Transportation management software startup Alvys Inc. today said it’s looking to cement its status as a leader in logistics and supply chain operations management after closing on a $20.5 million early-stage round of funding.

The Series A round was led by Titanium Ventures and saw participation from Picus Capital, RTP and Bonfire.

The company says it wants to become the de facto operating platform for organization’s logistics and supply chain management operations. To do this, it has created an innovative, cloud-based platform that’s designed to serve as the nerve center of businesses’s logistics operations, with hundreds of third-party software integrations that enable them to aggregate all of their supply chain data into a single hub.

Alvys says its platform is the most efficient way to consolidate and organize enterprise-wide logistics and supply chain data, providing a single portal through which any user can find the information they need to make decisions.

Among its many features are tools for dispatch and load management, data analytics and reporting tools, an International Fuel Tax Agreement calculator, an integrated electronic data interchange tool that allows for the efficient exchange of business documents in a standardized format, and track and trace tools for any shipment across the globe. It also consolidates basic accounting information, provides a search portal for businesses to locate truck capacity anywhere in the world, and a driver mobile app so they can keep companies up to date on the status of any delivery.

With so many functions and features, Alvys says its platform is uniquely able to provide a 360-degree view of any organization’s trucking and logistics operations, allowing them to organize everything from freight quotes to truck driver payments. It helps to streamline dispatch, carrier onboarding, truck driver management, billing, compliance, reporting and more, the startup says.

Moreover, it boasts integrations with more than 100 third-party software systems, including Samsara, RMIS, DAT, Motive, RTS, Geotab, QuickBooks and more.

Alvys Chief Technology Officer Leo Gorodinski said this kind of unified platform is sorely needed as traditional transportation management systems are nowhere near as comprehensive, lacking the integrations with third-party tools to build a complete picture of a company’s logistics operations.

“Our customers are seeing an average load increase of 22% after just four months using our innovative platform,” he said. “Our goal is to revolutionize carrier and broker connections with seamless, one-click workflows and integrated technologies. Traditional ERP and TMS systems are often burdensome and built on outdated technology.”

The company didn’t provide any data, but insisted that it is seeing rapid customer growth. The money from today’s round will go toward accelerating the development of its platform and recruiting more staff.

“We’re tackling some of the most complex challenges currently vexing the industry,” said Alvys founder and Chief Executive Nick Darman. He added that the company is “moving the needle on attracting innovative thinkers to our team to help us solve those problems. We’re poised to bring on board the brightest minds ready to transform how the industry operates.”

Saad Siddiqui, a partner at Titanium Ventures, said he was attracted to Alvys because its platform transcends traditional TMS, incorporating artificial intelligence capabilities and modern workflows.

“In an industry filled with older, legacy technology and one that faces regulatory changes, it is harder than ever to be in the freight space,” he said. “Customers need a better understanding of their business and [they need it] in real time.”

Image: Alvys