ClearJet secures $25 million Series B to expand AI cargo platform
Austin-based ClearJet, which matches shippers with unused cargo space on commercial flights using AI, raised $25 million in a Series B round led by Edison Partners.
ClearJet, an Austin‑based logistics technology startup, announced a $25 million Series B financing round led by private‑equity firm Edison Partners. The funding was disclosed exclusively to Crunchbase News.
The company operates a digital marketplace that connects shippers with airlines’ unused cargo capacity on commercial passenger flights. By aggregating spare space, ClearJet aims to improve load factors and reduce shipping costs for businesses that need flexible, point‑to‑point freight solutions.
ClearJet’s platform leverages artificial‑intelligence algorithms to match supply and demand in real time, optimizing routes and pricing based on flight schedules, cargo dimensions and regulatory constraints. The AI engine evaluates multiple carrier options to present shippers with the most efficient and cost‑effective routes.
Unused cargo capacity on passenger aircraft represents a sizable, underutilized asset in the global freight market. Industry analysts note that better utilization of this space can lower emissions per ton‑kilometre and generate incremental revenue for airlines, while offering shippers faster transit times compared with traditional air freight.
Edison Partners, known for backing technology‑focused growth companies, joined existing investors in the round. The firm’s participation signals confidence in ClearJet’s data‑driven approach and its potential to scale within the broader air‑cargo ecosystem.
ClearJet said the capital will be used to expand its technology team, enhance AI capabilities, and broaden its carrier network across additional routes. The company also plans to invest in sales and marketing to attract more shippers and airline partners.
The financing reflects a broader trend of venture capital flowing into AI‑enabled logistics solutions, as investors seek to capture efficiency gains in supply‑chain operations. ClearJet’s raise adds to a growing list of startups that are applying machine learning to improve asset utilization in transportation.
Lucas covers M&A activity and startup funding rounds, tracking deal structures and valuations to explain what a transaction means for the companies and markets involved.
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