Brazilian logistics startup Cobli raises US$10 million Series A to scale fleet monitoring
Summary
Contxto – The fleet management solution, Cobli from Brazil, recently wrapped up a Series A worth US$10 million led by Fifth Wall Ventures. Functioning as a B2B with its integrated enterprise vehicle management solution, Cobli develops IoT tracking technology for corporate fleets. “The Cobli system is based on IoT and works through sensors that track the vehicles’ movement, location and interactions with the environment and clients,” said founder Parker Treacy, a U.S. mathematician. Equipped with Cobi’s IoT device, partners can access data involving everything from current whereabouts, trajectory, not to mention vehicle condition. “The faster a logistics company adopts smart, the better it can compete.” In the end, partners ultimately gain more control over field operations with the software.