GenLogs, a freight intelligence provider deploying its Truck Intelligence technology to improve supply chain efficiency and combat cargo theft, has closed a $60 million Series B financing. The round was led by Battery Ventures with participation from IVP, Cathay Innovation, and 9Yards, alongside existing investors including Venrock, Steel Atlas, HOF Capital, TitletownTech, and Autotech Ventures. The company said it has now raised $81 million across seed, Series A, and Series B rounds.
GenLogs said the new capital will support continued development of its core platform, which is powered by a privacy-enabled network of roadside sensors and supplemented by satellite and other data streams. The company plans to broaden its capabilities for customers across shipping, insurance, government, and financial services, building on an existing customer base that includes J.B. Hunt, Werner Enterprises, AIPSO, and the Jacksonville Port Authority.
The platform is designed to provide real-time visibility into trucking operations by collecting large-scale data from cameras positioned on roadside infrastructure and at ports, then applying proprietary AI to identify movement patterns and verify carrier legitimacy. GenLogs positions this approach as a way to improve carrier sourcing, vetting, and underwriting by comparing observed fleet behavior with a carrier’s digital footprint, with the aim of reducing fraud and addressing cargo theft, the company estimates at $35 billion annually.
GenLogs also emphasized privacy controls built into its data collection process, describing a three-step filter intended to capture data only on commercial vehicles. The company said its system deletes footage of private vehicles before screening for commercial markings, such as a USDOT number, and blurs vehicle windows to prevent biometric identification.
Beyond commercial use cases, GenLogs said it has worked with federal and state law enforcement over the last year on efforts targeting human trafficking, cargo theft, and narcotics smuggling. The company cited examples including support for tracking a truck involved in interstate sex trafficking that led to the recovery of a female minor, and the identification of a drug smuggling network that culminated in raids and multiple arrests.
As part of the financing, Battery Ventures general partner Marcus Ryu will join GenLogs’ board of directors.
KEY QUOTES
“The trillion-dollar trucking industry links every sector of our economy, but it is highly fragmented in its composition and still analog in its operations. GenLogs is applying many aspects of the U.S. intelligence community’s playbook to drive total visibility in the trucking industry, resulting in more efficiency, better pricing, and protection against fraud and $35 billion in annual cargo theft.”
Ryan Joyce, Chief Executive Officer, GenLogs; Co-Founder; Former CIA Officer
“In a remarkably short time, GenLogs has developed a novel data set of great commercial and prosocial value. Informed by their intelligence training, Ryan and his co-founders had the insight to recognize that the mission-critical work of multiple industries could be transformed by an incorruptible ground truth of nationwide trucking operations and freight movement.”
Marcus Ryu, General Partner, Battery Ventures
