Turvo, a San Francisco, CA-based IoT real-time collaborative logistics platform, raised $60M in Series B funding.
The round, which brought total investment to nearly $100m, was led by Mubadala Ventures, the venture capital arm of Mubadala Investment Company, with participation from new investors G2VP and Next47 and existing investors Activant Capital, Felicis Ventures, Future Shape (Tony Fadell’s investment and advisory firm), and Upside Partnership.
In conjunction with the funding, Ibrahim Ajami, Head of Mubadala Ventures, will join the board.
Led by Eric Gilmore, CEO and co-founder, Turvo provides a real-time collaborative logistics platform, that creates the “Internet of Shipping”, connecting people, businesses, applications, and devices in one AI-driven solution. The company allows users across the supply chain ecosystem to share, communicate, and collaborate in real-time to make more informed decisions.
Turvo also has offices in Hyderabad, India.