Overview

Rose Rocket provides software solutions for the trucking and logistics industry, focusing on improving operational efficiency. Their platform replaces traditional Transportation Management Systems (TMS) and offers features like automated order entry, better customer visibility, and enhanced dispatch experiences for drivers and carriers. This software operates on a subscription basis, allowing businesses to avoid large upfront costs and change-management challenges. Unlike many competitors, Rose Rocket's platform is designed to address specific industry challenges, helping clients increase revenue, improve profit margins, and lower costs. The company's goal is to streamline logistics operations for a diverse range of clients, making it easier for them to manage their freight networks.

Simplify's Take

What believers are saying

• Recent $38M Series B funding supports scaling and enterprise market expansion.
• Partnerships with firms like UniGroup enhance competitive edge in logistics.
• SOC II compliance underscores commitment to data security, crucial for logistics clients.

What critics are saying

• Competition from TMS providers like Descartes and Trimble pressures innovation.
• Economic downturns may reduce trucking companies' spending on new software.
• Digital freight platforms like Convoy and Uber Freight threaten traditional TMS systems.

What makes Rose Rocket unique

• Rose Rocket integrates with Geotab for enhanced real-time tracking capabilities.
• The platform offers a next-generation order management experience for trucking companies.
• Rose Rocket focuses on customer experience to differentiate from price-based competitors.

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Funding

Total Funding

$61.3M

Above

Industry Average

Funded Over

2 Rounds

Notable Investors:

Y Combinator

Notable Investors:

Y Combinator

$38,000,000

Series B

Jun 2023

Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.

Series B Funding Comparison

Meet Average

Industry standards

Ind Avg. $35M

$4M

$30M

$38M

$45M

$65M

$100M

View all funding stages