Alvys raises $40 million to automate freight ops With AI precision

Funding and Investment - Alvys has secured $40 million in Series B funding, bringing its total funding to $77 million [1] - The funding round was led by RTP Global, with participation from Alpha Square Group, Titanium Ventures, Picus Capital, and Bonfire Ventures [1] Company Overview - Founded in 2020, Alvys offers a cloud-based Transportation Management System (TMS) that integrates various operational functions for carriers and brokers [2] - The platform utilizes AI to automate manual tasks and provide real-time decision support, enhancing efficiency in freight operations [2] Market Position and Strategy - Alvys aims to expand its AI-driven capabilities to meet the needs of both mid-market fleets and large enterprise carriers [3] - The company plans to enhance enterprise functionality through advanced API integrations, refined analytics, and stronger compliance tools [4] - Alvys envisions embedding AI into every layer of freight operations, from dispatch to accounting [4] Industry Impact - The investment reflects the growing market demand for intelligent, automated transportation management solutions [1] - Alvys is positioned to become a strategic solution in the logistics industry, aiming to optimize how loads are sourced, dispatched, and reconciled [5]