Enterprise quote-based pricing |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels6 records
Pando product offering
Product offeringCore offering
Pando operates an AI-powered logistics platform that combines a multi-modal Transportation Management System (Pando TMS) with agentic AI agents (Pi/Freehand) for autonomous freight procurement, freight audit and payment, and end-to-end shipment management. The platform processes 25 million shipments per day across 7 transport modes, connects to 40,000+ global carriers, and manages $25 billion in freight spend for large enterprises and global manufacturers.
Product overview
Pando offers a unified AI-powered logistics platform consisting of core Transportation Management System (Pando TMS) integrated with agentic AI capabilities (Freehand/Pi) for autonomous freight procurement, Freight Audit and Payment (FAP) for invoice optimization, and Pando Fulfillment Cloud for multimodal visibility and global trade management. The platform handles 25 million shipments per day across 7 transport modes with a network of 40,000+ carriers, managing $25 billion in freight spend.
Differentiator
Problem solved
Functional benefit
Brands
- Freehand: AI Teams for Spend Management - A standalone agentic AI studio to help enterprises optimize every spend decision, plagued by inflation, tariffs, disruptions, fraud, and other pressures. Building on the success of Pi.
- Pi
- Pando TMS
Products and services
- Pando TMS AI-powered multi-modal Transportation Management System providing end-to-end logistics control, carrier management, and real-time visibility across freight operations for enterprise shippers and manufacturers.
- Freehand (AI Teams for Spend Management) Standalone agentic AI studio for autonomous freight procurement and spend management; automates up to 80% of tactical logistics work including rate management, carrier selection, bid optimization, and invoice operations for enterprise logistics teams.
- Pi (AI Agent for Logistics) AI agent platform optimizing source-to-pay operations in logistics; enables autonomous freight procurement, dynamic contract rate adjustments, mini-bid orchestration, and capacity securing before disruptions.
- Pando Fulfillment Cloud Comprehensive visibility platform providing inventory level monitoring, shipment status tracking, multi-modal operations optimization, customs clearance management, and proactive global trade navigation for global shippers.
- Freight Audit and Payment (FAP) AI-powered freight audit and payment module that automates invoice processing, detects discrepancies, and optimizes freight spend management across carrier networks.
Quantifiable outcome
- 80% of tactical logistics work automated
- +3 more outcomes
Companies that use Pando
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles3 records
Pando technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
AI capability9 records
Feature6 records
Pando partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core and minor.
- MicrosoftcorePando participated in Microsoft's 'Accelerate Together' event at its Mountain View campus, bringing together India's leading AI-native startups. The event fostered community, innovation, and partnership opportunities with Microsoft's CoreAI platform.
- SAPcoreSAP integrated logistics platform connected through Pando's TMS for ERP integration, enabling seamless data exchange and coordinated operations.
- OraclecoreOracle ERP systems integrated with Pando's logistics platform for inventory management and supply chain coordination.
- West MonroeminorConsulting partnership with West Monroe for joint research and thought leadership on AI in logistics, including Crossroads video series.
- JBF ConsultingminorJBF Consulting partners with Pando on the State of AI in Logistics report and industry discussions.
Scale indicators6 records
Recent moves6 records
Expansion highlights6 records
Pando competitors and assessment
Company assessmentDirect peers
- project44: project44 is a supply chain visibility platform that connects shippers with 1M+ carriers globally and offers a Movement API. It directly competes with Pando in the AI-driven, multi-modal logistics visibility and execution space serving enterprise shippers.
- FourKites: FourKites provides real-time transportation visibility and supply chain optimization across ocean, road, rail, and air, with predictive ETA and yard management. It competes head-on with Pando's TMS and visibility offerings for enterprise shippers.
- Flexport: Flexport is a digital freight forwarder combining proprietary software with freight brokerage across ocean, air, and trucking. It overlaps with Pando's multi-modal freight procurement and management capabilities for global shippers.
- Uber Freight: Uber Freight combines a digital brokerage with TMS capabilities (Transplace acquisition) for enterprise shippers. It competes directly with Pando in managed transportation, freight procurement, and AI-driven optimization.
Broad incumbents
- Manhattan Associates: Manhattan Associates is an established supply chain and TMS provider with deep enterprise penetration in retail and manufacturing. It competes broadly with Pando as a comprehensive TMS incumbent and the dominant 'Leader' in Gartner's TMS Magic Quadrant.
- Oracle Transportation Management: Oracle Transportation Management (OTM) is the largest TMS by enterprise install base, embedded in Oracle ERP deployments. It is a primary incumbent competitor that Pando must displace or integrate alongside in enterprise accounts.
- SAP Transportation Management: SAP Transportation Management (SAP TM) is the ERP-anchored TMS incumbent from SAP, sold as part of the larger SAP Business Suite. Despite Pando's SAP partnership, SAP TM remains a direct competitor for greenfield TMS decisions in SAP shops.
- Descartes Systems Group: Descartes is a logistics technology incumbent offering TMS, customs, and routing solutions. Its broad portfolio of overlapping capabilities puts it in competition with Pando's TMS, customs clearance, and global trade management features.
Emerging players
- Locus: Locus is an India-headquartered AI-driven logistics optimization platform serving enterprise shippers across last-mile, dispatch, and route planning. It is a regional peer with overlapping AI logistics capabilities and similar India-origin enterprise focus.
- Stord: Stord operates a cloud supply chain combining warehousing, transportation, and a logistics software platform. It is an emerging peer offering TMS-adjacent capabilities as part of a broader digital fulfillment stack for enterprise brands.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Pando social profiles
Digital presencePando compliance and trust
Trust signalCompliance3 records
Pando financial estimates
Financial estimateRevenue estimate
Valuation estimate
Pando leadership team
Management profileNumber of profiles
Profiles8 records
Pando funding detail
Funding detailFunding overview
Funding rounds3 records
Investors5 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Pando M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Pando
What does Pando do?
Pando operates an AI-powered logistics platform that combines a multi-modal Transportation Management System (Pando TMS) with agentic AI agents (Pi/Freehand) for autonomous freight procurement, freight audit and payment, and end-to-end shipment management. The platform processes 25 million shipments per day across 7 transport modes, connects to 40,000+ global carriers, and manages $25 billion in freight spend for large enterprises and global manufacturers.
Is Pando a public or private company?
Pando is a private company. It is classified as venture growth investor backed and is currently operating.
When was Pando founded?
Pando was founded in 2015. It employs 101 to 250 people.
Where is Pando based?
Pando is headquartered in Chicago, United States, in the North America region.
How does Pando make money?
Two revenue lines are on record. TMS Platform Subscription is the primary driver. The others are AI Agent Services (Pi, Freehand).
Who are Pando's main competitors?
Direct peers on record are project44, FourKites, Flexport and Uber Freight. Broad incumbents are Manhattan Associates, Oracle Transportation Management, SAP Transportation Management and Descartes Systems Group. Emerging players are Locus and Stord.
Does Pando have an API?
Yes. Pando offers an API for TMS integration and development purposes. The API documentation is available at tms-docs.pando.ai. Developer documentation is at tms-docs.pando.ai.