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About CloudTrucks
Industries
Data & Analytics
Automotive & Transportation
Company Size
51-200
Company Stage
Series B
Total Funding
$141.6M
Headquarters
San Francisco, California
Founded
2019
Overview
CloudTrucks offers fleet management solutions tailored for independent truck drivers and small trucking businesses. Its software platform helps users optimize their schedules by selecting loads based on preferences, while also tracking income and expenses to support financial management. Unlike competitors, CloudTrucks focuses on reducing administrative burdens and provides dedicated customer support to empower drivers. The company's goal is to enhance operational efficiency and profitability for drivers, allowing them to thrive as independent operators.
Simplify's Take
What believers are saying
- Increased telematics adoption enhances CloudTrucks' fleet management with real-time data.
- Electric truck integration offers opportunities for eco-conscious driver engagement.
- 5G expansion improves CloudTrucks' app connectivity and user experience.
What critics are saying
- Competition from Convoy and Uber Freight may erode CloudTrucks' market share.
- Shipwell acquisition integration challenges could disrupt operations and customer service.
- Layoffs due to the tough freight market may strain CloudTrucks' resources.
What makes CloudTrucks unique
- CloudTrucks offers a virtual trucking carrier app reducing operating costs for drivers.
- The platform provides instant payments and access to affordable insurance options.
- CloudTrucks' software optimizes load schedules using data and advanced algorithms.
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Funding
Total Funding
$141.6M
Above
Industry Average
Funded Over
3 Rounds
Tiger Global
Craft VenturesIndustry standards
Benefits
Flexible time off
Retirement plans
Healthcare coverage
Wellness perks
Equity
Home office stipend
Growth & Insights and Company News
6 month growth
↓ -1%1 year growth
↓ -1%2 year growth
↓ -3%With that in mind, CloudTrucks is excited to introduce CT Fuel, a smarter way to manage fuel, parking, tolls, and more.
Transportation management system (TMS) provider Shipwell has sold its truckload brokerage unit to CloudTrucks, a technology provider to small carriers.
In July 2022, FreightWaves' Grace Sharkey reported that CloudTrucks had launched fintech offerings for truck drivers who use its Virtual Carrier leasing program, which included CT Credit, a Visa business card that avoids high-interest rates and fees, and CT Cash, a nonrecourse factoring solution that leverages a Visa Cash card.
CloudTrucks partnered with Avibra to bring you CloudCare - insurance, wellness, and financial perks at no cost to you.
To view more FreightWaves infographics, click here. Future of Supply ChainJUNE 21-22, 2023 • CLEVELAND, OH • IN-PERSON EVENTThe greatest minds in the transportation, logistics and supply chain industries will share insights, predict future trends and showcase emerging technology the FreightWaves way–with engaging discussions, rapid-fire demos, interactive sponsor kiosks and more
CloudTrucks is Hiring for 8 Jobs on Simplify!
Find jobs on Simplify and start your career today
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About CloudTrucks
Industries
Data & Analytics
Automotive & Transportation
Company Size
51-200
Company Stage
Series B
Total Funding
$141.6M
Headquarters
San Francisco, California
Founded
2019
CloudTrucks is Hiring for 8 Jobs on Simplify!
Find jobs on Simplify and start your career today
People Also Viewed
Discover companies similar to CloudTrucks