Boon Lands $20.5 Million Series A

<div class&equals;"row">&NewLine;<div class&equals;"col-sm-10 col-sm-offset-1">&NewLine;<p><a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4328675-1&amp&semi;h&equals;1687728456&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;getboon&period;ai&percnt;2F&amp&semi;a&equals;boon&plus;AI&plus;&lpar;boon&rpar;" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener"><strong>SAN FRANCISCO<&sol;strong> &&num;8212&semi; Boon AI &lpar;boon&rpar;<&sol;a>&comma; an AI-powered workflow platform for commercial fleets&comma; is launching to transform supply chain and logistics by delivering a single system to automate repetitive manual tasks&period; boon already works with dozens of companies&comma; deploying its AI agent to take on tasks for customers after mimicking manual workflows for just a few days&period; The company has raised a &dollar;20&period;5 million Series A round&comma; led by <a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4328675-1&amp&semi;h&equals;878288274&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fmarathonmp&period;com&percnt;2F&amp&semi;a&equals;Marathon" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Marathon<&sol;a> and <a href&equals;"https&colon;&sol;&sol;c212&period;net&sol;c&sol;link&sol;&quest;t&equals;0&amp&semi;l&equals;en&amp&semi;o&equals;4328675-1&amp&semi;h&equals;3642898414&amp&semi;u&equals;https&percnt;3A&percnt;2F&percnt;2Fwww&period;redpoint&period;com&percnt;2F&amp&semi;a&equals;Redpoint&plus;Ventures" target&equals;"&lowbar;blank" rel&equals;"nofollow noopener">Redpoint Ventures<&sol;a>&comma; to accelerate the benefits it brings to customers&comma; ranging from food delivery to powering the teams that ensure holiday gifts arrive on time&period;<&sol;p>&NewLine;<&sol;div>&NewLine;<&sol;div>&NewLine;<div class&equals;"row">&NewLine;<div class&equals;"col-sm-10 col-sm-offset-1">&NewLine;<p>&&num;8220&semi;These fleets are the connective tissue in our country&comma; responsible for getting us every physical good and service we consume or use at home and work&period; The jobs are already incredibly hard&comma; and overworked teams have to also manage an average of 15-20 tech tools in their daily jobs&comma; for everything from order entry to optimizing fuel costs&period; With today&&num;8217&semi;s advances in AI&comma; we can offload that work to an agent powered by AI&comma; saving significant time and money&comma;&&num;8221&semi; said Deepti Yenireddy&comma; founder and CEO of boon&period; Given the crucial nature of logistics&comma; we are driven to lessen the workload of those who keep our country moving and to ensure that this industry can survive and thrive for generations to come&period;<&sol;p>&NewLine;<&sol;div>&NewLine;<&sol;div>&NewLine;<div class&equals;"row">&NewLine;<div class&equals;"col-sm-10 col-sm-offset-1">&NewLine;<p>Developed by seasoned engineers and industry insiders from Apple&comma; DoorDash&comma; Google&comma; Samsara&comma; and Shell&comma; the team brings deep customer insight and expertise&period; boon&&num;8217&semi;s AI agent is already helping customers and generating repeatable revenue&period; New funding will enable boon to grow its engineering and go-to-market &lpar;GTM&rpar; teams over the next 18 months&period; The company is seeking developers who are passionate about solving hard problems&comma; including building complex agentic workflows in the physical world&semi; helping customers retain an aging workforce&semi; and applying solutions across verticals from transportation and warehousing to field services&comma; food and beverage&comma; construction&comma; and beyond&period;<&sol;p>&NewLine;<p>&&num;8220&semi;What&&num;8217&semi;s required to deliver a strawberry is very different from what&&num;8217&semi;s required to move people&comma; and solving that kind of difficult problem is what gets the best engineers excited&comma;&&num;8221&semi; said <span class&equals;"xn-person">Gokul Rajaram<&sol;span>&comma; Partner at Marathon&period; &&num;8220&semi;The boon team is driven entirely by the heroes they serve&colon; the customers on the roads&comma; in the warehouses&comma; bringing the food we eat from the farms and factories to our tables&period; It&&num;8217&semi;s incredibly important work&comma; and boon&&num;8217&semi;s smart solution will make a tangible difference in each person&&num;8217&semi;s daily life &&num;8211&semi; and on customers&&num;8217&semi; bottom lines&period; We are honored to support them on their mission to transform supply chain and logistics&period;&&num;8221&semi;<&sol;p>&NewLine;<p><strong>How it Works<&sol;strong><br class&equals;"dnr" &sol;>boon&&num;8217&semi;s technology currently serves <span class&equals;"xn-money">33K<&sol;span> drivers across <span class&equals;"xn-money">6&period;8K<&sol;span> vehicles&comma; delivering <span class&equals;"xn-money">170K<&sol;span> loads&period; The solution has been developed with a deep understanding of industry pain points and applies the latest foundational models to transform operational workflows in the following ways&colon;<&sol;p>&NewLine;<p><strong>Fast Training<&sol;strong>&colon; Within days of training alongside a human&comma; it can perform tasks by mimicking those workflows<br class&equals;"dnr" &sol;>Cost-Savings&colon; Fleets save an average of <span class&equals;"xn-money">&dollar;7<&sol;span>-10 per truck per day<&sol;p>&NewLine;<ul >&NewLine;<li>Double D Distribution saves up to <span class&equals;"xn-money">&dollar;7&period;40<&sol;span> per truck per day with fuel recommendations from an agent who browses daily prices&comma; discounts&comma; and driver routes to suggest the most optimal stations in various states within a few miles of their daily route<&sol;li>&NewLine;<&sol;ul>&NewLine;<p><strong>Accelerate Collections and Improve Cash Healt<&sol;strong>h&colon; Real time location-based nudges remind drivers to submit Bill of Lading and Proof of Delivery &lpar;BOL&sol;PODs&rpar; to expedite billing<&sol;p>&NewLine;<ul >&NewLine;<li>JIT Transport reduced billing time from 14 days to 2 days with automated documents<&sol;li>&NewLine;<li>boon&&num;8217&semi;s agents directly collect and push documents to shipper portals&comma; saving Bluegrass Supply Chain 15 hours per week by making billing faster and more efficient<&sol;li>&NewLine;<&sol;ul>&NewLine;<p><strong>Efficiency gain<&sol;strong>s&colon; Automated compliance features like Hours of Service &lpar;HoS&rpar; submissions save hours every week<&sol;p>&NewLine;<ul >&NewLine;<li>Double Diamond Transport saves 90&plus; minutes daily on Hours of Service &lpar;HoS&rpar; compliance tasks<&sol;li>&NewLine;<&sol;ul>&NewLine;<p>&&num;8220&semi;boon harnesses the latest AI innovation to create a single&comma; simple platform for its customers in the commercial fleet industry&period; The opportunity is enormous as supply chain and logistics is one of the largest industries globally&comma; and the potential impact is even bigger&comma;&&num;8221&semi; said Urvashi Barooah&comma; Partner at Redpoint Ventures&period; &&num;8220&semi;First-generation point solution software tools have added a heavy administrative load to these customers and through cutting-edge technology and a deep understanding of the space&comma; Deepti and team are making it easy to offload that work to their agent&period; We are incredibly proud to be part of a company adding critical dollars back to companies&&num;8217&semi; pockets and efficiency back to their employees&period;&&num;8221&semi;<&sol;p>&NewLine;<&sol;div>&NewLine;<&sol;div>&NewLine;

Editor

Intuit Signs $100 Million Deal With OpenAI

MOUNTAIN VIEW - Intuit Inc., operator of the financial technology platform that makes Intuit TurboTax, Credit Karma, QuickBooks,…

4 days

Heavily Armed Drug Dealer Arrested Next to Sunnyvale School

The Santa Clara County District Attorney’s Office has charged a Sunnyvale apartment manager with possessing…

4 days

Wispr Scores $25 Million Series A Extension

SAN FRANCISCO -- Wispr, the voice-to-text AI that turns speech into clear, polished writing in every…

5 days

Numeric Dials Up $51 Million Series B

SAN FRANCISCO -- Numeric, an AI accounting automation platform, has raised a $51 million Series…

5 days

Apple Names 45 Finalists for App Store of the Year Awards

Apple has announced 45 finalists for this year’s App Store Awards, recognizing the best apps…

6 days

UC Reaches Agreement With Nurses, Strike Canceled

The University of California (UC) and the California Nurses Association (CNA) have reached a tentative…

1 week