Aifleet, a tech-driven innovator in the trucking industry, has secured a substantial $50 million in funding, including a recent $16.6 million in Series B funding. This round was led by Tom Williams of Heron Rock and saw participation from notable investors such as Volvo Group Venture Capital, Obvious Ventures, Ibex Investors, Compound, Winthrop Square, and Cooley. The investment positions Aifleet to address long standing inefficiencies in the $800 billion U.S. trucking industry while enhancing driver satisfaction and environmental sustainability.
Founded in 2020 by Marc El Khoury and Mark Farkas, Aifleet is harnessing the power of artificial intelligence to tackle one of the trucking industry's most pressing issues: low driver utilization. Since 2018, driver utilization has been on a do
Aifleet’s $50 Million Funding Tackles Trucking Inefficiencies and Enhances Driver Experience
- By Anshika Mathews
- Published on
Their advanced algorithms optimize route planning and load management, handling an impressive 20 quintillion permutations per truck per week and overseeing 250,000 loads and $20 billion in orders annually.
