Parade

AI tools for logistics and freight management

San Francisco, California, United States

About Parade

Parade.ai enhances the efficiency of freight brokerages and third-party logistics providers (3PLs) by offering digital solutions for carrier management and load booking. Their main product, the Capacity CoDriver, is an AI tool that optimizes carrier sourcing, automates bookings, and improves operational efficiencies. This tool helps clients like ARL Logistics increase their repeat carrier rates and load bookings significantly. Parade.ai operates on a software-as-a-service (SaaS) model, providing subscription-based access to their AI tools, which allows clients to automate routine tasks and improve their pricing and bidding processes. This approach helps clients manage seasonal load volume surges and maintain effective communication with carriers, ultimately leading to better service quality and faster operations. Parade.ai's goal is to streamline logistics processes, enhance client satisfaction, and support business growth in the logistics sector.

San Francisco, CaliforniaHeadquarters
2015Year Founded
$28.9MTotal Funding
EARLY_VCCompany Stage
Automotive & Transportation, AI & Machine LearningIndustries
51-200Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
401(k) Retirement Plan
Unlimited Paid Time Off
Remote Work Options

Risks

Increased competition from Convoy and Uber Freight could erode Parade's market share.
Rapid AI advancements may require continuous R&D investment to keep pace.
Reliance on partnerships poses risks if partners develop competing solutions.

Differentiation

Parade's Capacity CoDriver optimizes carrier sourcing and automates bookings with AI.
Parade partners with Highway for enhanced fraud prevention in freight bookings.
Parade's Advantage tool transforms capacity-based pricing and shipper connectivity.

Upsides

Parade's AI tools lead to a 25% increase in repeat carriers for clients.
New $17M funding boosts development of Generative AI for freight bookings.
Partnership with Tranztec enhances connectivity and automation for freight brokers.