This partly explains why Belgium-based startup Qargo has now raised £11 million ($14 million) in a Series A round led by Balderton Capital.
With the logistics industry facing rising operating costs, decarbonization pressures, hikes in fuel prices and cyber attacks, companies in the space are in tricky times.
There is clear pressure to digitize the industry to introduce cost savings.
While the transport industry does use legacy software platforms like Mcleod Software, Rose Rocket and Dash Doc, many of these platforms are from an earlier era.
In a statement, Rob Moffat, partner at Balderton Capital, said, “Logistics is a $5T market globally but is often overlooked by software companies.
Will Lawrence, the co-founder and CTO of Iron Sheepdog, likes to say that sometimes building something simple is actually really hard.
Companies can track their contracted trucks through Iron Sheepdog, giving them more transparency into where trucks are, how long a job takes and how much to pay.
Iron Sheepdog announced this week a $10 million Series B round led by SJF Ventures with participation from Grand Ventures, Supply Chain Ventures and strategic partners.
While not the first company to try to build software to manage these short-haul truckers, Iron Sheepdog has been able to see its growth double each year since it was founded.
Contractors want to sign up, too, knowing the app gives them access to a network of more than 4,000 short-haul truckers.
Waymo is about to start testing its driverless passenger vehicles on the highway later this month, a critical milestone for the company that, if successful, will unlock expanded commercial operations.
Bringing its autonomous cars to the highway is just the latest in a series of big steps for Waymo, especially in the Phoenix area.
Just a few months before that, Waymo made its autonomous vehicles available in the Uber app.
The GM autonomous vehicle subsidiary recently slashed a quarter of its staff and pushed out a number of executives after a crash in October where one of its robotaxis dragged a pedestrian.
Last year, the company backed away from its autonomous trucking effort in order to focus more on ride-hailing.
Following its two-year hiatus, Chinese ride-hailing giant Didi is making a comeback in the public eye. Over the past few months, it has strengthened its relationships with several key players…
AtoB is a company that thinks it has the solution to the outdated transportation platforms prevalent in the industry. Stripe is a popular payment gateway that allows businesses to easily…
Harshita Arora, CEO and co-founder of AtoB, believes that their company has the solution to improving transportation infrastructure. AtoB is essentially Stripe for transportation, allowing companies to easily process payments…
