FleetWorks Raises US$17 Million to Accelerate AI-Driven Freight Matching
FleetWorks, a startup co-founded by Quang Tran, has raised US$17 million to make freight matching faster and smarter. The funding round – led by First Round Capital with participation from Y Combinator, LFX Venture Partners and Saga Ventures – will support hiring, commercial expansion, product management and the growth of the company’s AI-driven logistics platform.
FleetWorks’ vision is to automate the manual phone calls, emails and text messages between truckers and brokers that still dominate freight coordination. Acting as an “always-on” AI dispatcher, the system uses multiple domain-specific models to negotiate, book and manage shipments directly with carriers through voice, text or email. The AI learns each carrier’s unique preferences – such as their preferred routes, delivery schedules and time constraints – to create matches that reflect real-world and dynamic needs rather than relying on static data.
In the first six months, FleetWorks onboarded over 10,000 carriers and partnered with several brokers, including Uber Freight. By transforming fragmented communication into structured automation, FleetWorks aims to improve supply chain efficiency and make logistics less repetitive. By understanding each trucker’s preferences through AI, FleetWorks is redefining freight coordination – proving that the future of logistics is not just about bigger fleets, but also smarter automation.
Author: Tyler Wang, 2025-2026 Articling Student-At-Law
Photo Credit: https://unsplash.com/@zhpix
Expertise
Insights
-
Technology
ABK Biomedical Secures US$35 Million Series D Financing to Advance Liver Cancer Treatment
Halifax-based medical device company ABK Biomedical, Inc. (“ABK Biomedical”) has raised US$35M in Series D financing to support the commercialization of its innovative liver cancer treatment.Founded… -
Technology
Tech Blog – 1Password Locks in AI Security with Browserbase and US$100M Secondary Sale
In early October, Toronto-based 1Password, a platform that helps individuals and businesses securely manage digital identities, announced a new partnership and completed a major secondary sale… -
Technology
Rebuilding the Pre-Construction Process: Provision’s AI Co-Pilot Is Changing How Projects Are Estimated
Provision Software Corporation (“Provision”), a Toronto-based AI technology company, is developing tools that empower pre-construction professionals to work more efficiently and profitably… -
Technology
Cybrid raises US$10 million to scale stablecoin payment infrastructure
Cybrid Technology Inc. (“Cybrid”), a Toronto-based fintech startup, has secured a US$10-million Series A funding round to help financial institutions and companies integrate its stablecoin payment… -
Technology
FleetWorks Raises US$17 Million to Accelerate AI-Driven Freight Matching
FleetWorks, a startup co-founded by Quang Tran, has raised US$17 million to make freight matching faster and smarter. The funding round – led by First Round Capital with participation from Y… -
Technology
Amazon Launches New Virtual Healthcare Service
Amazon One Medical (“One Medical”) is launching a pay-per-visit virtual healthcare platform for children aged 2-11. This marks Amazon’s latest move to expand its presence in the healthcare sector. The…