KeepTruckin, a San Francisco, CA-based fleet management technology company, raised $190m in funding.
Backers included G2 Venture Partners, Index Ventures, Greenoaks, IVP, Scale Venture Partners, funds managed by BlackRock, and several other investors.
The company, which is now valued at over $2 billion – intends to use the funds to continue building its AI-powered products and scale operations.
Founded in 2013 and led by Shoaib Makani, CEO, KeepTruckin is a fleet management technology company providing hardware and cloud-based software for companies to improve the safety and efficiency of their operations. With one platform spanning video-based driver safety, Electronic Logging Device (ELD) compliance, GPS tracking, dispatch, and fuel and maintenance, the company provides an integrated fleet management system that scales to meet the needs of over one million drivers and 90,000 customers, from small trucking companies to Fortune 500 enterprises. KeepTruckin has over 2,000 employees.