The news recently revealed that investments in fleet management technologies such as Index Ventures, Greenoaks, IVP, Scale Venture Partners, and BlackRock funds had reached up to $190 million.
This altogether is almost $2 billion worth of KeepTruckin. In addition, this additional funding allows the firm to more strategically deploy its AI-powered products and hence quickly upgrade to satisfy user needs.
This firm allows clients to address a wide range of issues for businesses like compliance with the ELD, car maintenance, GPS monitoring, and more, with the best hardware and software driven by AI and Computer Vision.
The firm has expanded into new areas of the industry, such as oil and gas, food and drink, transport and storage, agricultural activities, and much more, due to the epidemic. “About 90 000 firms and 1 million drivers today are dependent upon our technology for improving the safety and effectiveness of their businesses,” says Shoaib Makani, CEO of Makani. Over the last year, our fleets have increased by 21 percent and our Series E financing enables us to grow with them through our investments in personnel and technology to better serve the physical economy.”
In relation to the new collaboration with KeepTruckin, Zach Barasz stated the following at G2 Venture Partners. ‘In particular, the management staff works to enhance the safety and sustainability of commercial trucks through innovative technologies, apart from numerous reasons for our excitement as a partner for KeepTruckin.
“We know how long AI cameras will be disseminated in all commercial trucks and KeepTruckin has a high-quality industry employee. KeepTruckin can’t wait to watch the firm break code for a new item with endless possibilities.”
All in all, the worldwide need for freight services has risen and with the latest technology advances, KeepTruckin meets the demand growth.