Augment Raises $85M Series A to Supercharge Augie, The AI Teammate for Logistics
· Source: businesswire.com
In short
Augment has raised $85 million in Series A funding, bringing its total capital raised to $110 million to accelerate the development of its AI teammate for logistics, Augie. The platform operates across the full order-to-cash lifecycle, reducing load touches and shortening cycle times for shippers, brokers, and carriers. Augie now supports over $35 billion in freight under management and has delivered measurable results for customers, including a 40% reduction in invoice delays and billing cycles accelerated by 8 days.
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Tags: logistics, automation, funding, AI, freight, productivity