KeepTruckin, a San Francisco, CA-based fleet management company that connects the world’s trucks, secured $149m in a Series D funding.
The round, which brings total funding to $228m, was led by Greenoaks Capital, with participation from existing investors IVP, GV, Index Ventures and Scale Venture Partners.
The company intends to use the funds to accelerate continued growth through:
– hiring talent,
– investing in hardware,
– building partnerships and
– furthering advancements in machine learning.
Led by Shoaib Makani, CEO and co-founder, KeepTruckin powers a network of connected trucks, allowing more than 250,000 vehicles and over 50,000 for-hire carriers to run efficiently and safely. Its fleet management solutions and its partner network tackle problems such as:
– vehicle and driver compliance,
– freight tracking, and
– keeping trucks full and on the road.
Analytics from this network bridge the gap between freight data and how to use it to make accurate decisions.
KeepTruckin App Marketplace integrations are used by over 130,000 trucks in fleets of all sizes, offering customers 25 integrations across 10 categories including TMS, navigation, fuel management, and maintenance. The company’s hardware solutions now include the KeepTruckin Smart Dashcam and expanded safety features to identify behaviors associated with critical events and educate fleets on ways to prevent them from happening. Further innovations expected over the course of the coming year include new hardware to improve safety, asset management tools to identify inefficiency, and intelligent freight insights to make smart decisions.