Aifleet, an Austin, TX-based tech-driven trucking company, raised $17M in Series B funding.
The round was led by Tom Williams at Heron Rock, with participation from Volvo Group Venture Capital, Obvious Ventures, Ibex Investors, Compound, Winthrop Square, and Cooley, bringing its total funding to almost $50M.
The company intends to use the funds to expand its technology research and development, grow its operations team to support the fleet at scale, grow its sales organization, and further develop scalable infrastructure and processes.
Led by CEO Marc El Khoury, aifleet is a tech-driven trucking company empowered by a proprietary AI algorithm and technology suite, which allows companies to increase driver satisfaction, boost truck utilization, and improve the industry’s sustainability. With dynamic pricing tools, modernized in-house TMS, real-time tracking, and driver-centric scheduling, aifleet will bring AI and AI-adjacent use cases in the industry, and in the future, operationalize electric and autonomous technologies.
The company’s AI manages 20 quintillion permutations per truck per week, equaling 250K loads per week and $20 billion in orders per year.
FinSMEs
11/09/2024