SignalFire is a venture capital firm that invests in seed-stage companies and breakout companies. The company focuses on providing data-driven insights and tailored advisory programs across various sectors, including health, fintech, and cybersecurity.

SignalFire

TenOneTen Ventures is a venture capital firm that invests in start-ups that apply data and technology to disrupt existing industries.

TenOneTen Ventures

We invest in smart people solving hard problems, often difficult scientific or engineering problems. Importantly, we believe the brightest and most creative problem solvers seek the hardest and most interesting problems, and gathering the best technical talent is a major competitive advantage.  Advances in cloud and other computing technologies radically reduce the costs of starting and running new businesses, creating opportunities for outsized returns. We invest in teams we believe in and our experience suggests that finding good founding teams and leaving them in place tends to produce higher returns overall.  As a corollary, we resist shackling a company to its original business model. Businesses really do evolve over time and changing models in the early years is anything but a sign of weakness. We do not expect that the first business model for a company will be the final or best business model and do not see evolution as a negative. The most powerful minds are the ones that can be changed.  We believe that substantially all of our investments should be directed to companies with an audacious vision seeking enormous markets. So, we will continue to invest in very talented entrepreneurs who are pursuing ambitious, challenging tasks. We will treat them with respect and hope for the best.

Kortschak Investments L.P.

Google Ventures invests in sectors including life sciences, consumer, enterprise, crypto, climate, and frontier technology. With Alphabet as its sole limited partner, Google Ventures focuses on long-term investments. Its operating partners assist startups in design, equity, diversity & inclusion, talent, and engineering and help them connect with Google for technology and expertise. Founded in 2009 as Google Ventures, Google Ventures manages over $8 billion in assets with 400 active portfolio companies in North America and Europe. Some notable investments include Uber, Nest, Slack, GitLab, and One Medical. Google Ventures is based in the San Francisco Bay Area with offices in Cambridge, New York, and London.

Google Ventures

Foundation Capital is a venture capital firm dedicated to the proposition that one entrepreneur's idea, with the right support, can become a business that changes the world. The company is made up of former entrepreneurs who set out to create the firm they wanted as founders. This forward-thinking team of VCs has helped companies like Lending Club change the way money is lent and borrowed, Sunrun reinvent the residential clean energy market, and Netflix revolutionizes media distribution and consumption, among many others. Foundation Capital is currently invested in more than 60 high-growth ventures in the areas of consumer, information technology, software, digital energy, financial technology, and marketing technology. These investments include AdRoll, Beepi, Bolt Threads, DogVacay, Kik, ForgeRock, Lending Home, Localytics, and Visier. The firm's twenty-six IPOs include Lending Club, OnDeck, Chegg, Sunrun, MobileIron, Control4, TubeMogul, Envestnet, Financial Engines, Netflix, NetZero, Responsys and Silver Spring Networks.

Foundation Capital

Early-stage venture capital fund focused on investments in technology companies within the supply chain, manufacturing and digital industrial sectors

Schematic Ventures

GLP Capital Partners is a leading global investment manager with a focus on modern logistics facilities and logistics-related operating companies.

GLP Capital Partners

SoftBank Vision Fund is a subsidiary of Softbank Group that specializes in growth capital and social impact investments. Sectors that the fund invests in include the internet of things, artificial intelligence (AI), robotics, communications infrastructure, telecoms, computational biology, biotech, cloud technologies and software, consumer internet businesses, financial technology, and mobile apps. The Fund is designed to be a catalyst for technology progress in anticipation that it will expand SoftBank's capabilities, accelerating progress towards SoftBank 2.0. It aims to invest in businesses and foundational platforms that SoftBank believes to revolutionize and innovate the world tomorrow.

SoftBank Vision Fund

Volvo Group Venture Capital is a corporate investment company making venture capital and growth equity investments.  Their mission is to drive new business growth and their ambition is to be a leading corporate investor in sustainable transport and infrastructure solutions. Their value proposition to the companies we invest in, other investors as well as to our Volvo colleagues, is to accelerate growth.

Volvo Group Venture Capital

Susquehanna Growth Equity is a private equity and venture capital firm focused on growth and expansion-stage companies. The firm primarily invests in software and tech-enabled businesses in North America, Israel, and Western Europe. Areas of focus include enterprise software/SaaS, financial technology, supply chain/logistics, internet, healthcare technology, security infrastructure, human resources technology, and lending technology. The firm invests $5-$100+ million in companies with $5-$100+ million of revenue.

Susquehanna Growth Equity

Alphabet is a holding company that provides projects with resources, freedom, and focus to make their ideas happen. Alphabet is the holding company for Google and several Google entities, including Google X, Google Ventures, Google Capital, Calico, and its Life Sciences efforts.  The company's CEO, Larry Page announced the operational restructuring effort for Alphabet Inc. to replace Google Inc. as the official publicly-traded entity. He announced that all shares of Google would automatically convert into the same number of shares of Alphabet, with all of the same rights. The two classes of shares will continue to trade on Nasdaq as GOOGL and GOOG.

Alphabet

Eden Global Partners is a private investment firm that collaborates with a community of investors and entrepreneurs. The company provides investments and offers enduring capital to founders who prioritize creating long-term value for shareholders, employees, and customers.

Eden Global Partners

Flock Freight

Flock Freight is reimagining and reinventing the freight industry by relentlessly eliminating inefficiency and waste through algorithmic pooling. Working at the intersection of cutting-edge technology and human-centric logistics management, Flock Freight tailors its shipping experience to meet your business’s needs. Flock Freight seamlessly pools any freight to find the perfect route, avoiding terminals and risky offloads so that a shipment travels safely and directly to its destination, damage-free. The result: on-time delivery with every shipment—guaranteed. With venture capital from Google Ventures and SignalFire, Flock Freight is one of the largest startups in San Diego, California. The company's team is obsessed with aggressively growing its customer base, constantly improving the technology platform, and delivering a superior customer experience.  Flock Freight aims to fundamentally change the $60 billion LTL freight industry across North America with FlockDirect—one pooled shipment at a time.

Flock Freight offers “FlockDirect,” a machine learning (ML) and automation-based platform that allows less-than-truckload shippers to share trailer space in one full truckload. The company leverages proprietary probability pricing algorithms to locate such shippers along a single route, pool them into a single truckload, and allocate shipments for the best possible route. Registered carriers can negotiate rates for the shared truckloads and can book the shipment instantly via the platform. The company claims to be the only such service provider to offer carbon-neutral shipping without an extra cost to shippers. The company generated revenue of USD 300 million over the 10 months ended May 2024.

Using online platforms, autonomy, electric and fuel-cell tech solutions to shape the future of trucking.

Truck Industry Tech

Grace Sharkey on LinkedIn: Pro tip: If you can't make the Flock Freight event time tomorrow STILL GO…

Flock Freight offers “FlockDirect,” a machine learning (ML) and automation-based platform that allows less-than-truckload shippers to share trailer space in one full truckload. The company leverages proprietary probability pricing algorithms to locate such shippers along a single route, pool them into a single truckload, and allocate shipments for the best possible route. Registered carriers can negotiate rates for the shared truckloads and can book the shipment instantly via the platform. The company claims to be the only such service provider to offer carbon-neutral shipping without an extra cost to shippers. The company generated revenue of USD 300 million over the 10 months ended May 2024.Key customers and partnershipsFlock Freight’s customers include Dirty Labs, Eneos, Vitamin Well, Gimme Seaweed, Ammex, Relly Foods, AmerCareRoyal, Orgain, Walkboard Express, Toshiba, Berlin Packaging, and Walakea Water.The company also has a September 2023 <a href="https://sp-edge.com/updates/21638">partnership with e2open,</a> a connected supply chain SaaS platform, to offer e2open Transportation Management (TMS) users access to FlockDirect.

Einride is a Swedish startup developing technology for both autonomous and electric trucks. Its product portfolio includes the freight-hauling autonomous Class 8 trucks “Pods,” electrified commercial mobility solutions “E-trucks,” electric semi-trailer <a href="https://sp-edge.com/updates/10558">“Einride Trailer,” </a>its operating system “Saga”—an IoT-based system that runs through Einride’s vehicles <a href="https://sp-edge.com/updates/14209">(also offered to third parties), </a>a developer application programming interface called <a href="https://sp-edge.com/updates/10558">“Einride Extend”; </a>and charging stations called <a href="https://sp-edge.com/updates/14209">“Einride Stations.” </a>The company offers electric trucks to customers across Europe, US, and <a href="https://sp-edge.com/updates/19012">the UAE. </a>It also has approval to launch its autonomous trucks in countries including Sweden, <a href="https://sp-edge.com/updates/11283">the US, </a>and <a href="https://sp-edge.com/updates/13069">Germany.&nbsp;</a>&nbsp;Einride offers its products on a subscription-based delivery-as-a-service business model. The subscription includes the use of Einride's electric and autonomous trucks, access to its routing software, and maintenance services.Key customers and partnershipsEinride’s customers using its electric trucking solutions include <a href="https://sp-edge.com/updates/9350">A.P. Moller-Maersk </a>(US), Bridgestone (US), <a href="https://sp-edge.com/updates/9350">Beyond Meat </a>(US), <a href="https://sp-edge.com/updates/35190">PepsiCo</a> (US), Lidl (Sweden), <a href="https://sp-edge.com/updates/11100">Oatly </a>(Sweden and US), <a href="https://sp-edge.com/updates/25917">Mars </a>(Europe), Heineken (Netherlands and Germany), <a href="https://sp-edge.com/updates/15017">AB InBev </a>(Benelux region), PepsiCo snack food subsidiary <a href="https://sp-edge.com/updates/17838">Walkers </a>(UK), <a href="https://sp-edge.com/updates/18586">REWE </a>(Germany), and <a href="https://sp-edge.com/updates/19409">PostNord </a>(Sweden and Norway). Its customers that use the autonomous version of its trucks include <a href="https://sp-edge.com/updates/24002">GE Appliances </a>(US).&nbsp;Einride has truck purchase agreements with automakers including Mercedes-Benz (120 trucks for deployments in Europe; <a href="https://sp-edge.com/sectors/commerce-and-hospitality/updates/7396">December 2021) </a>BYD (200 trucks for US deployments; <a href="https://sp-edge.com/updates/8645">February 2022) </a>, Scania (110 trucks for deployment in Europe; <a href="https://sp-edge.com/updates/11190">May 2022), </a>DAF Trucks (50 electric trucks; <a href="https://sp-edge.com/updates/18731">May 2023) </a>and Paccar (150 trucks, <a href="https://sp-edge.com/updates/29863">May 2024), </a>which would be retrofitted with Einride’s autonomous/operating software.&nbsp;Key competitors: None comparable (Einride is the only company in the Truck Industry Tech that offers battery-electric and autonomous trucking solutions.)

Einride

Kodiak Robotics develops Level-4 autonomous trucks (i.e., fully autonomous vehicles but limited to specific locations and/or conditions) powered by its autonomous technology “Kodiak Driver,” for long-haul transportation. Its approach to system engineering is unique and involves a ground-up approach without retrofitting systems from other autonomous vehicles. Its technology consists of 1) “SensorPods,” a sensor suite that uses cameras, LiDAR, and radars to perceive the environment; 2) “Kodiak Maps,” a flexible routing layer that offers information for autonomous driving; and 3) “Guardian,” its fault management system that runs safety and performance checks to ensure safe movements.In <a href="https://sp-edge.com/updates/25348">January 2024</a>, the company unveiled its sixth-generation driverless semi-truck designed for scaled deployment on public roads. The company plans to make the technology available for users in two ways: 1) shippers can either request to integrate the sensor pods into their fleets and pay a subscription fee for Kodiak Driver or 2) partner with Kodiak Robotics to ship goods using Kodiak’s fleet of autonomous trucks for a subscription fee. The company launched commercial operations in 2019 and launched the Partner Deployment Program (PDP) to structure work with commercial partners in 2022. It operates in cities in states including Texas, <a href="https://sp-edge.com/updates/21110">Georgia,</a> Oklahoma, and Florida. The company also planned to expand operations <a href="https://sp-edge.com/updates/3402">to Asia-Pacific</a>, including South Korea and China (via a partnership with South Korean conglomerate SK Group; announced in May 2021).In terms of driverless operations, Kodiak Robotics had a fleet of 40 autonomous trucks in testing, with a driver following the route as of September 2023. The company intended to launch fully driverless tests in 2024 and commercial driverless operations by 2025.Key customers and partnershipsKodiak Robotics’ customers include <a href="https://sp-edge.com/updates/8991">Ceva Logistics,</a> <a href="https://sp-edge.com/updates/9650">U.S. Xpress,</a> <a href="https://sp-edge.com/updates/11864">10 Roads Express,</a> <a href="https://sp-edge.com/updates/22474">Maersk,</a> <a href="https://sp-edge.com/updates/13839">IKEA,</a> <a href="https://sp-edge.com/updates/27196">Martin Brower,</a> <a href="https://sp-edge.com/updates/13398">Werner Enterprises,</a> <a href="https://sp-edge.com/updates/19644">Loadsmith,</a> Tyson Foods, C.R. England, <a href="https://sp-edge.com/updates/30953">Artur Express</a> and <a href="https://sp-edge.com/updates/31883">Atlas Energy Solutions</a>.The company also has partnerships to establish truckports and other related services to facilitate its operations. Such partnerships include 1) Wabash, a producer of semi-trailers, to use its trailers-as-a-service (TaaS) offering for autonomous fleet (<a href="https://sp-edge.com/updates/33939">September 2024</a>); 2) logistics and transportation firm Ryder Systems to establish a truckport in Houston, Texas <a href="https://sp-edge.com/updates/25804">(January 2024);</a> 3) weigh station bypass solutions provider Drivewyze to pilot a motor vehicle inspection program for autonomous trucks in Texas <a href="https://sp-edge.com/updates/20326">(July 2023);</a> 4) Forward Air Corporation, an asset-light provider of transportation services, to operate 24/7 trucking services between routes in Dallas (Texas) and Atlanta (Georgia; March 2023); and 5) travel center operator Pilot Company to co-develop truck service stations across North America <a href="https://sp-edge.com/updates/12559">(August 2022).</a>Its other product partners include semiconductor design company Ambarella to integrate Ambarella’s perception system-on-chip (SoC) (January 2023) and AI domain control SoC (January 2024) into Kodiak’s self-driving trucks.

Kodiak Robotics

Plus (formerly Plus.ai) develops automated and autonomous trucking solutions. Its product portfolio consists of 1) “PlusVision,” an AI-based perception software designed for advanced driver assistance systems (ADAS) and higher levels of autonomous driving; 2) <a href="https://sp-edge.com/updates/29369">“PlusProtect,”</a> a scalable AI-based technology that allows global tier 1 automotive suppliers and OEMs to develop functionalities such as automatic emergency braking, lane departure warnings, traffic jam assist, predictive fuel optimization, etc.; 3) “PlusDrive,” for advanced Level 2++ supervised driving functions (i.e., vehicles can control the speed and the steering but require a safety driver to maintain full vigilance); 4) “SuperDrive,” a Level 4 autonomous driving software for driverless operations (i.e., fully autonomous vehicles limited to specific locations and/or conditions); and 5) <a href="https://sp-edge.com/updates/26625">“Plus Open Platform for Autonomy,”</a> an initiative focused on providing a set of hardware and software tools that allow developers to create and integrate various autonomous driving solutions.As of May 2024, the company had customers in the US, Europe, and Australia. The company offers its technology as a subscription-based SaaS offering. As of&nbsp;<a href="https://sp-edge.com/updates/35595">October 2024</a>, Plus planned to validate its technology, collaborate with truck manufacturers to develop autonomous-ready vehicle platforms, complete the safety case for its technology, and commence testing for driverless operations by 2025 or 2026. It also plans to launch commercial operations in 2027.Key customers and partnershipsOEMs that have integrated Plus’ technology include Nikola (to integrate PlusDrive into Nikola’s trucks; February 2023), TRATON Group (to integrate Scania, MAN, and Navistar trucks with SuperDrive to be sold directly to the OEMs’ customers; <a href="https://sp-edge.com/updates/27515">March 2024),</a> and IVECO (to integrate IVECO’s heavy-duty truck with PlusDrive in April 2021; public road tests commenced in Germany <a href="https://sp-edge.com/updates/19927">in July 2023)</a>. Its customers include Amazon, which ordered 1,000 self-driving truck systems (<a href="https://sp-edge.com/updates/3407">June 2021).</a> The company also has a partnership with Hyundai Motor Company to equip fuel-cell electric trucks with Plus SuperDrive (<a href="https://sp-edge.com/updates/29863">May 2024</a>). Hyzon has completed a Class 8 200 kW FCEV truck trials in partnership with the logistic solutions providers&nbsp;<a href="https://sp-edge.com/updates/35420">TALKE</a> (October 2024) and&nbsp;<a href="https://sp-edge.com/updates/35642">IMC Logistics</a> (November 2024).Plus’ key product partnerships include ones with 1) automotive technology company Luminar to integrate Luminar’s LiDAR solutions into PlusDrive <a href="https://sp-edge.com/updates/19201">(June 2023);</a> 2) engineering and technology company Bosch to integrate PlusDrive with the Bosch integrated steering systems <a href="https://sp-edge.com/updates/18177">(May 2023);</a> and 3) Transurban, a company managing urban toll road networks, to test Level 4 autonomous driving technology in Australia <a href="https://sp-edge.com/updates/21220">(August 2023).</a>Its business in China was separated <a href="https://sp-edge.com/updates/22722">in October 2023</a> following a deal with China-based digital freight platform operator Full Truck Alliance (FTA), which enabled Plus to operate and expand across other global markets while FTA was to operate its China business.

Plus

Gatik develops and operates a fleet of light and medium-duty trucks with Level-4 automation (i.e., fully autonomous vehicles limited to specific locations and/or conditions) for middle-mile delivery. Gatik operates as an autonomous delivery as a service (ADaaS) provider to its customers. The company has operations in Arkansas, Texas, and California in the US and Ontario in Canada. As of May 2024, Gatik had a fleet of more than 60 trucks and had completed more than 600,000 order deliveries.Key customers and partnershipsGatik’s customers include <a href="https://sp-edge.com/updates/17132">Kroger</a> (US), <a href="https://sp-edge.com/updates/6505">Walmart</a> (US), <a href="https://sp-edge.com/updates/12708">Pitney Bowes</a> (US), <a href="https://sp-edge.com/updates/21574">Tyson Food</a> (US), <a href="https://sp-edge.com/updates/10926">Georgia-Pacific, KBX</a> (US), and <a href="https://sp-edge.com/updates/13535">Loblaw’s PC Express</a> (Canada).Gatik’s product collaborations include those with 1) electric vehicle manufacturer Via Motors (introduced electric autonomous box trucks; February 2021); 2) Isuzu North America to mass-produce autonomous medium-duty delivery trucks (April 2021); 3) American multinational tire manufacturer Goodyear for tire intelligence technology (<a href="https://sp-edge.com/updates/5712">September 2021;</a> extended in <a href="https://sp-edge.com/updates/25347">January 2024</a>); 4) fleet management solutions provider Ryder System to retrofit its autonomous technology into Ryder’s trucks and obtain its maintenance facilities (<a href="https://sp-edge.com/updates/6070">October 2021);</a> 5) ChargePoint, an EV charging network to offer charging infrastructure and services for Gatik’s customers (<a href="https://sp-edge.com/updates/9390">March 2022); </a>and 6) Isuzu Motors to co-design a redundant chassis for autonomous driving systems <a href="https://sp-edge.com/updates/29407">(May 2024).</a>Gatik also has secured strategic partnerships with <a href="https://sp-edge.com/updates/32844">Nippon Express Holdings</a>, <a href="https://sp-edge.com/updates/30366">ITOCHU Corporation</a> and <a href="https://sp-edge.com/updates/29407">Isuzu Motors</a> under which it secured strategic investments.&nbsp;

Gatik

Aurora Innovation (Aurora) is an autonomous vehicle technology startup providing autonomous vehicles under two divisions, namely “Aurora Horizon” (its autonomous trucking service) and “Aurora Connect” (its autonomous ride-hailing service). Both are powered by the company’s self-driving technology “Aurora Driver,” which is equipped with a hardware kit that includes a computer, proprietary “FirstLight Lidar,” radar, and cameras, as well as a software platform that features perception, motion planning, mapping, and simulation systems to understand its environment.Aurora has operations in cities including the Bay Area (California), Bozeman (Montana), Dallas (Texas), Detroit (Michigan), Louisville (Colorado), Pittsburgh (Pennsylvania), and Seattle (Washington). It launched its first commercial-ready truck route connecting Dallas and Houston, Texas in <a href="https://sp-edge.com/updates/23374">November 2023. </a>However, Aurora laid off 3% of its workforce (about 53 employees) <a href="https://sp-edge.com/updates/25865">in January 2024, </a>to boost the commercial launch efficiency of its autonomous trucking business.Aurora planned to provide the service to customers on a subscription-based delivery-as-a-service business model, charging a fee per mile. As of&nbsp;<a href="https://sp-edge.com/updates/35472">October 2024</a>, the company intended to launch the service commercially in 2025.Aurora’s complementary acquisitions include Uber’s self-driving car unit, Advanced Technologies Group (ATG; December 2020), to complement its autonomous technology development and LiDAR startups Blackmore (May 2019) and OURS Technology (February 2021) to expedite and complement its LiDAR development process.Aurora was listed on the Nasdaq in November 2021 by <a href="https://sp-edge.com/updates/4258">merging with a special purpose acquisition company (SPAC), </a>valuing the combined entity at USD 13 billion. The company did not generate revenue in 2023 and reported an operating loss of USD 835 million for the year.&nbsp;Key customers and partnershipsAurora’s partners to pilot its technology include logistics companies such as <a href="https://sp-edge.com/updates/9619">Werner Enterprises, </a><a href="https://sp-edge.com/updates/18176">Hirschbach, </a><a href="https://sp-edge.com/updates/10521">FedEx, </a><a href="https://sp-edge.com/updates/30781">Uber Freight, </a>and <a href="https://sp-edge.com/updates/11986">Schneider.&nbsp;</a>Its product partners include OEMs, such as Volvo (March 2021; a production-ready version unveiled <a href="https://sp-edge.com/updates/29593">in May 2024) </a>and PACCAR (January 2021) to jointly develop autonomous trucks, fleet service partner <a href="https://sp-edge.com/updates/14317">Ryder </a>(November 2022), and hardware and service partner <a href="https://sp-edge.com/updates/18085">Continental </a>(April 2023).&nbsp;

Aurora Innovation

Developers of autonomous light, medium, and heavy-duty trucks. Most companies outfit truck chassis with their technology. The majority of autonomous trucks available test at SAE Level 3 (i.e., require a driver present and ready to take control or remote assistance by an operator).

Providers of self-driving and safety-related hardware and software that provide features such as platooning, collision avoidance alerts, blind spot detection, automatic braking, automated manual transmissions, and eco-driving systems.

Developers of electric and hydrogen-powered trucks.

Apps and devices that show comprehensive routes and provide truck drivers with up-to-date gas prices, locations of nearby truck stops, bypass weigh stations, available parking, etc.

Apps that help shippers connect with carriers, optimize freight logistics, track shipment and driver hours, etc.

Companies in "safety and driving assist tools" and "autonomous trucks" use AI/ML for autonomous navigation

Companies operating in "Autonomous trucks" segment often provide autonomous mobility solutions

Autonomous trucking solutions fall under Industry 4.0

Electric and fuel cell trucks contribute to reduced carbon footprint of vehicle fleets

<div>
 Shared truckload solutions provider, Flock Freight, has announced a plan to lay off 54 staff members, mainly in back office roles, as part of their strategy to focus on profitability. In addition, the company will be enhancing their automation initiatives to improve operational efficiency.
 This follows a previous layoff in April 2023, where Flock Freight let go of 45 staff members.&nbsp;
 Analyst Quick Take: This move by Flock Freight is in line with recent industry trends, evident from other freight companies making similar decisions. For instance, battery electric vehicle developer <a href="https://sp-edge.com/updates/26915">Rivian</a> recently announced they would lay off 10% of its workforce, while digital freight matching platform <a href="https://sp-edge.com/updates/22918">Convoy</a> had to cease operations entirely.
 
</div>

Flock Freight

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