Tread

Tread

Transportation management system for construction logistics

About Tread

Simplify's Rating
Why Tread is rated
B+
Rated B on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Industrial & Manufacturing

Enterprise Software

Company Size

51-200

Company Stage

Series A

Total Funding

$2.5M

Headquarters

Toronto, Canada

Founded

2016

Overview

Tread.io focuses on improving the logistics of construction materials through its Transportation Management System (TMS). This software helps clients in the construction industry, such as contractors and suppliers, to manage the buying, moving, and selling of materials more effectively. Tread.io's TMS allows users to plan logistics, dispatch jobs to multiple drivers with ease, and receive real-time updates on their fleet without needing extra hardware. This creates a centralized system that reduces disputes and increases transparency in the logistics process. Unlike many competitors, Tread.io operates on a subscription model, offering flexible pricing and additional services tailored to client needs. The company's goal is to enhance efficiency in construction logistics while fostering a supportive work environment for its employees.

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Simplify's Take

What believers are saying

  • AI integration predicts equipment maintenance, optimizing fleet usage and reducing downtime.
  • 5G expansion enhances real-time data transmission, improving logistics platform connectivity.
  • Increased Contech investment boosts Tread's growth potential in digital transformation.

What critics are saying

  • Competition from TMS providers with similar AI and OCR technologies threatens market share.
  • Slow tech adoption in construction may limit growth for Tread's advanced solutions.
  • Economic downturns could reduce spending on logistics software, impacting subscription revenue.

What makes Tread unique

  • Tread offers a unique TMS for construction logistics, enhancing efficiency and transparency.
  • The platform provides real-time updates without additional hardware, streamlining fleet management.
  • Tread's subscription model allows flexible pricing, catering to diverse client needs.

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Funding

Total Funding

$2.5M

Above

Industry Average

Funded Over

0 Rounds

Company News

Pit & Quarry
Mar 19th, 2024
P&Q Profile: Tread's Sameer Bhalla

Sameer Bhalla joined Tread in October 2022, identifying an opportunity to apply his skill set and experience in logistics and transportation management to the construction materials industry.

Tread
Jan 23rd, 2024
Tread named a "CEMEX Ventures' Top 50 Contech Startup"

more Tread Technologies Inc. is honored to announce that Tread has been selected by CEMEX Ventures as one of the Top 50 most promising Contech Startups in 2024.

Tread
Jan 9th, 2024
Kicking Off the New Year with Tread

Over the last six months, Tread Technologies Inc. launched the platform and introduced key features such as OCR and AI-assisted scale ticket reading, rate management, a new mobile app, API documentation, and much more.

Tread
Oct 26th, 2023
Tread Welcomes Tim Chung, VP Sales, and Adena DeMonte, Head of Marketing, to Leadership Team

As Tread Technologies Inc. accelerate its growth heading into 2024, Tread Technologies Inc. is excited to announce the expansion of its leadership team with two key hires - Tim Chung, Vice President of Sales, and Adena DeMonte, Head of Marketing.

BetaKit
Dec 3rd, 2020
Tread tracks positive momentum as COVID-19 fuels tech adoption in construction sector

The COVID-19 pandemic is challenging sectors that have, until now, experienced relatively low levels of technological transformation. One sector that is no exception to this trend is construction.

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