Funding Roundup: Boon, CloneOps.ai and Other Successfully Raise New Funding
It has been a great couple of weeks for startups in the e-commerce, logistics, and supply chain space. In this week’s Ecosystem Funding Roundup, we are thrilled to feature 5 of their notable achievements:
Boon
Boon has announced $20.5 million in combined seed and Series A investment to develop an artificial intelligence (AI) platform for commercial fleets. "With $20.5M raised, we are expanding capabilities to deliver new features, optimizing for current clients, and building out our engineering and go-to-market teams," Boon said. "Over the next 18 months, we plan to triple in size." According to its website, Boon's solution allows fleets to connect all of their systems while automating data entry, dispatch, and load sources. The business provides an AI-powered agentic platform designed specifically for the logistics business, allowing fleet operators, dispatchers, and drivers to focus on other tasks.
Year Founded: 2023
Founder(s): Deepti Yenireddy
Location: California, United States
Latest Funding: US$20.5M Seed and Series A
Lead Investor(s): Marathon and Redpoint
CloneOps.ai
CloneOps.ai, an AI-powered logistics communication platform, said that it has secured an undisclosed seed funding round headed by a group of industry angel investors. CloneOps.ai, led by CEO David Bell and CFO David Vingiano, automates routine communications, freeing up human talent to focus on higher-value tasks such as strategic decision-making and customer relationship management. CloneOps.ai is about converting nonrevenue tasks into revenue-producing activities. By automating time-consuming tasks like retrieving proof of delivery, verifying rates, and sending paperwork, brokers can focus on what truly matters: closing deals and servicing clients.
Year Founded: 2024
Founder(s): David Bell
Location: Florida, United States
Latest Funding: Undisclosed
Lead Investor(s): Undisclosed
Loadar
Loadar, a pioneering freight procurement and management solution, has secured $4 million in a seed round. Frontline Ventures, a notable Irish venture capital firm, led the investment round, with Techstart Ventures, an existing investor, participating as a follow-on. Loadar, founded in 2022 by Ciaran Doherty in Belfast, is prepared to make substantial contributions to the logistics sector. The firm intends to automate and manage large-scale shipping operations by providing multi-modal solutions that include road, sea, air, and rail transportation. Loadar delivers real-time freight oversight across the supply chain by easing transport sourcing and allowing shippers and carriers to collaborate directly.
Year Founded: 2022
Founder(s): Ciaran Doherty
Location: Belfast, United Kingdom
Latest Funding: US$4M Seed
Lead Investor(s): Frontline Ventures
Meight
Meight, a Lisbon-based intelligent transport platform (ITP), has raised €3.4 million in investment to accelerate the digital revolution of transport management across Europe. Cusp Capital led the funding round. This current round of funding will allow the business to expand its platform and deliver new capabilities that will automate and optimize the freight management process for small carriers and enterprise customers. In fact, Meight assists 95% of family-owned carriers in digitizing their operations, increasing their competitiveness in the market. By automating procedures and minimizing manual chores, the platform helps small and medium-sized carriers adapt to digital transformation.
Year Founded: 2021
Founder(s): António Reis and Luis Mendes
Location: Lisbon, Portugal
Latest Funding: €3.4M
Lead Investor(s): Cusp Capital
Starboard Systems
Starboard is an AI-powered logistics solutions business based in Toronto, Canada. It has secured $5.5 million in investment led by Eclipse and current backers Garuda Ventures and Everywhere Ventures. This fresh capital will allow Toronto-based Starboard to grow its engineering team and speed up the development of an AI-powered logistics hub. Led by CEO Sumeet Trehan, Starboard is developing virtual infrastructure to facilitate worldwide trading. Its core product is an AI-powered TMS and rate management solution that enables mid-sized freight forwarders to operate more effectively and earn more business.
Year Founded: 2024
Founder(s): Sumeet Trehan
Location: Toronto, Canada
Latest Funding: US$5.5M
Lead Investor(s): Eclipse
