KeepTruckin Inc. has successfully secured $190 million in a new round of funding, valuing the San company at roughly @2.3 billion. KeepTruckin is a San Francisco-based company involved in the provision of artificial intelligence-powered fleet management solutions.
The funding round was led by G2 Venture Partners along with participation from Index Ventures, BlackRock Inc., GV (Alphabet Inc.) , Greenoaks Capital, IVP, and Scale Venture Partners.
The funding will help company double its research and development team to roughly 700+. Chief executive officer Shoaib Makani said in an interview:
We’re excited about the road ahead, and this funding round gives us years of runway. We believe every single commercial fleet should deploy AI to reduce the risk, frequency and cost of accidents.
KeepTruckin’s Annual revenue exceeded $150 million, while it is growing at a rate of 70%, as per the CEO. The company was last valued at $1.4 billion in a funding round in 2019.
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