Wise Systems

Wise Systems

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Organization

Contact Information

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

Industries

Enterprise Software, Artificial Intelligence (AI), Machine Learning, Logistics, Fleet Management

Founded

2014

Employees

101-250

Headquarters locations

United States, North America

Social

N/A

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.

Employees

imagePlace Chazz Sims

Chazz Sims

CEO and Co-Founder

imagePlace Jemel Derbali

Jemel Derbali

Co-founder

imagePlace Layla Shaikley

Layla Shaikley

Co-Founder and Product

imagePlace Morgan Hodges II

Morgan Hodges II

Web Engineer

imagePlace Dmitry Erastov

Dmitry Erastov

Senior Engineer

imagePlace Richard McDonald

Richard McDonald

Software Engineer

Funding Rounds

Funding rounds

8

Investors

3

Lead Investors

0

Total Funding Amount

$73.1M

Details

5

Wise Systems has raised a total of $73.1M in funding over 5 rounds.

Announcement dateTransaction nameNumber of InvestorsMoney raisedLead Investor
2020Early Stage Venture15.0M
2021Late Stage Venture50.0M
2016Seed1.0M
2015Seed33.3K

Investors

Wise Systems is funded by 34 investors.

Investor NameLead InvestorFunding RoundPartners
MassChallenge-FUNDING ROUND - MassChallenge1.0M
Right Side Capital Management-FUNDING ROUND - Right Side Capital Management33.3K
Wise Systems-FUNDING ROUND - Wise Systems33.3K
Bantam Group-FUNDING ROUND - Bantam Group33.3K

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