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YC-backed Oway raises $4M to build a decentralized ‘Uber for freight’
The thousands of trucks zipping along U.S. highways are often only about half full -- something Oway wants to change with its 'ride-share for freight' software.
Founder Phillip Nadjafov told TechCrunch investors have bought into Oway’s concept because his company has already developed a way to cut the cost of shipping a pallet across the U.S. by 50%, using a clever mixture of new and somewhat old technologies. There’s artificial intelligence, of course, in the form of machine learning that Oway developed to help find and match cargo with empty trailer space and a convenient destination (or a short detour). He previously worked at The Verge, where he also covered consumer technology, hosted many short- and long-form videos, performed product and editorial photography, and once nearly passed out in a Red Bull Air Race plane.
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