NEW YORK, NY, Optimal Dynamics today announced that it has closed $33 million in Series B funding round.
Optimal Dynamics, the pioneer in artificial intelligence-driven decision-making for transportation planning, today announced that it has closed $33 million in Series B funding, less than one year after closing its Series A round.
The Westly Group led the investment, with Activate Capital, Standard Investments and existing investors, including Bessemer Venture Partners, participating to complete the syndicate.
Optimal Dynamics was founded in 2017 by Daniel Powell and his father Warren Powell to create the decision layer of logistics. The company is the byproduct of 40 years of transportation research out of Princeton University led by Warren. By leveraging its proprietary advanced artificial intelligence, CORE.ai, the Optimal Dynamics solution is able to incorporate uncertainty into truckload planning to create real-time adaptive decision-making and resilient networks.
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