Overhaul raises $55M for its AI-powered cargo management platform

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Overhaul raises $55M for its AI-powered cargo management platform

Overhaul Group Inc. has successfully raised $55 million in funding to enhance its AI-powered cargo management platform. This funding round, led by Springcoast Partners, brings the company's total external funding to approximately $150 million. The platform aims to protect cargo from damage, theft, and delays while providing real-time tracking and monitoring features.

The AI platform utilizes a map interface to visualize cargo shipments and prioritize shipping issues. Overhaul's technology is particularly beneficial for temperature-sensitive products, offering sensors to monitor conditions and timers for expiry dates. With over 300 clients, including major enterprises, Overhaul is poised for significant growth and market expansion.

• Overhaul raised $55 million to enhance its AI cargo management platform.

• The platform protects cargo from damage, theft, and shipping delays.

Key AI Terms Mentioned in this Article

AI-powered platform

The AI-powered platform helps companies monitor and protect cargo throughout the supply chain.

Cargo tracking

Cargo tracking allows real-time visualization of shipment locations and issues.

Temperature-controlled monitoring

Temperature-controlled monitoring ensures that sensitive products maintain required conditions during transport.

Companies Mentioned in this Article

Overhaul Group Inc.

specializes in AI solutions for cargo management and supply chain protection.

Microsoft Corp.

utilizes Overhaul's platform to enhance its supply chain reliability and efficiency.

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