| Founded | 2018 |
|---|---|
| Closed | 2023 |
| Country | USA |
| Sector | Logistics |
| Collapse type | Mass Layoff Spiral |
| Founder | Ari Ojalvo |
Reef Technology Ports
"SoftBank bet $700M on parking garages as logistics hubs. It did not go well."
Cascading layoffs that accelerated the decline
Key Events Timeline
Reef Technology's logistics division, which expanded into port-adjacent last-mile delivery hubs starting in 2019, collapsed by 2023 after burning through over $1.
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