Parade secures $17M from I Squared Capital for AI endeavors

Capacity management platform Parade announced Thursday it has closed a $17 million venture round led by I Squared Capital to continue enhancing its product.

“We’re excited to lead Parade’s funding round at a transformative time for the freight industry, which is on the cusp of a tech revolution. Parade’s AI-driven solutions are poised to unlock huge productivity gains in this industry often characterized by cautious adoption of technology,” said Kevin Crull, global infratech fund partner at I...

https://www.freightwaves.com/news/parade-secures-17m-from-i-squared-capital-for-ai-endeavors

Parade unveils new capacity management and pricing tools

Whether it’s certain lanes or carrier partnerships, every brokerage has some kind of advantage in the marketplace. Whatever your strengths, leaning into them is your best move.

But fully utilizing your carrier network is easier said than done, even more so when you use disparate capacity management platforms.

The reality is that freight brokerages left in information silos have little chance to maximize capacity and build out their carrier relationships.

This no longer has to be the case. Now,...

https://www.freightwaves.com/news/parade-unveils-new-capacity-management-and-pricing-tools

Parade equipping freight brokers with digital blueprint

Supply chain volatility this past year has put tremendous pressure on freight brokers to manage the madness, pushing them to the limit as shipper requests multiply. It’s been equally frustrating for carriers looking to keep up with the fast pace of the industry.

Anthony Sutardja, CEO and co-founder of Parade, said it’s been challenging for some to build strong relationships and quickly find capacity amid such rapid growth. Worse, the exorbitant prices of FreightTech solutions have left many...

https://www.freightwaves.com/news/parade-equipping-freight-brokers-with-digital-blueprint

FreightTech leaders join tier-1 VC in accelerating Parade’s vision for freight

Last week’s securing of $12.7 million in investor funding shows that Parade isn’t just about raising money to accelerate its business; it’s also about building an investor syndicate of the best and brightest minds in both technology and freight to transform the industry from within.

The freight industry is incredibly complex and full of opportunity — but solutions are not always obvious. Parade has brought together the best technologists and industry experts to fundamentally improve how freight...

https://www.freightwaves.com/news/freighttech-leaders-join-tier-1-vc-in-accelerating-parades-vision-for-freight