TFI International and Maersk both took part in a round that pushed the freight automation platform developer's valuation past $400m.

US-based freight automation technology provider Loadsmart has closed a $90m series C round featuring logistics and transportation provider TFI International and shipping firm AP Moller – Maersk.

The round was co-led by alternative investment firm Chromo Invest with investment manager BlackRock’s managed funds. It included Perry Capital and Bramalea Partners, and it valued the company above $400m according to VentureBeat

Loadsmart has created a cloud software platform that utilises artificial intelligence and machine learning to help automate the freight shipping…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.