About Wise Systems
Wise Systems is a company based in Cambridge (United States) founded in 2014 by Jemel Derbali, Layla Shaikley, and Chazz Sims.. Wise Systems has raised $73.14 million across 6 funding rounds from investors including Magna International, Verizon and McDonald's. The company has 39 employees as of December 31, 2023. Wise Systems offers products and services including Strategic Planner, Route Planner, Dispatcher, Driver App, and Customer Portal. Wise Systems operates in a competitive market with competitors including HERE, Zubie, Routeware, PTV Group and SimpliRoute, among others.
- Headquarter Cambridge, United States
- Employees 39 as on 31 Dec, 2023
- Founders Jemel Derbali, Layla Shaikley, Chazz Sims
-
Sectors
Transportation, Automotive & Logistics
-
Phone
*********
-
Website
*********
-
Social
*********
- Legal Name Wise Systems, Inc.
-
Annual Revenue
-
Net Profit
-
EBITDA
-
Total Equity Funding
$73.14 M (USD)
in 6 rounds
-
Latest Funding Round
$50 M (USD), Series C
Oct 06, 2021
-
Investors
Magna International
& 18 more
-
Employee Count
39
as on Dec 31, 2023
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Products & Services of Wise Systems
Wise Systems offers a comprehensive portfolio of products and services, including Strategic Planner, Route Planner, Dispatcher, Driver App, and Customer Portal. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Web-based tool for modeling optimal delivery routes and frequencies.
Application for calculating optimal routes with dynamic variables.
Tool for monitoring and adjusting delivery routes in real time.
App providing drivers with interactive routes and tools.
Portal for real-time order tracking and notifications.
Unlock access to complete
Unlock access to complete
Funding Insights of Wise Systems
Wise Systems has successfully raised a total of $73.14M across 6 strategic funding rounds. The most recent funding activity was a Series C round of $50 million completed in October 2021. 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 Total Funding
- Total Rounds 6
- Last Round Series C — $50.0M
-
First Round
First Round
(04 Jun 2015)
- Investors Count 19
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2021 | Amount | Series C - Wise Systems | Valuation | Tiger Global Management | |
| Jun, 2020 | Amount | Series B - Wise Systems | Valuation | Valo Ventures | |
| Nov, 2018 | Amount | Series A - Wise Systems | Valuation | Gradient Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Wise Systems
Wise Systems has secured backing from 19 investors, including venture fund and institutional investors. Prominent investors backing the company include Magna International, Verizon and McDonald's. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Venture capital funding is offered by Valo Ventures.
|
Founded Year | Domain | Location | |
|
Venture capital arm of Alphabet Inc. investing in AI
|
Founded Year | Domain | Location | |
|
Venture and private equity investments are managed with global diversification.
|
Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
|
Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
|
Founded Year | Domain | Location | |
|
Startup ecosystems are ignited through strategic investments by Signite Partners.
|
Founded Year | Domain | Location | |
|
Venture capital is directed toward companies in multiple sectors.
|
Founded Year | Domain | Location | |
|
Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Wise Systems
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
|
Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
|
Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Wise Systems
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Wise Systems Comparisons
Competitors of Wise Systems
Wise Systems operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as HERE, Zubie, Routeware, PTV Group and SimpliRoute, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Location-based services and mapping solutions are provided globally.
|
|
| domain | founded_year | HQ Location |
Vehicle data is monitored through plugin devices for usage-based insurance.
|
|
| domain | founded_year | HQ Location |
Fleet operations are managed through software solutions provided by Routeware.
|
|
| domain | founded_year | HQ Location |
Modeling and simulation software for transportation scenarios is provided.
|
|
| domain | founded_year | HQ Location |
Cloud-based route planning and optimization solutions are provided for logistics.
|
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
|
|
| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
|
|
| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
|
|
| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
|
Latest news on Wise Systems
Frequently Asked Questions about Wise Systems
When was Wise Systems founded?
Wise Systems was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Where is Wise Systems located?
Wise Systems is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Who is the current CEO of Wise Systems?
Chazz Sims is the current CEO of Wise Systems. They have also founded this company.
Is Wise Systems a funded company?
Wise Systems is a funded company, having raised a total of $73.14M across 6 funding rounds to date. The company's 1st funding round was a Series A of $7M, raised on Jun 04, 2015.
How many employees does Wise Systems have?
As of Dec 31, 2023, the latest employee count at Wise Systems is 39.
What does Wise Systems do?
Wise Systems offers AI web-based route optimization software. It helps companies effectively manage their fleet. The software helps companies schedule dispatch timings while taking into consideration multiple constraints like customer time windows, traffic, and service time and automatically dispatches these schedules to drivers. Wise employs a machine learning algorithm that recognizes patterns to improve delivery times, uses historic data to predict future demand, real-time traffic, and weather. Also provides delivery analytics.
Who are the top competitors of Wise Systems?
Wise Systems's top competitors include HERE, Zubie and RouteMatch.
What products or services does Wise Systems offer?
Wise Systems offers Strategic Planner, Route Planner, Dispatcher, Driver App, and Customer Portal.
Who are Wise Systems's investors?
Wise Systems has 19 investors. Key investors include Magna International, Verizon, McDonald's, Ford, and Munich Re.
Book a demo & talk to our team
Share a few details and we’ll reach out to schedule a session.