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High Tech Series A Founded 2015

Class8

Class8 develops AI-powered truck dispatch and freight management solutions that leverage OEM-integrated vehicle data to create vertically-integrated carrier-centric solutions for the trucking industry. The platform transforms commercial vehicles into intelligent assets through a suite of products including Drive, an embedded ELD (Electronic Logging Device) solution for compliance and vehicle data capture; Grow, a…

📍 Toronto, Canada · Chatbots,

Funding snapshot

Last roundSeries A
Amount$22M
Date19 November 2024
Total raised$22M
Team size34

About

Class8 develops AI-powered truck dispatch and freight management solutions that leverage OEM-integrated vehicle data to create vertically-integrated carrier-centric solutions for the trucking industry. The platform transforms commercial vehicles into intelligent assets through a suite of products including Drive, an embedded ELD (Electronic Logging Device) solution for compliance and vehicle data capture; Grow, a load optimization tool that maximizes freight efficiency; Scale, a dispatch AI system that automates scheduling and dispatch operations; and Automate, a voice AI assistant that enables hands-free interaction with the platform for drivers on the road. Class8 also has upcoming products including Unlock for visibility rewards, Deploy for capacity sharing, and Command for telematics. The platform integrates with existing systems and provides tools for managing embedded ELDs, real-time pricing, contract freight optimization, and automated scheduling, aiming to improve efficiency and profitability for trucking businesses. Class8 serves over 227,000 trucks leveraging its platform, connecting carriers and drivers with OEM data-driven insights to optimize operations across the freight ecosystem. Founded in 2015 and headquartered in Toronto, Canada, Class8 has raised approximately $22 million at the Series A stage from investors including Xplorer Capital, Commerce Ventures, Inspired Capital, and Resolute Ventures.

Business model

Chatbots > Industry Agnostic > Supply Chain Management > Supplier Contract Negotiation,

Logistics Tech > Freight > Trucking > Technology Enablers > Load Monitoring System

Institutional investors

Xplorer Capital Commerce Ventures Inspired Capital Resolute Ventures

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