HomeUSATransfix Closes $40M Series F Funding

Transfix Closes $40M Series F Funding

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Transfix

Transfix, a NYC-based provider of an intelligent freight platform, raised $40M in Series F funding.

The round was led by New Enterprise Associates, G Squared, with participation from Canvas.

The company intends to use the funds to enhance its financial position, and support a path to profitability.

Led by CEO Jonathan Salama, Transfix Drives provides an intelligent transportation platform that combines enterprise-grade machine learning technology with software and dedicated supply chain experts to enable organizations to deliver long-term strategies and capacity planning, eliminating empty miles off the road and optimizing their networks at scale.

Today, Transfix connects shippers to nearly 30,000 carriers with real-time, many-to-many freight matching and the visibility they need to make their supply chains more efficient and environmentally responsible.

FinSMEs

19/10/2023

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