Boon raises $20.5M to build agentic AI tools for fleets [Yahoo! Finance]
DoorDash, Inc. (DASH)
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Source: Yahoo! Finance
But behind that demand lies a huge amount of inefficiency and fragmentation. Are logistics businesses ready for AI to help run their services better? A startup called Boon thinks the answer is yes. It has now raised $20.5 million to prove that out, by way of a platform to help them make better use of data from disparate applications, to improve their operations, planning and overall efficiency. “Think of Boon as the second employee in the back office,” said Deepti Yenireddy, the founder and CEO, in an interview. “Our AI agent is like another teammate doing critical work so that people can focus on tasks that actually make them more money.” The funding is coming from Marathon and Repoint, which have backed it in a $15.5 million Series A and a previously undisclosed $5 million seed. Taking just goods carriers alone, there are more than 60 million fleet vehicles globally, according to research from Berg Insight , with the vast majority of the companies operating them classified as
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- DoorDash, Inc. (NASDAQ: DASH) had its price target raised by analysts at Wolfe Research from $210.00 to $220.00. They now have an "outperform" rating on the stock.MarketBeat
- DoorDash, Inc. (NASDAQ: DASH) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $200.00 price target on the stock.MarketBeat
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DASH
Earnings
- 10/30/24 - Beat
DASH
Sec Filings
- 1/3/25 - Form 4
- 1/3/25 - Form 4
- 1/2/25 - Form 4
- DASH's page on the SEC website