Class8 (a company that was previously recognized as FleetOps) announced it has secured $22 million in Series A funding, led by Xplorer Capital with new investor Commerce Ventures and returning partners Inspired Capital and Resolute Ventures.
This funding round will accelerate Class8’s mission to transform trucking by making carriers and drivers the heart of every decision, turning trucks into dynamic, profit-driving assets with Original Equipment Manufacturer (OEM) integrated, AI-powered logistics.
Class8’s platform blends OEM data and advanced AI for optimizing fleet operations, enhancing each truck’s ability to adapt and stay profitable. Key features include:
1.) Dispatch Optimization – Eliminate operational uncertainty with automated dispatch updates powered by OEM data, ensuring that trucks stay moving and operations remain agile.
2.) Load Optimization – Unlock new efficiencies by automating load planning, adapting to market shifts, and maximizing profit through predictive insights drawn from data sources like SONAR.
Class8’s tools layer OEM-integrated, freight market, and operational data into daily decision-making that fuels driver retention, optimized load matching, and real-time responsiveness to market shifts. This funding round supports Class8’s mission to not only simplify but also elevate the trucking industry with solutions that reward carriers and drivers directly for their data and hard work.
KEY QUOTES:
“Our mission is to put the power back in the hands of carriers and drivers. This investment allows us to leverage OEM-driven insights to bring carriers clarity, control, and profitability. Class8 flips the script on data by turning it into actionable insights, empowering carriers and drivers to thrive in even the most volatile markets.”
– Chris Atkinson, CEO of Class8
“Class8’s platform is redefining how carriers and drivers connect to data and opportunity. Their innovations help trucking businesses navigate complex markets, boosting both profitability and fairness in the industry. We’re excited to support Class8 as they continue empowering carriers and advancing the trucking industry.”
– Jonathan McQueen, Managing Partner at Xplorer Capital
