Convoy raised $260 million at a $3.8 billion valuation just 18 months ago. Now the company is shutting down. (GeekWire File Photo)
Convoy’s plan to transform the trucking industry has come to a screeching halt.
The Seattle company is closing its core business and laying off a majority of its workforce. “We hoped this day would never come,” Convoy CEO Dan Lewis wrote in a memo sent to employees Thursday morning.
The startup sent shockwaves through the Seattle tech ecosystem and broader trucking sector after abruptly shutting down operations on Wednesday.
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