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Synopsis
Tiger Global led a $115m Series B funding round in CloudTrucks, a developer of a virtual trucking carrier application. Additional investors include Menlo Ventures, Flexport, Michael Ovitz and Eric Wu. The company will use the funds to increase headcount as it expands its business, which operates in the United States. CloudTrucks is hiring in almost all areas, with a focus on engineers and data scientists to help double down on product, as well as customer service professionals to support truckers on the road. The company also wants to broaden its digital integration with brokers and shippers.
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