AutoFleet, a Tel Aviv, Israel-based startup that has developed an optimization platform for fleet owners and operators, closed a $20 million Series B for AI-based fleet management platform.
The round was led by KeyFrame Capital and included new investments from Fujitsu Ventures Fund LLC (Fujitsu) and The Goodyear Tire & Rubber Company (Goodyear). Existing investors, including Mizmaa Ventures, Maniv Mobility, and Next Gear Ventures also participated in the round.
Company: Autofleet Systems Ltd.
Round: Series B
Funding Month: October 2021
Lead Investors: KeyFrame Capital
Additional Investors: Fujitsu Ventures Fund LLC (Fujitsu), The Goodyear Tire & Rubber Company, Mizmaa Ventures, Maniv Mobility, and Next Gear Ventures (Goodyear)
Company Website: https://www.autofleet.io/
Software Category: AI-based fleet management platform
About the Company: AutoFleet was founded in 2018 by CEO Kobi Eisenberg and CTO Dor Shay, both former employees at Gett. The startup currently employs 30 people in its Tel Aviv offices. AutoFleet is active in 12 countries, managing tens of thousands of vehicles for some of the world's largest fleets. AutoFleet’s platform leverages advanced machine-learning models for real-time demand prediction, automated generation, and management of maintenance/servicing tasks, optimized dispatching and routing, and dynamic pricing to help existing fleets become more efficient. The robust and automated routing and dispatch engine allow immediate optimization of delivery/logistics services, passenger trips, and field service operations - all from a single platform.