Alvys Raises $40 Million to Expand AI Freight Software
RTP Global Leads Series B, Bringing Total to $77 Million for Trucking Tech Company
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Investors poured $40 million into Alvys’ Series B round, betting on the artificial intelligence-powered transportation management system to become logistics’ next operating system.
The round was led by RTP Global, with participation from Alpha Square Group and existing backers Titanium Ventures, Picus Capital and Bonfire Ventures. The investment brings Alvys’ total funding to $77 million and follows a Series A completed just over a year ago.
Alvys develops software to manage freight operations by embedding AI and automation into transportation management systems. The company said the new funding will help expand its platform and meet increased demand from carriers and brokers.
“Our goal is simple: Keep building Alvys to be the most strategic solution for an industry where businesses, teams and individuals can’t afford to waste time,” said Nick Darman, founder and CEO of Alvys. “We’re scaling enterprise-grade solutions with AI at the core. That means using AI, automation and integrations to remove wasted steps, give teams smarter decision-making in real time, and help carriers and brokers grow their operations and their profit margins without adding overhead.”
Alvys said it will use the funds to broaden functionality for large carriers, including API integrations, analytics and compliance tools. For midmarket fleets moving toward enterprise scale, the focus will be on faster onboarding and automation.
“We invested in Alvys because it combines a best-in-class TMS with the ambition to become logistics’ operating system,” said Julius Schwerin, partner at RTP Global. “Alvys rewires how loads are sourced, dispatched and reconciled. With 120-plus integrations, native [electronic data interchange] and built-in routing, freight companies move more loads with fewer tabs. That’s the blueprint we back.”
The company cited customer results including a 28% increase in monthly loads, a 9% revenue gain, 90% faster accounting and an 80% cut in data entry. Customers also reported saving hours each week on dispatch and administrative work.
Alvys said the funding will support continued development as freight companies face pressure to move faster and operate with fewer resources.
Generative AI assisted in the creation of this article.
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