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Class8 logo — It's not a truck. It's a business.

Class8

It's not a truck. It's a business.

Founded 2015 Canada Toronto, Canada 29 employees Series A Total: $7.82M AI, Big Data +2

General Information

Company Name Class8
Founded Year 2015
Location Canada Toronto, Canada
Employees 29
Industries AI, Big Data, Marketplaces +1
Funding Stage Series A
Social

BounceWatch is an independent company data service, not affiliated with Class8. To contact Class8, visit fleetops.ai.

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About Class8

FleetOps is a freight marketplace founded in 2015, aiming to revolutionize load allocation for truck drivers. The company's slogan, "Effortlessly matching shipments with drivers using advanced telematics and intelligent algorithms," encapsulates its mission to streamline the freight industry. Utilizing telematics data from providers like BigRoad.com, FleetOps interacts with drivers through a mandatory mobile application, known as an Electronic Logging Device (ELD). This application collects a wide array of vehicle data points, offering insights into truck locations, destinations, typical routes, back-hauls, idle times, driver behavior, and available driving hours. The utilization of AI/ML algorithms allows FleetOps to efficiently match loads with the most suitable drivers, thereby optimizing shipment opportunities. In August 2022, the company achieved a significant milestone by securing a Series A investment led by Beyond Capital, indicating a strong investor confidence in FleetOps' potential for growth and disruption within the transportation and big data industries. FleetOps' innovative approach is poised to address significant pain points within the freight industry, providing a technology-driven solution that enhances operational efficiency for truck drivers and shippers alike. With this recent investment, the company is well-positioned to further develop and scale its platform, potentially reshaping the future of freight management.

Business keywords: Freight marketplace, Telematics data, Truck drivers, AI algorithms, ML algorithms, Load allocation, Shipment matching, Fleet management, Transportation logistics, ELD (Electronic Logging Device), Driver behavior analysis, Vehicle tracking, Data-driven decision-making

Funding Rounds & Investors (9)

View All
Funding Stage Amount Investors Lead Investors Date
Series A Undisclosed 1
Beyond Capital
Beyond Capital
01 Aug 2022
Seed Round $6.00M 8
Panache Ventures Inspired Capital Resolute Ventures
Panache Ventures, Inspired Capital +6
05 Aug 2020
Grant Undisclosed 1
SCALE AI | Canada's AI Global Innovation Cluster
SCALE AI | Canada's AI Global Innovation Cluster
06 May 2020
Seed Round $1.20M 5
Panache Ventures Pegasus Tech Ventures BCF Ventures
Panache Ventures, Pegasus Tech Ventures +3
10 Sep 2018
Grant $215.00K -
17 Jul 2018
Convertible Note Undisclosed 1
Gambit Ventures
Gambit Ventures
11 May 2018
Non Equity Assistance Undisclosed 1
Creative Destruction Lab
Creative Destruction Lab
13 Oct 2017
Seed Round $250.00K 2
Cogito Capital Entree Capital Good News Ventures
Cogito Capital Entree Capital, Good News Ventures
31 Jan 2016
Seed Round $150.00K -
29 Apr 2015

Class8 Alternatives & Competitors

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Class8 vs
Cargofy
Cargofy United States

The easiest way to find loads for independent truck drivers

Series A
31 employees
AI, Logistics
Class8 vs
Motive
Motive United States

Empowering people who run physical operations with tools to make their work safer, more productive,...

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6244 employees
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Class8 vs
RAAHO
RAAHO India

India's fastest-growing digital freight network, connecting truckers and drivers to shippers for a b...

Seed
136 employees
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View all alternatives

FAQ About Class8

It's not a truck. It's a business.
Class8 was founded in 2015.
Class8 is headquartered in Toronto, Canada.
Class8 operates in AI, Big Data, Marketplaces and Transportation. Its work centres on Freight marketplace, Telematics data, Truck drivers and AI algorithms.
Class8 has approximately 29 employees.
Class8 has completed 9 funding rounds, raising a total of $7.82M. The latest funding stage is Series A.
Top alternatives and competitors to Class8 include Cargofy, Motive, RAAHO, Oculus Freight, SCUBA. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Class8 and Cargofy are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Class8, https://bouncewatch.com/company/fleetops, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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