AIfleet closed $16.6M Series B round

Aifleet, a 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. This funding brought Aifleet's total capital raised to nearly $50 million.

Aifleet is a technology-enabled trucking company that utilizes artificial intelligence to optimize route and load planning in real-time. This approach aims to increase truck utilization, reduce cost per mile, and improve the driver experience by offering better pay and more frequent home time. The company plans to use the new funding to fuel technology research and development, grow its operations and sales teams, and further develop scalable infrastructure and processes.