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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 +1
Employees 29
Industries AI, Big Data, Marketplaces +1
Funding Stage Series A
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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.

Taxonomy: 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 Unknown 1
Beyond Capital
01 Aug 2022
Seed Round $6.00M 8
Panache Ventures Inspired Capital Resolute Ventures BCF Ventures Hike Ventures Newark Ventures
Brian Thomas, Alumni Ventures 		05 Aug 2020
Grant Unknown 1
SCALE AI | Canada's AI Global Innovation Cluster
06 May 2020
Seed Round $1.20M 5
Panache Ventures Pegasus Tech Ventures BCF Ventures Hike Ventures Silicon Balls
10 Sep 2018
Grant $215.00K - 17 Jul 2018

View All 9 Funding Rounds

Class8 Alternatives & Competitors

Class8 vs
ALIGO AI
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Class8 vs
Indalgo Oy
Indalgo Oy Finland

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Class8 vs
Seer Data & Analytics
Seer Data & Analytics

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Seed
11-50 employees
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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 the following industries: AI, Big Data, Marketplaces, Transportation.
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 ALIGO AI, Indalgo Oy, Seer Data & Analytics, Labelia Labs (ex Substra Foundation), inmobly. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Class8 and ALIGO AI 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.

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