{"id":17638,"date":"2025-08-23T04:30:07","date_gmt":"2025-08-23T04:30:07","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/17638\/"},"modified":"2025-08-23T04:30:07","modified_gmt":"2025-08-23T04:30:07","slug":"oway-raises-4-million-for-ai-enabled-rideshare-freight-platform","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/17638\/","title":{"rendered":"Oway Raises $4 Million for AI-Enabled \u2018Rideshare Freight Platform\u2019"},"content":{"rendered":"

Oway<\/a> raised $4 million in a seed round to support its \u201crideshare freight platform\u201d that provides an artificial intelligence (AI)-enabled marketplace designed to cut less-than-truckload (LTL) freight costs.<\/p>\n

Founder and CEO\u00a0Phillip Nadjafov<\/a> shared the news of the seed round in\u00a0a Friday (Aug. 22)\u00a0post<\/a> on LinkedIn.<\/p>\n

Oway is designed to reduce LTL freight costs by taking advantage of the fact that 50% of all truck space in the U.S. goes empty, according to the company\u2019s website. The marketplace uses AI to track vehicles and match them with shippers.<\/p>\n

By pairing shippers with trucks that have space that is not being used, the marketplace helps carriers boost their earnings and shippers reduce their freight spend, per the site.<\/p>\n

The marketplace is currently active in seven states, with 10,000 active vehicles and 1,000 customers, according to the site.<\/p>\n

\u201cOway is growing rapidly to assist in a new era for American industry and we\u2019re partnering with businesses across almost every imaginable category to do it,\u201d Nadjafov said in his post. \u201cIf we\u00a0ultimately lower overall cost of goods sold for products by even 5% with Oway, the impact on the economy will be immense. Supporting trucking companies big and small will ensure the nation\u2019s supply chain infrastructure will thrive for decades to come.\u201d<\/p>\n

Y Combinator<\/a>, which invested in Oway, also shared news of the company\u2019s seed round\u00a0in a Friday\u00a0post<\/a>\u00a0on X.<\/p>\n

\u201cOway\u2019s rideshare freight platform uses AI to automatically coordinate and sell unused space in trucks to businesses at a 50% discount, for lightning-fast shipping,\u201d it said in the post.<\/p>\n

PYMNTS reported<\/a> in November that\u00a0freight\u00a0and fleet management firms are among those most urgently in need of digital alternatives to paper-based processes.<\/p>\n

A growing number of online platforms focused on the movement of goods are bringing supply and demand together.<\/p>\n

In another recent development in this space, AI\u00a0logistics<\/a>\u00a0software startup\u00a0Pallet<\/a> raised $27 million in a Series B funding round.<\/p>\n

General Catalyst<\/a>, which led the round, said at the time that while logistics is an $11 trillion global industry, it runs on legacy software and manual processes. The company added that \u201cthe urgency to modernize logistics infrastructure has never been greater.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Oway raised $4 million in a seed round to support its \u201crideshare freight platform\u201d that provides an artificial…\n","protected":false},"author":2,"featured_media":17639,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[261],"tags":[291,289,290,11169,18,15739,1510,19,8435,17,5,15740,1351,82,2350],"class_list":{"0":"post-17638","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-artificial-intelligence","8":"tag-ai","9":"tag-artificial-intelligence","10":"tag-artificialintelligence","11":"tag-delivery","12":"tag-eire","13":"tag-freight","14":"tag-funding","15":"tag-ie","16":"tag-investments","17":"tag-ireland","18":"tag-news","19":"tag-oway","20":"tag-pymnts-news","21":"tag-technology","22":"tag-whats-hot"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/17638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=17638"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/17638\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/17639"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=17638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=17638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=17638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}