The Technology team guided Augment in raising $85 million in Series A funding, bringing total capital raised to $110 million in just five months. The Series A round was led by Redpoint Ventures, with participation from 8VC, Shopify Ventures, Autotech Ventures, and other leading investors in logistics and AI. This funding will be used to supercharge Augie, an AI teammate for logistics.
Augment is a productivity platform that maps skills, workflows, and knowledge ontologies to build AI-driven teammates for logistics. These teammates make human operators insanely productive by taking complex and tedious tasks off their plate so they can focus on what matters. Their first product is Augie, a collaborative AI teammate for shippers, brokers and carriers.
The Goodwin team was led by John Casnocha, Hilarie Sexton, Ty Bennett, and Ari Kazanjian.
For more information on the deal, please read the press release and coverage in TechCrunch.