Alvys Raises $40 Million to Expand AI Freight Software
· Source: ttnews.com
In short
Alvys has secured $40 million in Series B funding led by RTP Global to expand its AI-powered transportation management system for freight operations. The company plans to use the funds to broaden functionality for large carriers with API integrations, analytics, and compliance tools, while helping customers achieve significant operational improvements including a 28% increase in monthly loads and 90% faster accounting.
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Tags: TMS, freight, automation, funding, logistics, transportation