Turbotodd

Ruminations on tech, the digital media, and some golf thrown in for good measure.

Keep on Truckin’

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10-4, good buddy.  You got a bear on your back door and your comic book is full.  I’m 10 and on the side.

That’s about all the CB talk I’m good for, but KeepTruckin is good for plenty more.

The developer of both hardware and software that helps truck drivers manage their vehicles and cargo has raised $149 million in Series D funding, with Greenoaks Capital leading the round and including participation from GV, IVP, Index Ventures, and Scale Venture Partners.

According to a report in TechCrunch, this Series D round values KeepTruckin at $1.25B, and the company was founded in 2013 and has garned some 55K unique customers, and deployed its software in hundreds of thousands of vehicles.

“Our technology really improves the life of the driver,” [CEO Shoaib] Makani told TechCrunch. “These are real people doing work that keeps our economy moving. Trucking is really the foundation of the American economy. More than 70 percent of all freight is moved over the road in a truck. This is how we eat, consume and produce; without it, our economy wouldn’t thrive.”

KeepTruckin’s software is intended to bring the antiquated trucking industry into the digital age. Its platform provides electronic logs and fleet management tools, including GPS tracking and driver performance monitoring for fleet managers and dispatchers to track and communicate with their drivers.

“We are competing against paper and pencil,” Makani explained

East bound and down, loaded up and truckin’…into the 21st century.

Written by turbotodd

April 23, 2019 at 9:58 am

Posted in Uncategorized

Tagged with , ,

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