About Last Mile AI
Last Mile AI is a Transportation, Automotive & Logistics company based in Innisfil (Canada) founded in 2020. AI and web-based last-mile delivery solutions are provided for logistics. Last Mile AI has raised $10 million across 1 funding round from investors including Gradient Ventures, AME Cloud Ventures and 10x Founders. Last Mile AI offers products and services including Door-to-Door Delivery, ID Verification, Payment Collection, and Tracking & Monitoring. Its focus areas include Consumer, Logistics Tech, Parcel and Technology Enablers. Its competitors include UniUni, Routeique and ParcelPal; 2 of its 3 listed competitors have raised funding.
Company details
Last Mile AI was founded in 2020 and is based in Innisfil, Canada. AI-enabled solutions for last-mile delivery management are offered to logistics companies through a web-based platform. Operations include a dashboard that supports order monitoring, real-time delivery tracking, and performance reviews. The focus remains on streamlining logistics processes in the delivery sector.
- Headquarters Innisfil, Canada
- SectorsTransportation, Automotive & Logistics
- Website lastmileai.com
- Social LinkedIn X Facebook
- Total Equity Funding$10M (USD)
in 1 rounds
- Latest Funding Round$10M (USD), Seed
Sep 2023
- InvestorsGradient Ventures
& 3 more
Products & Services of Last Mile AI
Last Mile AI offers a comprehensive portfolio of products and services, including Door-to-Door Delivery, ID Verification, Payment Collection, and Tracking & Monitoring.
Enables package delivery within cities using optimal driver matching.
Provides options for verifying customer identity during deliveries.
Facilitates cash and card payments upon delivery securely.
Offers real-time tracking and SLA management for deliveries.
Funding Insights of Last Mile AI
Last Mile AI has successfully raised a total of $10M through 1 strategic funding round. The most recent funding activity was a Seed round of $10 million completed in September 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $10M
- Total Rounds 1
- Last Round Seed — $10M
- First Round $10M
(Sep 2023)
- Investors Count 4
All 1 funding rounds of Last Mile AI with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep 2023 | $10M | Seed | – | Gradient Ventures |
4 investors in total: 4 institutional.
Investors in Last Mile AI
Last Mile AI has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Gradient Ventures, AME Cloud Ventures and 10x Founders.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital arm of Alphabet Inc. investing in AI | gradient.com | Mountain View, United States | ||
AME Cloud Ventures is focused on investing in data-driven technology companies. | amecloudventures.com | Palo Alto, United States | ||
Venture capital firm focused on multiple sectors | 10xfounders.com | Munich, Germany | ||
Capital is provided to ambitious founders in enterprise software. | exceptionalcap.com | San Francisco, United States |
Investor details for Last Mile AI
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Last Mile AI
2 dated milestones of Last Mile AI across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Last Mile AI is founded.
- Funding First funding round of $10.0M.
Competitors of Last Mile AI
Last Mile AI has 3 listed competitors in our database, 2 of them funded. They include UniUni, Routeique and ParcelPal.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| uniuni.com | 2019 | Richmond, Canada | $131.9M | E-commerce parcel delivery management solutions are provided with tracking services. | ||
| routeique.com | 2016 | Calgary, Canada | $100,000 | Cloud-based platform for logistics and delivery management is utilized. | ||
| parcelpal.com | 1997 | Vancouver, Canada | Local businesses are connected with couriers for on-demand deliveries. |
Detailed competitors of Last Mile AI
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- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
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Frequently Asked Questions about Last Mile AI
Last Mile AI was founded in 2020 and raised its 1st funding round 3 years after it was founded.
Last Mile AI is headquartered in Innisfil, Canada. It is registered at Innisfil, Ontario, Canada.
Last Mile AI is a funded company, having raised a total of $10M across 1 funding round to date. The company's 1st funding round was a Seed of $10M, raised on Sep 2023.
Last Mile AI was founded in 2020 and is based in Innisfil, Canada. AI-enabled solutions for last-mile delivery management are offered to logistics companies through a web-based platform. Operations include a dashboard that supports order monitoring, real-time delivery tracking, and performance reviews. The focus remains on streamlining logistics processes in the delivery sector.
Last Mile AI offers Door-to-Door Delivery, ID Verification, Payment Collection, and Tracking & Monitoring.
Last Mile AI has 4 investors. Key investors include Gradient Ventures, AME Cloud Ventures, 10x Founders, and Exceptional Capital.