The company, co-founded in 2016 by Palmerstown-born CEO Barry Conlon and Dundalk-based David Broe, has an Irish office in Dundalk with 40 people employed there but is now headquartered in Austin, Texas.
With customers such as Microsoft, Acer, Bristol-Myers Squibb and others in tech and healthcare, the firm offers risk monitoring, real-time visibility and compliance tracking for shipments and logistics.
When something happens that shouldn’t happen… we’re on top of it
Some of their services have helped track and recover stolen cargo.
Earlier this year, the company claimed to have helped recover $1.6m in stolen electronics in Texas by supplying location data and photos to investigating police.
“When something happens that shouldn’t happen, like when a door is opened where it shouldn’t be opened, or [a truck driver is] going in the wrong direction… we’re immediately on top of it,” Mr Conlon previously told the Wall Street Journal.
Overhaul has raised $215m to date. The company employs over 600 people globally and has recently acquired Michigan-based FreightVerify, which has over 60 staff and counts major car manufacturers as its clients.
“Our engineering and development efforts are focused on solving real-world problems, and this investment helps us accelerate that mission,” said Mr Conlon.
”The truth is that visibility is a data stream, not a standalone solution or app, and how we harness that stream is what truly sets us apart.”
The news was also welcomed by industry group Endeavor Ireland, which counts Mr Conlon and Mr Broe as members.
Barry and Dave have committed fully to our ‘pay it forward’ ethos
“This double milestone is a powerful example of how Irish founders are among the world’s most talented, building industry-leading, globally competitive companies,” said U2 guitarist The Edge (real name David Evans) who is chair of Endeavor Ireland.
”Working with some of the world’s biggest brands, Barry and Dave are solving complex logistical challenges while scaling in multiple countries and remaining a local employer here at home.
“Since becoming Endeavor entrepreneurs just last year, Overhaul has experienced strong growth – and Barry and Dave have committed fully to our ‘pay it forward’ ethos.”