startup

Zendrive, a company that uses mobile sensors to glean insights about driver behavior, has raised $37 million in Series B funding. XL Innovate led the round, announced on August 20, with participation by Hearst Ventures and existing investors, including ACME Capital, BMW iVentures, NYCA, SignalFire...

Nigerian digital freight marketplace startup Kobo360 raised $20 million in a Series A funding round led by Goldman Sachs (NYSE: GS) while pocketing another $10 million in working capital financing from Nigerian commercial banks. Kobo360 is one of the most recognized FreightTech players in Africa,...

The freight industry is comprised of many small- and mid-tier freight forwarders that are perennially trying to increase efficiency within their operations and eventually grow to compete against far larger freight forwarding competitors.  To address inefficiencies within the system, it is critical...

Fetch Robotics, a Silicon Valley startup that's bringing robots and a supporting cloud-based software system to industrial environments, today announced a $46 million Series C round of funding. The round was led by Fort Ross Ventures, with additional participation from CEAS Investments, Redwood...

sennder, a Berlin-based logistics startup, has raised €62.4 million ($70 million) in its Series C round led by Lakestar, with existing investors like venture capital firms Accel, Holtzbrinck Ventures, Project A and Swedish automaker Scania being a part of this raise. Founded in 2015 as a digital...

Rivigo, a freight and logistics startup in India, has raised $65 million in a Series E round led by existing investors Warburg Pincus and SAIF Partners. The startup plans to use the new capital to further expand its network and tech infrastructure. Founded in 2014 by Gazal Kalra and Deepak Garg,...

On the heels of its $3.5 million funding round, geolocation startup Hoopo has announced a new partnership with Polymer Logistics, a provider of "retail returnable" packaging products such as pallets and containers. The purpose of the partnership is to increase product freshness, reduce food waste...

Booster, the same-day fuel delivery service, has announced it raised $56 million Series C funding led by Invus Opportunities, with participation from existing partners Madrona Venture Group, Vulcan Capital, Maveron, Conversion Capital and Perot Jain LP. The four-year old Silicon Valley startup is...

Hours before self-driving start-up Drive.ai was scheduled to close its doors and lay off all of its staff, Apple Inc (NASDAQ: AAPL) swooped in to buy the company. Drive.ai, an autonomous driving shuttle service once valued at $200 million, is believed to have been purchased by Apple for less than...

Dallas-based KoiReader Technologies Inc. has raised $60,000 in seed funding, Dallas Innovates reports. The money will be used to build the company's artificial intelligence-driven automation and video feed data capture suite for the transportation and logistics sector. KoiReader showcased its...

Gatik, a Palo Alto-based startup deploying autonomous vehicles for business to business short-haul logistics, announced its launch today with Walmart Inc (NYSE: WMT) as a partner. "We are a strong believer in autonomous vehicle technology, and we look forward to learning more about how Gatik's...

Hoopo, an Internet of Things geolocation startup, today announced a $3.5 million funding round from Chartered HighTech JIHTV1 fund, TAU Ventures and Global IoT Technology Ventures. The round brings the total amount the three-year-old company has raised to $5 million. It will use the money to...

Healthcare drone delivery startup Zipline has raised $190 million in a new round of funding, taking its valuation to over $1 billion. The new funding will be used to further expand its reach across Africa, South Asia, Southeast Asia and the Americas. Zipline operates autonomous drones across remote...

Within the freight industry at-large, there has been a noticeable push by stakeholders towards solutions that provide them visibility into shipping operations. Though the technology in itself is not of any specific concern, developing a track-and-trace solution involves explicit collaboration...

Drivent, an autonomous driving technology startup, announced on May 8 that it has been certified to test self-driving vehicles in the state of Washington, along with market frontrunners like Waymo, NVIDIA Corporation (NASDAQ: NVDA) and Torc Robotics. With that, Drivent leaves the stealth mode it...