AI Logistics Startup Mustrup, from Deliveer founder, raises a huge series of $ 85 million a

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After built and sold e -commerce charging, starting Deliverer started to Shopify for $ 2.1 billion In 2022, the co -founder and CEO Harish Abbott is well known for the logistics industry.

Abbott felt that many manual tasks in logistics can automatically using artificial intelligence. For this reason, last year, MUPMENT, who offers Amnesty International called “Augie” that can seize the hard and repeated work performed by shipping shipments, transport companies, and brokers.

On Thursday, MUPMET announced that it had raised a chain of $ 85 million led by Redpoint, with the participation of 8VC, Autotech Ventures and others. The huge round comes just five months after the start of the starting start with a huge seed tour of $ 25 million.

“Shipping and logistics is a very large industry that employs many people who are busy chasing emails, documents, phone calls and text messages throughout the day,” Abbott told Techcrunch: “Augie can take care of everything like their personal assistant, so that they can focus on relationships and negotiations.”

Today, Augie can perform seven main tasks in the logistical services process, from collecting and reviewing quotations from truck transport companies and tracking packages on the road, to building a load – the method of combining multiple shipments to increase the truck space – and collect bills documents to ensure bills in a timely manner.

All of these operations usually include many phone calls, emails or texts that are exchanged between the various participants in the logistical process. Augie can help human beings to simplify these connections by working through multiple channels such as Voice, Email, Slack, SMS and Telegram.

Although increasing the return does not reveal its revenues, ABBOTT says that the company has doubled the number of customers it has served since the seed round was raised.

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Although many customers are still experimenting with the product, customers who have been fully placed on board such as Armstrong Transport Group are already achieving significantly productive gains with an increase, such as a 40 % decrease in delaying bills.

Jacob Everon, the administrative director of Red Point, said he had invested in an increase after talking to a number of MUPMENT clients. “Customer notes are amazing frankly. People really love the product. I think they use it everywhere.”

The large financing round will go to employ 50 engineers and then work to add more features. Abbott said: “It is a big market. It is complicated, it is chaotic. The systems are somewhat old.” “We must have many engineers because there are many software systems that these companies use.”

The company is currently serving the truck transport industry, but its long -term vision is the expansion of international shipping and other aspects of logistical services.

Abbot is not alone in following up the artificial intelligence of logistics services. Among the other assistants of the artificial intelligence of Vooma and Fleetworks. Meanwhile, Fedex and UPS giants indicated that they are investing in artificial intelligence technology.

But all competition does not pass Abbot. “We have a tremendous adoption,” he said. “Augie is really doing great things. Augie really thinks of the future and causes a person to act on, so everyone saves a lot of time.”



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