The San Francisco-based company, Keep Truckin, has raised an investment of $190 Million through Series E fundraising. The investment will help the company in the development of its AI-powered products such as GPS tracking, ELD compliance, dispatch, and workflow. It will also help KeepTruckin improve the functionality of its smart dashcam which helps in making driving safe by detecting unsafe driving behavior.
KeepTruckin plans to invest the capital received in AI-powered products. These include GPS tracking, ELD compliance, dispatch, and workflow, but it’s especially interested in improving its smart dashcam, which, according to Makani, detects unsafe driving behaviors like cell phone distraction and close following in real-time and alerts the drivers. The investment will also help the company improve its research and development framework. Keep Truckin aims to hire a total of 700 workers in their research and development team.
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According to the CEO of KeepTruckin, Shoab Makani,
“KeepTruckin’s secret sauce is that we can develop complex models and execute them on the edge with low-power, low-memory, and low-bandwidth constraints. We created in-house Ips to handle this challenge in a variety of environments. Including poor light, extreme weather, occluded subjects, and distortions.”
The CEO also added that the company plans to expand its operations and utilize the funding for development projects that are focused on engineering, machine vision, data science, and other AI fields.
“We believe it is vital to package these goods into operator-friendly user interfaces for individuals who aren’t extremely technical. Front-end and full-stack engineers with experience designing incredibly intuitive mobile and web applications are also a high priority.”
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