Exclusive: Trucker's Son Bucks Logistics Funding Decline with $40M Raise For Startup Alvys
· Source: crunchbase.com
In short
Alvys, an AI-powered logistics software provider, has raised $40 million in Series B funding led by RTP Global, bringing its total funding to $77 million. The company's transportation management system helps trucking companies streamline dispatch, load management, tracking, and billing through AI and automation. Despite a broader decline in logistics funding, Alvys has tripled its revenue in each of the past two years and serves over 1,000 customers.
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Tags: logistics, automation, trucking, dispatch, TMS, funding