FleetOps

company

About

FleetOps is a freight marketplace.It works by automating the allocation of loads to truck drivers that can deliver them.

  • 11 - 50

Details

Last Funding Type
Grant
Industries
Artificial Intelligence,Big Data,Marketplace,Transportation
Founded date
Jan 1, 2015
Number Of Employee
11 - 50
Operating Status
Active

FleetOps is a freight marketplace.It works by automating the allocation of loads to truck drivers that can deliver them. It does this by leveraging the data of telematics providers (ex. BigRoad.com) which provide thousands of data-points on vehicles, and by interacting with drivers through a mobile application which truck drivers are required to use called an ELD (read more here: http://bit.ly/2vqq4w7). This telematics data gives us information on:

• Where trucks are
• Where trucks are headed
• What routes trucks typically use
• When they’re handling a back-haul (return journey)
• When trucks are idle, etc.
• Driver behaviour
• Available driving hours

We run AI/ML algorithms against this and computationally determine which loads are most-appropriate for which drivers. When we make these determinations, we send drivers shipment opportunities

Funding Rounds

Number of Funding Rounds
Total Funding Amount
3
$1.45M
FleetOps has raised a total of $1.45M in funding over 2 rounds. Their latest funding was raised on May 6, 2020 from a Grant round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
May 6, 2020 Grant 1 SCALE AI Detail
Sep 10, 2018 Seed $1.20M 1 Detail
Jan 31, 2016 Seed $250K 1 Detail

Investments

Number of Investments
Number of Lead Investments
1
0
FleetOps has made 1 investments. Their most recent investment was on Nov 5, 2021, when Staax raised $1.80M.
Date Company Name
Round Money Raised Industry Lead Investor
Nov 5, 2021 Staax
Pre-seed $1.80M Cryptocurrency

Investors

Number of Lead Investors
Number of Investors
1
3
FleetOps is funded by 3 investors. SCALE AI and Silicon Balls are the most recent investors.
Investor Name Lead Investor Funding Round
SCALE AI Yes Grant
Silicon Balls Seed
Cogito Capital Seed