CloudTrucks

Fleet management solutions for trucking businesses

San Francisco, California, United States

About CloudTrucks

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, using data to enhance efficiency and profitability. Unlike competitors, CloudTrucks simplifies financial management by tracking income and expenses and ensuring timely payment collection upon delivery. The company's goal is to empower drivers to manage their businesses with less administrative burden, allowing them to focus on maximizing their earnings.

San Francisco, CaliforniaHeadquarters
2019Year Founded
$137.7MTotal Funding
SERIES_BCompany Stage
Data & Analytics, Automotive & TransportationIndustries
51-200Employees

Benefits

Flexible time off
Retirement plans
Healthcare coverage
Wellness perks
Equity
Home office stipend

Risks

Competition from Convoy and Uber Freight could erode CloudTrucks' market share.
The ongoing driver shortage may limit CloudTrucks' growth potential.
Rising fuel costs could reduce drivers' ability to afford CloudTrucks' services.

Differentiation

CloudTrucks offers instant payments, reducing financial strain for independent truck drivers.
The platform provides comprehensive fleet management, optimizing schedules and maximizing revenue.
CloudTrucks' financial insights help drivers set and achieve revenue goals efficiently.

Upsides

Increased telematics adoption enhances CloudTrucks' real-time fleet management capabilities.
The rise of digital freight matching aligns with CloudTrucks' load booking services.
5G expansion improves CloudTrucks' app connectivity and user experience.

Funding

Total raised$137.74 M
Latest valuation$575.00 M
StageSERIES_B