Terminal Industries departs stealth mode with $17M for AI yard operations
Significant attention has been given to advancing warehouse management systems (WMS) in the FreightTech landscape, revolutionizing operations within physical buildings for enhanced transparency and optimization.
However, yard management systems (YMS) have received less investment, and their innovations have been relatively dormant compared to WMS. YMS has traditionally relied on manual processes with limited technological support.
To confront this challenge, Austin, Texas-based Terminal Industries came out of stealth mode on Thursday, along with profound partners, to strategically optimize yard operations globally utilizing its unique artificial intelligence (AI) capabilities.
The company announced it has closed $17 million in seed funding, led by supply chain investor 8VC and global warehouse provider Prologis, with participation from strategic investors including Ryder Ventures, NFI Ventures, Lineage Logistics, Vehicle Velocity Group and the Friedkin Group.