CloudTrucks is a virtual trucking carrier network helping truck drivers manage their business.
CloudTrucks sells business management software that helps owner-operators manage cash flow and costs, generate revenue, handle insurance, and more.
CloudTrucks was founded in 2019 by Tobenna Arodiogbu and Jin Shieh. The company is headquartered in San Francisco, California.
CloudTrucks' product include, CT Cash, a free instant pay and cash card product designed for truckers and developed in collaboration with Visa. CT Cash helps truck drivers manage their cash flow and payments on big-ticket items and everyday purchases.
CloudTrucks' Flex is designed for small trucking businesses that are already managing their own insurance and compliance, helps with back office support. This product came from an existing product line called Virtual Carrier, which essentially puts drivers under CloudTrucks’ authority.
CloudTrucks also launched Business Intelligence, a dashboard that gives drivers a breakdown of their performance, personal expenses and revenue.
CloudTrucks is backed by Tiger Global, Craft Ventures, Khosla Ventures, Menlo Ventures, Kindred Ventures, Caffeinated Capital, Abstract Ventures, SciFi VC, Flexport, and others. The company raised $115M in Series B round on Nov 30, 2021. This brings CloudTrucks' total funding to $141.6M to date. The latest round valued the company at $850M post-money.