AI logistics startup Augment, from Deliverr’s founder, raises massive $85M Series A

Augment, a new AI-powered logistics startup founded by the former CEO of Deliverr, has raised an $85 million Series A funding round. The round was led by Redpoint Ventures, with participation from additional investors. Augment was launched just five months ago, initially raising $25 million in a seed round. The startup aims to revolutionize logistics and supply chain management by leveraging AI and machine learning technologies. The newly raised funds will be used to further develop Augment's platform, expand its team, and scale its operations to meet the growing demand for its services. The startup's goal is to provide businesses with a more efficient and cost-effective way to manage their logistics and supply chain processes. The substantial funding round highlights the significant interest and potential in the AI-powered logistics space, as companies seek to optimize their operations and adapt to the changing market conditions.