Aifleet, a tech-driven trucking company based in Austin, TX, has raised $17M in Series B funding.

The funding round was led by Tom Williams at Heron Rock, with participation from Volvo Group Venture Capital, Obvious Ventures, Ibex Investors, Compound, Winthrop Square, and Cooley.

The company will leverage the new funds to enhance its tech R&D, expand its operations, grow its sales team, and further develop scalable infrastructure and processes.

Led by CEO Marc El Khoury, Aifleet uses proprietary AI algorithms to boost driver satisfaction, enhance truck utilization, and improve industry sustainability. Their technology suite includes dynamic pricing tools, modernized TMS, real-time tracking, and driver-centric scheduling. The AI manages 20 quintillion permutations per week, equal to 250K loads and $20 billion in orders annually.