Parade - About the company
Parade is an acquired company based in Los Angeles (United States), founded in 2015 by Tony Wu, Anthony Sutardja and Preet Sivia. It operates as an AI & web-based fleet optimization solution for transportation companies. Parade has raised $29.7M in funding from Menlo Ventures and I Squared. The company has 1128 active competitors, including 69 funded and 65 that have exited. Its top competitors include companies like Wright Express, Element and Netradyne.
Company Details
AI & web-based fleet optimization solution for transportation companies. It is a big data and AI-based fleet optimization solution for transportation companies to streamline their operations. The platform uses real-time and historical data to optimize communication, decision-making, and freight bookings. The platform can be integrated with existing TMS. Drivers can share their location, report delays, and upload documents in real-time through the platform.
- Website
- www.parade.ai/
- Social
- Email ID
- *****@parade.ai
- Phone Number
- +1 **********
Key Metrics
Founded Year
2015
Location
Los Angeles, United States
Stage
Acquired
Total Funding
$29.7M in 2 rounds
Latest Funding Round
Investors
Ranked
9th among 1128 active competitors
Employee Count
26 as on Jun 30, 2026
Exit Details
Acquired by Mudflap (Mar 12, 2026)
Parade's acquisition details
Parade got acquired by Mudflap on Mar 12, 2026.
Click here to take a look at Parade's acquisition in detail
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Parade's funding and investors
Parade has raised a total funding of $29.7M over 2 rounds. Its first funding round was on Feb 09, 2022. Its latest funding round was a Series B round on Sep 14, 2023 for $*****. 14 investors participated in its latest round. Parade has 16 institutional investors and 1 angel investor.
Here is the list of recent funding rounds of Parade:
Date of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Sep 14, 2023 | 7334583 | Series B | 7382805 | 7303028 | 1688303 | 6656010 |
Feb 09, 2022 | 7684201 | Series A | 3773514 | 2953496 |
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Parade's founders and board of directors
Founder? Claim ProfileThe founders of Parade are Tony Wu, Anthony Sutardja and Preet Sivia. Anthony Sutardja is the CEO of Parade.
Here are the details of Parade's key team members:
- Tony Wu: Co-Founder & CTO of Parade. Contact Info: 1 email address
- Anthony Sutardja: Co-Founder & CEO of Parade. Contact Info: 1 email address
- Preet Sivia: Co-Founder & President of Parade. Contact Info: 1 email address
View details of Parade's Founder profiles and Board Members
Parade's employee count trend
Parade has 26 employees as of Jun 26. Here is Parade's employee count trend over the years:
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Parade's Competitors and alternates
Top competitors of Parade include Wright Express, Element and Netradyne. Here is the list of Top 10 competitors of Parade, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Wright Express 1983, Portland (United States), Public | Provider of fleet management, employee benefits, and business payment solutions | - | 72/100 | |
2nd |  Element 1946, Baltimore (United States), Public | Fleet management and maintenance services | $125M | 69/100 | |
3rd |  Netradyne 2015, San Diego (United States), Series D | AI-powered fleet safety camera system | $297M | 67/100 | |
4th | Idelic 2016, Pittsburgh (United States), Acquired | Offers AI & SaaS-based fleet management software | $31.3M | 63/100 | |
5th | Zonar Systems 2001, Seattle (United States), Acquired | Cloud-enabled platform offering end-to-end fleet management solutions | $50M | 62/100 | |
6th | Cloud-driven sensor-based end-to-end fleet management solution for fleet operators | $555K | 62/100 | ||
7th | Fleet management software for logistics and transport industry | - | - | 62/100 | |
8th | AI and SaaS based fleet management system solutions | $28.4M | 62/100 | ||
9th | Parade 2015, Los Angeles (United States), Acquired | AI & web-based fleet optimization solution for transportation companies | $29.7M | 61/100 | |
10th | Sheeva Technologies 2016, United States, Series B | Provider of a platform for in-vehicle payments and related commerce | $30.1M | 60/100 |
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Parade's Investments and acquisitions
Parade has made no investments or acquisitions yet.
Reports related to Parade
Here is the latest report on Parade's sector:
News related to Parade
Filter this listMedia has covered Parade for a total of 2 events in the last 1 year.
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Parade and Tai Software Partner to Bring Gen AI to Tai TMS UsersNewswire•May 15, 2024•Parade, Tai Software
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Parade Partners With Highway to Reduce Fraud and Secure Freight BookingsACCESSWIRE•Nov 28, 2023•Highway, Parade
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Parade Launches Advantage to Transform Capacity-Based Pricing and Shipper ConnectivityACCESSWIRE•Oct 11, 2023•Parade
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Parade's AI-Driven Platform Nabs $17M to Empower Freight Brokers at ScaleNewswire•Sep 14, 2023•Parade, I Squared, Menlo Ventures, GreenHawk and 12 others
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