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NEW YORK, NY: October 09, 2018. Loadsmart, a digital freight broker, has raised an additional US$21.6 million in series A funding led by Maersk Growth, Connor Capital SB and Chromo Invest for a total of US$34.7 million to date.

Loadsmart co founders Ricardo Salgado and Felipe CapellaThe company leverages artificial intelligence (AI) to automate US truckload bookings, either manually or automated via an API, providing instant prices and guaranteed capacity to shippers as machine-learning algorithms match loads with available trucks.

“Our strategy has been to focus exclusively on product development and technology. Now we are ready to grow,” declared co-founder and CEO Ricardo Salgado. ”This round of investment will enable us to increase the business exponentially while maintaining high-service levels. It will also enable us to scale without losing the edge on innovation and technology.”

“We see huge potential with loadsmart,” commented Sune Stilling, head of Maersk Growth, the launchpad for new ventures at A.P. Moller – Maersk. “Forward integrations between ocean shipping and over-the-road services can create incredible synergies and eventually provide a full service to shippers,” he added.

Loadsmart co-founder and Chief Product Officer Felipe Capella explained it was first and foremost a data company. “With the highest ratio of engineers in the industry, we were the first to introduce truckload instant pricing and booking, and the market’s first server-to-server autonomous truckload booking via our API. This tech-first approach has allowed us to set in place a fully scalable and automated distribution model.”

(Pictured: loadsmart co-founders Ricardo Salgado and Felipe Capella.)

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