Maven Machines, a Pittsburgh, PA-based provider of fleet management software for commercial transportation that combines telematics with workflow, dispatch and route optimization capabilities, raised $7m in Series A funding.
The round was led by Allos Ventures, with participation from Hearst Ventures, Riverfront Ventures, Great Oaks Venture Capital and existing private investors. In conjunction with the funding, John McIlwraith, managing director at Allos Ventures, and David Famolari, managing director of Hearst Ventures, will join Maven Machines’ board of directors.
The financing will be used to increase Maven’s workforce across all departments including engineering, operations, sales and marketing and accelerate development of its proprietary technology platform.
Led by Avi Geller, CEO, Maven Machines provides a cloud-based IoT platform for transportation fleets of all sizes to reduce risk and optimize day-to-day operations. This includes route planning, dispatching, telematics, ELD compliance, driver safety, supply chain visibility and cost optimization. Users include Ward Trucking, Daylight Transport and CRST.
FinSMEs
05/02/2020