Boon raises $20.5M to build agentic AI tools for fleets

Quick Summary:

Logistics is the name of the game during the holiday season: Companies that can seal the deal and get people and things to the places they need to be, on time, rake it in this time of year.  But behind that demand lies a huge amount of inefficiency and fragmentation.

She also has a track record as a founder, having previously built an AI company in the HR sector that she sold to Phenom People, an AI recruitment platform.

As Urvashi Barooah, the partner who led the investment for Redpoint Ventures, described it, “first-generation point solution software tools have added a heavy administrative load” to fleet management companies.

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Article Details

Author / Journalist: Ingrid Lunden

Category: Technology

Markets: United States

Topics: Agentic ai Boon ai Fleets AI Fundraising Enterprise Logistics

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-19 @ 22:00:04 (16 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 755 words

Reading Time: 5 minutes read

Sentences: 26 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 24559108

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