CloudTrucks raises $115M Series B to improve long hauls for independent drivers
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CloudTrucks : Aims To Lower Fuel Costs for Independent Commercial Drivers
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CloudTrucks, a San Francisco, Calif. – based virtual trucking carrier that empowers independent truck drivers, closed a Series A funding round of $20.5m.
The
round was led by Caffeinated Capital with participation from Craft
Ventures, Khosla Ventures, SciFi VC, Kindred Ventures, Abstract
Ventures, and Better Tomorrow Ventures.
The
company intends to use the funds to accelerate product development
and recruitment of top talent in data science, engineering,
operations, and sales.
Founded
in 2019 by Tobenna Arodiogbu (CEO), Jin Shieh (CTO) and George Ezenna
(Co-founder), CloudTrucks is a virtual trucking carrier that brings
innovative solutions like Schedule Optimizer, free quick payment,
lower-cost insurance, automated paperwork, and other features to