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Today: September 20, 2024
September 11, 2024
1 min read

AI Fleet Secures $17M in Latest Funding Round

TLDR:

  • Aifleet, a tech-driven trucking company based in Austin, TX, raised $17M in Series B funding.
  • The funding round was led by Tom Williams at Heron Rock, with participation from other investors.

Aifleet, led by CEO Marc El Khoury, utilizes a proprietary AI algorithm and technology suite to increase driver satisfaction, boost truck utilization, and improve industry sustainability. The company plans to use the funding to expand its technology research and development, grow its operations team, scale its fleet, enhance its sales organization, and develop scalable infrastructure and processes. Aifleet’s AI manages a significant amount of data per week, signaling the potential for growth and innovation in the trucking industry.

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