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
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Sectors
Transportation, Automotive & Logistics
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Phone
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Website
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Social
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- Legal Name Wise Systems, Inc.
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Annual Revenue
Not available
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Net Profit
Not available
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EBITDA
Not available
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Total Equity Funding
$73.14 M (USD)
in 6 rounds
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Latest Funding Round
$50 M (USD), Series C
Oct 06, 2021
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Investors
Magna International
& 18 more
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Employee Count
39
as on Dec 31, 2023
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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.
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.
People of Wise Systems
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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.
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.
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Venture capital funding is offered by Valo Ventures.
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Venture capital arm of Alphabet Inc. investing in AI
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Venture and private equity investments are managed with global diversification.
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Investor details for Wise Systems
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Investments & Acquisitions by Wise Systems
Investment portfolio details for Wise Systems
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Financial Statements - Wise Systems
Detailed financials for Wise Systems
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Wise Systems Comparisons
Peer comparison for Wise Systems
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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.
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Location-based services and mapping solutions are provided globally.
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Vehicle data is monitored through plugin devices for usage-based insurance.
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Fleet operations are managed through software solutions provided by Routeware.
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Modeling and simulation software for transportation scenarios is provided.
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Cloud-based route planning and optimization solutions are provided for logistics.
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Detailed competitors of Wise Systems
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Latest news on Wise Systems
Complete news archive for Wise Systems
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Frequently Asked Questions about Wise Systems
Wise Systems was founded in 2014 and raised its 1st funding round 1 year after it was founded.
Wise Systems is headquartered in Cambridge, United States. It is registered at Cambridge, Massachusetts, United States.
Chazz Sims is the current CEO of Wise Systems. They have also founded this company.
Wise Systems is a funded company, having raised a total of $73.14M across 6 funding rounds to date.
As of Dec 31, 2023, the latest employee count at Wise Systems is 39.
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.
Wise Systems's top competitors include HERE, Zubie and RouteMatch.
Wise Systems offers Strategic Planner, Route Planner, Dispatcher, Driver App, and Customer Portal.
Wise Systems has 19 investors. Key investors include Magna International, Verizon, McDonald's, Ford, and Munich Re.