Layoff
Jun 2023CloudTrucks announced layoffs citing a difficult freight market; FreightWaves reported a source estimate that approximately 40% of staff were affected, while the company did not disclose the exact number.
SourceCompany research
Public company, workplace, funding, and market signals
Updated Aug 2, 2026
Overview
CloudTrucks is a privately held San Francisco transportation-technology company founded in 2019. It operates as a virtual trucking carrier and builds software and financial/operational services that help independent owner-operators and small fleets run more profitable businesses, while also serving shippers and brokers.
Primary product
An all-in-one trucking business platform centered on Virtual Carrier: eligible owner-operators lease onto CloudTrucks’ authority and receive load access, dispatch and business-management tools, operational support, insurance options, instant payments, fuel/credit products, and related services. Other offerings include Flex (TMS), CT Exchange (brokerage/load network), CT Credit, CT Fuel, and Road to Independence.
Founded
2019
Headquarters
San Francisco, California, United States; 81 Langton Street, San Francisco, CA 94103
Team size
80–90 (third-party estimates; LinkedIn-derived estimate reported approximately 85)
Work style
Hybrid
Industry
Transportation, Logistics, Supply Chain and Storage
Sub-industry
Freight technology / virtual trucking carrier / trucking fintech and logistics software
Offices
81 Langton Street, San Francisco, CA 94103
Business model
Virtual-carrier lease-on model for owner-operators
B2B trucking-management software/TMS (Flex)
Brokerage and shipper services through CT Exchange
Financial services and payments for trucking businesses
Fuel-card and credit products
Partner-led truck ownership/lease-to-own programs
Funding
Stage
Late-stage venture-backed private company; last publicly reported round was Series B (2021)
Total raised
$141.6M
Latest round
Series B · Nov 2021
Latest amount
$115M
Nov 2021 · Tiger Global Management; Menlo Ventures
Dec 2020 · Caffeinated Capital
Jan 2020 · Craft Ventures
People & investors
Leadership
Co-founder and Chief Executive Officer
Co-founder and Chief Technology Officer
Co-founder
Chief Revenue Officer
Head of Revenue Operations and Strategy
Head of Design
Work & culture
The company emphasizes putting drivers first, bias toward action, innovation, curiosity, teamwork, autonomy, ownership, fast execution, resilience, and measurable customer impact. Engineering materials describe a hybrid model with four San Francisco office days and Friday remote for the cited role.
Work style
Hybrid
Compensation
Public job postings show a software-engineering compensation signal of approximately $155,000–$225,000 for a San Francisco hybrid role, plus equity and benefits. Role-specific ranges should not be generalized to the whole company.
Benefits
Flexible vacation and sick leave
Traditional and Roth 401(k) plans
Health, dental, and vision insurance
Employer-paid premiums for employees and 60% premium coverage for dependents
$50 monthly wellness contribution
Competitive equity package
Product & market
Pricing
Public materials describe a lease-on fee for Virtual Carrier, with insurance included; other products appear to use product- or service-specific pricing. A complete public price card was not established.
Differentiators
- —Virtual carrier plus software rather than a conventional owned fleet
- —Integrated load access, operations, payments, insurance, fuel, credit, and business-management tools
- —Driver-first focus on owner-operators and small carriers
- —CT Exchange brokerage network intended to improve load consistency
- —Market Insights Heatmap and data-driven dispatch/load optimization
- —Road to Independence partnerships designed to help drivers become truck owners
Technology
Python
Django
PostgreSQL
JavaScript
TypeScript
React
Google Cloud
Terraform
Docker
GitHub
CircleCI
Prometheus
Grafana
dbt
Looker
Segment
Fivetran
Salesforce
QuickBooks
Customers
Independent owner-operators
Small trucking carriers and fleets
Shippers
Freight brokers
CloudTrucks carrier users and drivers
Competitors
Cargomatic
Fluid Truck
Idelic
Scale & contact
Estimated revenue
$1M–$10M (third-party estimate; another directory reports approximately $2.5M, so this is not company-reported revenue)
Signals & risks
Other
Dec 2023The company exited its independent factoring business and transitioned customers to RTS Financial to concentrate on Virtual Carrier and Flex. The CEO said no additional funding was then being sought and described the company as well capitalized.
SourceAcquisition
Feb 2024CloudTrucks acquired Shipwell’s brokerage business/unit and launched CT Exchange around the acquired brokerage network.
SourceLatest news
Business Wire · Sep 2025
CloudTrucks added FleetFirst Leasing to its Road to Independence ecosystem, creating a lease-to-own path for company drivers seeking truck ownership.
CloudTrucks blog · Mar 2025
CloudTrucks promoted its broker-facing offering, emphasizing instant load matching, tracking and visibility, TMS integration, and access to a network of 600+ vetted owner-operators.
FreightWaves · Feb 2024
The Shipwell brokerage acquisition supported CT Exchange and was intended to provide drivers with more consistent loads; the article also described Virtual Carrier, Flex, and CT Credit.
CloudTrucks · Feb 2024
CloudTrucks formally announced CT Exchange, integrating the acquired brokerage operation with its Virtual Carrier service for drivers and shippers.
FreightWaves · Dec 2023
CloudTrucks said it was exiting independent factoring and transferring customers to RTS Financial while focusing on Virtual Carrier and Flex.
Jobs and careers at CloudTrucks
3 jobs at CloudTrucks
Head of Sales, Brokerage (CTX)
Remote
Sales
Remote
1mo ago
Remote
Full-time
Shipping Operations & Fulfillment Coordinator
On-site
General
Dallas, TX
7mo ago
On-site
Full-time
Freight Agent (Contractor)
Remote
Sales
Remote
9mo ago
Remote
Contract