‘AI for logistics’ startup looks to transform delivery operations

‘AI for logistics’ startup looks to transform delivery operations

Business news |
By Rich Pell

The company’s software uses machine learning to dramatically improve fleet efficiency and customer service for delivery fleets across industries from food and beverage to passenger transportation. It uses real-time traffic, machine-learned service times, route-specific intelligence, and other data to improve on-time deliveries and reduce fleet mileage, while capturing direct recommendations from drivers.

“Autonomous dispatch and routing is the next-generation technology that logistics professionals need to meet the increasingly complex requirements of the rapidly evolving economy,” says Chazz Sims, CEO of Wise Systems. “Our technology positions fleets to meet today’s and tomorrow’s needs, reshaping delivery in the $10 trillion logistics and transportation industry. We’re delighted that Gradient Ventures has invested in Wise’s vision as we build the future of how goods and services are delivered.”

With the investment, says the company, it plans to scale its operations to meet growing customer demand, accelerate research and development velocity around next-generation AI-powered delivery management technologies, and extend its market reach.

Wise was founded in 2014 by MIT and Harvard graduates with the goal of using data to transform the movement of goods and services in cities. The latest investment round brings total funding raised to date to $8.5 million, and also includes participation from existing investors E14 Fund, Neoteny, Trucks Venture Capital, and Fontinalis Partners.

Wise Systems

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