Alvys secures $40 million in Series B funding, led by RTP Global, to enhance AI-driven transportation management solutions. Founded in 2020, Alvys offers a cloud-based TMS platform integrating dispatch, load management, tracking, and billing. The investment aims to meet the increasing demand for efficiency and visibility in the freight industry.

Alvys plans to use the funding to enhance enterprise functionality, refine analytics, and streamline onboarding for mid-market customers. CEO Nick Darman emphasizes the importance of AI and automation to improve decision-making in real-time and boost profit margins. The company aims to embed AI into every aspect of freight operations, from dispatch to accounting.

Julius Schwerin of RTP Global praises Alvys for rewiring how loads are sourced, dispatched, and reconciled, leading to increased efficiency. Clients report a 28% increase in monthly loads and a 9% revenue boost, along with operational efficiencies like faster accounting and reduced data entry. Alvys’ focus on automation and interoperability resonates with fleets looking to modernize their tech stack amidst industry changes.

Read more at Yahoo Finance: Alvys raises $40 million to automate freight ops With AI precision