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Overview
Wise Systems builds autonomous dispatch and routing software that uses machine learning to continuously improve fleet efficiency and customer service across last-mile operations in food, beverage, courier, energy, field service, and other markets. Used by some of the world’s largest brands, Wise Systems customers typically see 10-15% mileage reductions, significant increases in fleet utilization, and up to 80% decreases in late deliveries.
The Wise Systems platform applies software-based logic to all orders and makes intelligent, data-driven decisions to optimize both fleet performance and customer service — processing millions of data points and making thousands of real-time decisions that would be impossible for even the most experienced human dispatcher. The system automatically schedules routes, monitors routes in progress, and intelligently adjusts to day-of delays on the ground.
The company was founded out of the MIT Media Lab and Center for Transportation Logistics in 2014 and is headquartered in Boston, Massachusetts.
About
Enterprise Software, Artificial Intelligence (AI), Machine Learning, Logistics, Fleet Management
2014
101-250
Headquarters locations
United States, North America
Social
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Profile Resume
Wise Systems headquartered in United States, North America, operates in the Enterprise Software, Artificial Intelligence (AI), Machine Learning, Logistics, Fleet Management sector. The company focuses on Enterprise Software and has secured $11.7B in funding across 160 round(s). With a team of 101-250 employees, Wise Systems is actively contributing to advancements in Enterprise Software. Their latest funding round, Seed Round - Wise Systems, raised $33.3K. Discover more about their projects, partnerships, and impact on our platform.
Funding Rounds
8
3
0
$73.1M
Details
5
Wise Systems has raised a total of $73.1M in funding over 5 rounds.
Announcement date | Transaction name | Number of Investors | Money raised | Lead Investor |
---|---|---|---|---|
2020 | Early Stage Venture | 15.0M | ||
2021 | Late Stage Venture | 50.0M | ||
2016 | Seed | 1.0M | ||
2015 | Seed | 33.3K |
Investors
Wise Systems is funded by 34 investors.
Investor Name | Lead Investor | Funding Round | Partners |
---|---|---|---|
MassChallenge | - | FUNDING ROUND - MassChallenge | 1.0M |
Right Side Capital Management | - | FUNDING ROUND - Right Side Capital Management | 33.3K |
Wise Systems | - | FUNDING ROUND - Wise Systems | 33.3K |
Bantam Group | - | FUNDING ROUND - Bantam Group | 33.3K |
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