Overhaul, an Austin TX-based company provider of software-based, supply-chain visibility, integrity, and security solution, raised $35M in Series B funding.
The round, which brought total funding to $55m, was led by Macquarie Capital, with participation from Edison Partners and Avanta Ventures (venture arm of CSAA Insurance Group). In conjunction with the funding, Jared Doskow, Managing Director at Macquarie Capital Principal Finance, joined Overhaul’s board as part of the investment.
The company will use the funds to accelerate its roadmap in continuing to optimize its current products.
Founded in 2016 and Barry Conlon, CEO, Overhaul is a provider of a solution that optimizes supply-chain visibility, integrity, and security for global enterprises in various industries, including pharmaceutical and healthcare, technology, logistics, and food and beverage. Most recently, the company announced its newest offering, “TruckShield™”, a risk-management technology solution for North American motor carriers that uses existing fleet hardware to identify dangerous or illegal driving practices in real time, while implementing corrective actions to avoid costly situations.
In the coming months, Overhaul will be growing its global team with numerous key hires in their software-development, product, sales, marketing, and talent-development teams, across the United States, Mexico, and Ireland, while continuing to innovate across its two core products: Overhaul Sentinel™ and TruckShield.
Customers include Microsoft, Bristol Myers Squib, Gordon Food Service, and many others.