No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Tuesday, October 21, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Startups

AI logistics startup Augment, from Deliverr’s founder, raises massive $85M Series A

by TheAdviserMagazine
2 months ago
in Startups
Reading Time: 3 mins read
A A
AI logistics startup Augment, from Deliverr’s founder, raises massive M Series A
Share on FacebookShare on TwitterShare on LInkedIn


Having built and sold e-commerce shipping startup Deliverr to Shopify for $2.1 billion in 2022, co-founder and CEO Harish Abbott knows the logistics industry well.

Abbott felt that many manual tasks in logistics could be automated using AI. That’s why last year he launched Augment which offers an AI assistant called ‘Augie’ that can take over tedious and repetitive work performed by freight shippers, carriers and brokers.

On Thursday, Augment announced that it raised an $85 million Series A led by Redpoint, with participation from 8VC, Autotech Ventures, and others. The massive round comes just five months after the startup launched out of stealth with a hefty $25 million seed round.

“Freight and logistics is a very large industry that employs lots of people who are busy chasing emails, documents, phone calls, text messages all day long,” Abbott told TechCrunch. “Augie can take care of all that like their own personal assistant, so they can focus on relationships and negotiations.”

Today, Augie can perform seven key tasks in the logistics process, from gathering and reviewing pricing bids from trucking companies and tracking packages en route, to building a load—the method of combining multiple shipments to maximize truck space—and collecting invoicing documents to ensure timely billing.

All of these processes typically involve numerous phone calls, emails, or texts exchanged between various participants in the logistics process. Augie can help humans streamline those communications by operating across multiple channels like voice, email, Slack, SMS, and Telegram.

While Augment is not disclosing its revenue, Abbott says the company has more than doubled the number of customers it serves since raising its seed round.

Techcrunch event

San Francisco
|
October 27-29, 2025

Although many customers are still trialling the product, fully onboarded clients like Armstrong Transport Group are already achieving significant productivity gains with Augment, such as a 40% reduction in invoice delays.

Jacob Effron, a managing director at Redpoint, said he invested in Augment after speaking with a number of Augment’s clients. “The customer feedback is honestly amazing. People really love the product. I think they use it in quite a ubiquitous way.”

The large funding round will go toward hiring 50 engineers and then working on adding more features. “It is a large, fragmented market. It’s complex, it’s messy. The systems are a bit archaic and siloed,” Abbott said. “We have to have many engineers because there’s lots of software systems these companies use.”

The company is currently serving the trucking industry, but its long-term vision is to expand into international shipping and other aspects of logistics.

Abbott is not alone in pursuing AI for logistics. Other AI assistants for freight management include Vooma and FleetWorks.  Meanwhile, shipping giants FedEx and UPS have signaled that they are investing in proprietary AI technology.

But all the competition doesn’t phase Abbott. “We have tremendous adoption,” he said. “Augie does really cool stuff. Augie is really thinking ahead and reasoning like a human and acting on it, so it saves everybody a lot of time.”



Source link

Tags: 85MaugmentDeliverrsfounderlogisticsMassiveRaisesSeriesStartup
ShareTweetShare
Previous Post

One Big Beautiful Bill | Corporate Tax Changes

Next Post

Friday’s jobs report could confirm a slowing labor market. But will stocks care?

Related Posts

edit post
The full Disrupt Stage revealed: Where the future of tech breaks first | TechCrunch

The full Disrupt Stage revealed: Where the future of tech breaks first | TechCrunch

by TheAdviserMagazine
October 21, 2025
0

The Disrupt Stage, only at TechCrunch Disrupt 2025, is where tech’s biggest bets get made, live and unfiltered. It’s where startup dreams turn into $100,000 prizes...

edit post
Zurich’s Chipmind emerges from stealth with €2M to bring AI agents to chip design

Zurich’s Chipmind emerges from stealth with €2M to bring AI agents to chip design

by TheAdviserMagazine
October 21, 2025
0

Chipmind, a Zurich-based startup creating AI tools to improve microchip development, has launched after a period of stealth.ContentlockrZurich-based Chipmind, a...

edit post
Reimagining Wealth: A One-Page Plan

Reimagining Wealth: A One-Page Plan

by TheAdviserMagazine
October 21, 2025
0

This is an excerpt from YOUR MONEY: Reimagining Wealth in 101 Simple Sketches by Carl Richards. Every month, I get...

edit post
OtterMon AI Partners with York IE Labs to Pioneer the Future of Effortless Observability

OtterMon AI Partners with York IE Labs to Pioneer the Future of Effortless Observability

by TheAdviserMagazine
October 20, 2025
0

York IE, an investment and advisory firm, today announced that OtterMon AI has joined York IE Labs, the firm’s venture...

edit post
The Weekly Notable Startup Funding Report: 10/20/25 – AlleyWatch

The Weekly Notable Startup Funding Report: 10/20/25 – AlleyWatch

by TheAdviserMagazine
October 20, 2025
0

The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of...

edit post
How to Choose the Right Influencers for Brand Promotions

How to Choose the Right Influencers for Brand Promotions

by TheAdviserMagazine
October 20, 2025
0

Ever spent money on an influencer campaign that didn’t do much? You’re not alone.  The trick isn’t just picking someone...

Next Post
edit post
Friday’s jobs report could confirm a slowing labor market. But will stocks care?

Friday's jobs report could confirm a slowing labor market. But will stocks care?

edit post
The best prompting techniques for tax accountants 

The best prompting techniques for tax accountants 

  • Trending
  • Comments
  • Latest
edit post
77-year-old popular furniture retailer closes store locations

77-year-old popular furniture retailer closes store locations

October 18, 2025
edit post
Pennsylvania House of Representatives Rejects Update to Child Custody Laws

Pennsylvania House of Representatives Rejects Update to Child Custody Laws

October 7, 2025
edit post
What to Do When a Loved One Dies in North Carolina

What to Do When a Loved One Dies in North Carolina

October 8, 2025
edit post
Probate vs. Non-Probate Assets: What’s the Difference?

Probate vs. Non-Probate Assets: What’s the Difference?

October 17, 2025
edit post
California Attorney Pleads Guilty For Role In 2M Ponzi Scheme

California Attorney Pleads Guilty For Role In $912M Ponzi Scheme

October 15, 2025
edit post
Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

Baby Boomers Are Flocking to This Florida Town — but Not for the Weather

October 9, 2025
edit post
Coinbase Enters Digital Capital Markets With 5M Echo Acquisition Deal

Coinbase Enters Digital Capital Markets With $375M Echo Acquisition Deal

0
edit post
7 Net Worth Myths That Fool Middle-Class Households

7 Net Worth Myths That Fool Middle-Class Households

0
edit post
10 Things Everyone Should Know Before Shopping at Trader Joe’s

10 Things Everyone Should Know Before Shopping at Trader Joe’s

0
edit post
Gov’t mulls subsidizing Israel – Argentina flights

Gov’t mulls subsidizing Israel – Argentina flights

0
edit post
Planet Labs PBC (PL) Rallied on Improved Investor Sentiment

Planet Labs PBC (PL) Rallied on Improved Investor Sentiment

0
edit post
Travis Kelce joins activist investor Jana Partners in push to revive Six Flags

Travis Kelce joins activist investor Jana Partners in push to revive Six Flags

0
edit post
Elon Musk Reignites Floki Frenzy, Can FLOKI Hold Gains as Crypto Market Falls 3%?

Elon Musk Reignites Floki Frenzy, Can FLOKI Hold Gains as Crypto Market Falls 3%?

October 21, 2025
edit post
Dynasty initiative vets indie options for wirehouse teams

Dynasty initiative vets indie options for wirehouse teams

October 21, 2025
edit post
AgNC outlines stable leverage strategy and sees 10.6% economic return as Fed signals rate cuts (NASDAQ:AGNC)

AgNC outlines stable leverage strategy and sees 10.6% economic return as Fed signals rate cuts (NASDAQ:AGNC)

October 21, 2025
edit post
This week’s critical inflation report comes with doubts about the data

This week’s critical inflation report comes with doubts about the data

October 21, 2025
edit post
10 High Dividend Stocks Trading Near 52 Week Lows

10 High Dividend Stocks Trading Near 52 Week Lows

October 21, 2025
edit post
Travis Kelce joins activist investor Jana Partners in push to revive Six Flags

Travis Kelce joins activist investor Jana Partners in push to revive Six Flags

October 21, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Elon Musk Reignites Floki Frenzy, Can FLOKI Hold Gains as Crypto Market Falls 3%?
  • Dynasty initiative vets indie options for wirehouse teams
  • AgNC outlines stable leverage strategy and sees 10.6% economic return as Fed signals rate cuts (NASDAQ:AGNC)
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.