KeepTruckin raises $149 million for its fleet management and automation platform

And while freight demand is stronger than ever — the American Trucking Association forecasted last year a 35.6% increase in shipment volumes by 2029 to 21.7 billion tons — there’s a driver shortage, with high turnover at least partially to blame. In a little over five years, they’ve attracted tens of millions in venture capital from a bevy of investors, and they today announced the closure of a fresh financing round that catapults KeepTruckin to “unicorn” status. Makani said the fresh funds will be used to fuel the company’s continued growth through hiring, to invest in hardware and machine learning (specifically asset management tools), and to establish new partnerships. “Our platform unlocks the data that makes this vision possible.” KeepTruckin offers a comprehensive toolkit that helps fleet managers and partners comply with rules and regulations, track shipments, ensure a baseline level of driver safety, and keep vehicles operating in tiptop shape. Managers can dispatch information to drivers’ phones and match those drivers with loads, or dig into logs and see trucks’ routes in a calendar and map view, with entries denoting starts, stops, and breaks (along with durations for each).