Loop
AI-powered cost savings for modern logistics
HQUS
Team Size286
Open Jobs9
Total Funding$65M
Latest FundraiseUnknown
AI-powered cost savings for modern logistics
What they do: Logistics payments platform that digitizes freight invoicing and payment workflows using NLP and computer vision
Customers: Shippers, brokers, and 3PLs (enterprise supply-chain companies)
Funding: $35M Series B announced Oct 3, 2023; total reported funding ~$65M
Headcount (reported): 286 employees
Freight payments, invoice audit and reconciliation for logistics and supply-chain operations
Logistics / Payments / Supply Chain
$60,000,000
$40M Series A plus $20M financing line
$35,000,000
“Backed by institutional and notable investors including Index Ventures, J.P. Morgan Growth Equity Partners, Founders Fund, Expa (Garrett Camp), and other strategic/backer investors”
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About Loop Loop is on a mission to streamline the movement of money between shippers, carriers, and brokers to unlock margin and increase liquidity in the supply chain.
Today, logistics payments are a big black box that unnecessarily drains thousands, if not millions, of dollars. Legacy services do not meet the market's needs. Transportation teams need a solution that unlocks insights from their complex datasets, rather than drowning them in manual workflows.
Loop harnesses AI expertise with deep logistics industry knowledge to deliver automated audits, streamlined resolutions, expedited payments, and most importantly actionable insights. All so that shippers and 3PLs can improve spend visibility, eliminate unnecessary costs, and optimize their transportation spend. Loop’s customers see a 4% reduction in costs and an 80% boost in back-office productivity.
Loop is a customer-obsessed company that sees the complexity in the supply chain as an opportunity rather than a challenge. Our foundational AI capitalizes on the messiness in the system to maximize outcomes for our customers.
Investors include Founders Fund, 8VC, Susa Ventures, Flexport, and 50 industry-leading angel investors. Our team brings subject matter expertise and experience from companies like Uber, Google, Flexport, Meta, Samsara, Intuit, and Rakuten – as well as traditional logistics companies like CH Robinson.
About You As a full-stack engineer, you will work closely with founders and customers to understand and solve their logistics billing and payment pain points. You will help define the product and ship features that directly impact our customers. You will face and solve many complex technical challenges while you receive guidance and feedback from the team. You will shape the Loop DNA and define how we grow as a company.
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Why you should join Loop? https://whyyoushouldjoin.substack.com/p/loop