Loadsmart raises $90 million for AI that matches shippers with truck transportation
Loadsmart, a New York-based startup that leverages AI and hundreds of data sources to automate truckload booking, today announced a $90 million round. The funding comes after the startup experienced 250% revenue growth between January and November and expanded its offerings to support rail transportation. Roughly 80% of all cargo in the U.S. is transported by the 7.1 million people who drive flatbed trailers, dry vans, and other heavy lifters for the countryâ€™s 1.3 million trucking companies. Loadsmart recently launched an add-on for Google Sheets and Microsoft Excel that gives shippers the ability to price and book shipments without having a transportation management system. In another milestone, last August Loadsmart completed an automated dispatch and delivery pilot with now-defunct autonomous vehicle startup Starsky Robotics.