Aifleet closed $17M Series B round

Aifleet, a tech-driven trucking company, raised $16.6 million in a Series B funding round. 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. Some sources state the funding amount as $17 million. This round brought Aifleet's total funding to nearly $50 million.

Aifleet is focused on improving efficiency and driver satisfaction in the trucking industry through its proprietary AI algorithm and technology suite. The company's technology optimizes route and load planning in real-time, aiming to increase truck utilization, reduce cost per mile, and offer drivers better pay and more home time. The new capital will be used to fuel technology research and development, grow its operations and sales teams, and further develop scalable infrastructure and processes.