Wise Systems, Cambridge, Massachusetts-based leading AI-driven routing and dispatching platform provider, raised $50 million in Series C financing.
The round was led by Tiger Global Management, with participation from new and existing investors that include Section 32, Valo Ventures, Gradient Ventures, and Prologis Ventures.
The company will use the fund to further accelerate product development, market expansion across key geographies and address the increasing global demand for the company's next-generation dispatching and routing solutions.
Company: Wise Systems, Inc.
Raised: $50.0M
Round: Series C
Funding Month: October 2021
Lead Investors: Tiger Global Management
Additional Investors: Section 32, Valo Ventures, Gradient Ventures, and Prologis Ventures
Company Website: https://www.wisesystems.com/
Software Category: AI-driven routing and dispatching platform
About the Company: Trusted by the world's largest brands, Wise Systems provides AI-driven dispatch and routing software that enables the perfect delivery experience. For last-mile operations that want to compete successfully in a dynamic world, the Wise Systems platform continuously improves fleet efficiency, performance, and customer service and reduces fleet mileage, carbon footprint, and late deliveries. Wise Systems' autonomous dispatch and routing automatically schedules routes, monitors routes in progress, and intelligently adjusts to day-of delays on the ground, using machine learning to continuously improve fleet efficiency, performance, and service. Wise Systems is headquartered in Cambridge, MA.
Source: https://www.prnewswire.com/news-releases/wise-systems-raises-50-million-in-series-c-financing-to-accelerate-global-adoption-of-autonomous-last-mile-delivery-solutions-301393823.html