Terminal Industries Emerges From Stealth; Announces $17M Seed Round To Bring Ai To Yard Operations Globally
Jul 20, 2023•about 2 years ago
Amount Raised
$17 Million
Round Type
seed
AustinArtificial IntelligenceInvestors
Ms&Ad VenturesAmplifierNorthstar.Vc9 YardsFriedkin Group InternationalVehicle Velocity GroupLineage LogisticsRyder VenturesNfi VenturesPrologis Ventures8 Vc
Description
Terminal Industries emerged from stealth today and announced $17 Million in seed funding co-led by 8VC, the most active supply chain investor, and Prologis Ventures, the venture arm of the global leader in logistics real estate, to develop novel AI platforms that optimize the yard. The round includes participation from strategic investors including NFI Ventures, RyderVentures, the corporate venture capital arm of Ryder System, Inc., Lineage Logistics, Vehicle Velocity Group, the Friedkin Group International, as well as world-class logistics-focused venture firms 9Yards, Northstar.vc, Amplifier, and MS&AD Ventures.
Funding Insights
Based on industry dataVC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech