Vooma, an AI-based platform designed for freight brokers and carriers of all sizes, announced it secured $13 million in Series A funding led by Craft Ventures. The additional investors in Vooma’s Series A include Definition Capital, HOF Capital, Soma Capital, Operator Stack Fund, and Index Ventures.
The Series A funding added to a previous $3.6 million seed round led by Index Ventures and participated in by angel investors, including founders and executives from major logistics and technology companies such as Motive, Project44, Ryder, and Uber Freight.
The funding in Vooma, driven by strong customer demand, validates the company’s market potential and technology and accelerates its trajectory for continuing growth.
Vooma’s platform empowers logistics companies to scale their operations more rapidly and efficiently by reducing time spent on tedious and manual work and creating space to solve real logistical challenges, while investing in relationships critical to success. And the company has built Vooma Agents, the first-of-its-kind multi-channel AI platform for logistics. Agents built on Vooma’s platform work across email, text, and voice channels, enabling automation in workflows that were previously unaddressed by existing systems.
Since launching last year, Vooma has attracted many of the logistics industry’s top brokers and carriers as customers, including Echo, MODE, Arrive Logistics and NFI. And Vooma has grown revenue by 12.5x, increased transaction volume by over 32x and built hundreds of thousands of loads. The company is also working with leading communication, pricing and transportation management systems including Front, Greenscreens.ai, McLeod and Turvo.
Vooma’s new funding will be invested towards growing the team across engineering, go-to-market and customer success to support mounting demand for products powered by Vooma Agents:
1.) Vooma Quote – Identifies quotes, drafts email responses and determines whether opportunities were won or lost. And customers have reported saving five minutes per quote, which quickly adds up to hours of time freed up for more strategic tasks each day.
2.) Vooma Build – A data-entry assistant for load building that completes the tedious order entry process within seconds, enabling teams to save up to 10 minutes on each load build. And customers to-date have been able to automate up to 80% of their manual order entry, reducing errors and fueling scalability for rapid growth.
3.) Vooma Voice — Makes and receives calls for brokers and carriers to streamline tasks such as inbound load bookings, appointment scheduling and carrier check calls.
Vooma was created by two logistics and technology experts — Jesse Buckingham, former CEO of ASG LogisTech, and Mike Carter, former employee #2 and founding engineer at Kodiak Robotics — who have built a strong team of talent with deep industry experience. And the company is dedicated to delivering powerful and reliable AI solutions designed to empower the entire logistics workforce.
KEY QUOTES:
“Relationships are critical for our company’s success. Vooma’s platform effectively integrates with our systems and allows our team and our customers to gain efficiency, without changing how we do business. We can offload rote tasks to stay focused on customer service and work that requires the human touch so we can keep building meaningful relationships to drive our business forward.”
– Jack Twyman, Chief Customer and Digital Officer at MoLo Solutions, a top-15 freight broker
“The United States moves approximately 11.5 billion tons of truckloads annually, and moving freight from point A to B requires hundreds of touchpoints between shippers, brokers and carriers. By introducing AI that fits naturally into existing systems, workflows and communication channels used across the industry, we are meaningfully reducing the tasks people dislike and freeing up their time and headspace for more meaningful and complex challenges.”
– Jesse Buckingham
“We are at an inflection point where cross-channel digital agents powered by AI and LLMs will transform the way we work. Vooma’s cross-channel agent is delivering against AI’s immense potential for the logistics industry.”
– Mike Carter
“Transportation is the backbone of the U.S. economy. The Vooma team has a deep understanding of the end market and appreciation for the complexity of its systems. We believe the company will not only delight customers with AI solutions that make their businesses more efficient, but help solve the industry’s most pressing challenges.”
– Lainy Painter Singh, Partner at Craft Ventures
