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FleetWorks raises $17M to match truckers with cargo faster
Yahoo Financeยท 2025-10-14 13:35
Core Insights - FleetWorks aims to modernize the trucking industry by leveraging artificial intelligence to create a marketplace that facilitates faster matches between carriers and goods needing transport [2][3] - The company has successfully onboarded over 10,000 carriers and numerous brokers, including Uber Freight, within its first six months of operation [3] - FleetWorks has raised $17 million in funding, including a $15 million Series A round led by First Round Capital, to support hiring, commercial expansion, and product development [4][5] Company Overview - FleetWorks was created during Y Combinator's Summer 2023 batch and is co-founded by Paul Singer and Quang Tran, both of whom have significant experience in tech and logistics [2][3] - The company has introduced an "always-on" AI dispatcher as part of its product offerings [4] Market Context - The trucking industry is characterized by many small companies using traditional methods, which FleetWorks seeks to disrupt with its AI-driven approach [1][6] - Other startups and established companies are also exploring AI applications in shipping and logistics, indicating a growing trend in the industry [6]