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Boon raises $20.5M to build agentic AI tools for fleets
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
Meanwhile the tools they use are equally scattered: accounting, routing, sales, HR — on average between 15 and 20 different apps and pieces of software are used to run a logistics or fleet company, all existing in silos surrounded by reams of physical paperwork. 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. Boon has paying customers that represent 35,000 drivers and 10,000 vehicles on its platform, working out to the company reaching an annual revenue run rate of $1 million after nine months of business.
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