Warp, a Los Angeles, CA-based tech-powered freight network specializing in middle-mile solutions, raised USD5.7M in Additional Seed funding.
The round, which brought total funding raised to date to $8.1M, was led by MaC Venture Capital, Bonfire Ventures, and Frontier Venture Capital with additional contributions from some of the previous investors.
The company intends to use the funds to scale their network and tech platform to further automate traditional supply chain “hacks” that were previously done manually.
Led by CEO Daniel Sokolovsky and Troy Lester, Warp is a freight network with a fleet of 53-footers, box trucks, and cargo vans, which offers customers the right vehicle for every load based on their speed, price, and service preferences. By pairing proprietary tech with a broad network of carriers and cross-docks, Warp automatically optimizes middle-mile routes through a single integrated platform, giving shippers visibility of their loads.
The routing algorithm takes into account the desired transit time, price, and calculates the best route and type of vehicle. The technology meshes the carrier picking up the load, the WARP StationsTM (cross-dock facilities), and the carrier delivering the shipment, to provide the shipper with the most efficient supply chain based on their desired delivery time and cost.