After constructing and selling the E -Commerce Shipping Startup Deliver in 1 2.1 billion, the co -founder and CEO Harish Abbott knows the logistics industry well.
Abbott felt that many manual tasks in logistics could be automated using AI. For this reason, last year, he started the Ogness, which introduces an AI assistant called ‘Aigi’, which can take the painful and frequent work done by freight ships, carriers and brokers.
On Thursday, Ongement announced that it collected a $ 85 million series under the Red Point, which includes 8VC, autotech ventures and others. The heavy million has surfaced on a massive round just five months after starting with stealth with 25 million badge rounds.
“Freight and logistics is a huge industry that hires many people who are busy e -mail, documents, phone calls, text messages all day,” Abbott told Tech Crunch. “Aggie can take care of all those who are like their own personal assistantFor, for, for,. So they can focus on relations and negotiations.
Today, the aggregate logistics process can perform seven key tasks, pricing from truck companies and tracking packages from trucking companies, up to construction of a load – how to maximize the truck space – how to maximize multiple shipments – and to ensure timely billing.
All these processes usually have several phone calls, emails, or text exchange among different participants in the logistics process. Aggio can help humans smooth these communication by working on numerous channels like voice, email, slack, SMS and telegram.
Although increased is not revealing its income, Abbott says the company has doubled the number of consumers who have served its seeds since increasing its seeds.
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Although a lot of Grahs are still testing the product, clients such as the Armstrong Transport Group are already gaining significant productive benefits with promotion, such as a 40 % reduction in the delay in the invoice.
RedPoint Managing Director Jacob Ephrane said he invested in Warehway after talking to several clients of Warehway. “Customer’s opinion is honestly surprising. People really like the product. I think they use it to a great extent.”
The large round of funding will go to work to hire 50 engineers and then add more features. “This is a very large, scattered market. It is complicated, it is dirty, the system is a little archaeological and sluded,” Abbott said. “We have to have many engineers because these companies use many software systems.”
The company is currently serving the trucking industry, but its long -term vision is to expand international shipping and other aspects of logistics.
Abbott is not alone in pursuing AI for logistics. Other AI assistants for freight management include Wuma and Flat Works. Meanwhile, shipping giants FedEx and UPS have indicated that they are investing in proprietary AI technology.
But not all competition is the phase of Abbott. “We have a great adoption,” he said. “Ai really does cool things. Aggie is really thinking forward and arguing like a human being and is practicing it, so it saves everyone a lot of time. “