Augment Secures $85M to Transform Logistics with AI
· Source: indexbox.io
In short
Augment, an AI productivity platform for logistics, has raised $85 million in a Series A funding round led by Redpoint Ventures. The company's AI agent, Augie, automates end-to-end workflows for shippers, brokers, and carriers, currently supporting over $35 billion in freight under management. Customer results show a 40% reduction in invoice delays, accelerated billing cycles, and 30-50% productivity gains in operations.
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Tags: logistics, automation, funding, productivity, freight, workflow