Alvys, the modern Transportation Management System (TMS) utilizing AI and automation to transform freight operations, announced it has closed $40 million in Series B funding. The round was led by RTP Global, with participation from Alpha Square Group, and others, including existing investors Titanium Ventures, Picus Capital, and Bonfire Ventures. This brings the company’s total funding to date to $77M.
Building on its Series A funding secured just over a year ago, Alvys’ fast-follow Series B solidifies the company’s position in the market, reflecting a surge in customer engagement and the industry’s growing demand for an intelligent, AI-powered TMS. This latest funding will propel Alvys in its mission to streamline automation and integrations, offering substantial profit-driving solutions to carriers and brokers who seek efficient operations.
“Our goal is simple: keep building Alvys to be the most strategic solution for an industry where businesses, teams, and individuals can’t afford to waste time,” said Nick Darman, founder and CEO of Alvys. “We’re scaling enterprise-grade solutions with AI at the core. That means using AI, automation, and integrations to remove wasted steps, give teams smarter decision-making in real-time, and help carriers and brokers grow their operations and their profit margins without adding overhead. This funding helps us push toward that goal even faster.”
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With the newly acquired funds, Alvys plans to intensify its efforts where they are most needed – delivering enhanced enterprise functionality for large carriers through advanced API integrations, refined analytics, and strengthened compliance features designed for scalability. For mid-market fleets transitioning from SMB to enterprise, the goal is speed; accelerated onboarding, increased automation, and rapid ROI realization. Universally, Alvys is committed to embedding AI into workflows to promote transparency and efficiency across all operational areas.
“We invested in Alvys because it combines a best-in-class TMS with the ambition to become logistics’ operating system,” said Julius Schwerin, Partner at RTP Global. “Alvys rewires how loads are sourced, dispatched, and reconciled. With 120+ integrations, native EDI, and built-in routing, freight companies move more loads with fewer tabs. That’s the blueprint we back.”
SOURCE: BusinessWire