KeepTruckin Inc. has successfully secured $190 million in a new round of funding, valuing the San company at roughly @2.3 billion. KeepTruckin is a San Francisco-based company involved in the provision of artificial intelligence-powered fleet management solutions.
The funding round was led by G2 Venture Partners along with participation from Index Ventures, BlackRock Inc., GV (Alphabet Inc.) , Greenoaks Capital, IVP, and Scale Venture Partners.
The funding will help company double its research and development team to roughly 700+. Chief executive officer Shoaib Makani said in an interview:
KeepTruckin’s Annual revenue exceeded $150 million, while it is growing at a rate of 70%, as per the CEO. The company was last valued at $1.4 billion in a funding round in 2019.
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