Flock Freight receives a truckload of cash in a successful $50 million Series B round.

7CTOs member Lu Saenz (CTO at Flock Freight) is driving freight logistics into the 21st century with algorithms that create “carpools” for shipping companies. This helps them fill all their available truckspace efficiently and minimizes late deliveries.

Like with any industry where algorithmic-efficiency is poised to have major impact, investors have noticed. Flock Freight just closed a successful $50 million Series B funding round, led by SignalFire and GLP Capital Partners.

When Lu posted the news to LinkedIn, his caption simply read: “We’re hiring software engineers!”

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