Alvys, the next-generation logistics operating platform, announced today that it has raised $20.5 million in a Series A funding round. The round was led by Titanium Ventures (formerly Telstra Ventures), with new investor Picus Capital and existing investors RTP and Bonfire.
“This funding round marks a pivotal moment for Alvys as we continue our mission to revolutionize the logistics and supply chain industry,” said Nick Darman, founder and CEO of Alvys. “We’re tackling some of the most complex challenges currently vexing the industry, which is moving the needle on attracting innovative thinkers to our team to help us solve those problems.”
“With this investment, we’re poised to accelerate our growth, enhance our platform, and bring on board the brightest minds ready to transform how the industry operates. Our goal is to empower every logistics and supply chain professional with the tools they need to make better, data-driven decisions,” he added.
The logistics operating platform offers a modern, cloud-based solution that allows for optimized workflows and hundreds of integrations, eliminating personal data silos and providing a comprehensive suite of integrated modules for seamless logistics management.
“We are thrilled to announce our investment in Alvys and contribute to their mission of revolutionizing the freight industry,” said Saad Siddiqui, General Partner at Titanium Ventures. “Their technology transcends traditional TMS, incorporating the most modern technology with AI, features, and workflows that customers desperately need. Customers need a better understanding of their business in real-time, and Alvys is the only platform that provides them with all these features.”
“Our customers are seeing an average load increase of 22% after just four months using our innovative platform,” said Leo Gorodinski, CTO of Alvys and former VP of Engineering at Jet.com. “Our goal is to revolutionize carrier and broker connections with seamless, one-click workflows and integrated technologies. Traditional ERP and TMS systems are often burdensome and built on outdated technology. We’re disrupting the industry by building a world-class, multi-tenant platform to replace outdated software and drive growth across the supply chain.”
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