{"id":11653,"date":"2025-09-12T11:32:11","date_gmt":"2025-09-12T11:32:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/11653\/"},"modified":"2025-09-12T11:32:11","modified_gmt":"2025-09-12T11:32:11","slug":"augment-raises-85-million-for-ai-teammate-for-logistics","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/11653\/","title":{"rendered":"Augment Raises $85 Million for AI Teammate for Logistics"},"content":{"rendered":"

Augment<\/a> raised $85 million in a Series A funding round to accelerate the development of its artificial intelligence teammate for logistics, Augie.<\/p>\n

The company will use the new capital to hire more than 50 engineers to \u201cpush the frontier of agentic AI\u201d and to expand Augie into more logistics workflows for shippers, brokers, carriers and distributors, according to a Sept. 4 press release<\/a>.<\/p>\n

Augie performs tasks in quoting, dispatch, tracking, appointment scheduling, document collection and billing, the release said. It understands the context of every shipment and acts across email, phone, TMS, portals and chat.<\/p>\n

\u201cLogistics runs on millions of decisions\u2014under pressure, across fragmented systems and with too many tabs open,\u201d Augment co-founder and CEO Harish Abbott<\/a> said in the release. \u201cAugie doesn\u2019t just assist. It takes ownership.\u201d<\/p>\n

Augment launched out of stealth five months ago, and the Series A funding brings its total capital raised to $110 million, according to the release.<\/p>\n

When announcing the company\u2019s launch in a March 18 blog post<\/a>, Abbott said Augie does all the tedious work so that staff can focus on more important tasks.<\/p>\n

\u201cWhat exactly does Augie do?\u201d Abbott said in the post. \u201cAugie can read\/write documents, respond to emails, make calls and receive calls, log into systems, do data entry and document uploads.\u201d<\/p>\n

Augie is now used by dozens of third-party logistics providers and shippers and supports more than $35 billion in freight under management, per the Sept. 4 press release.<\/p>\n

Customers have reported a 40% reduction in invoice delays, an eight-day acceleration in billing cycles, 5% or greater gross margin recovery per load and, across all customers, millions of dollars in track and trace payroll savings, the release said.<\/p>\n

Jacob Effron<\/a>, managing director at Redpoint Ventures<\/a>, which led the funding round, said in the release that Augment is \u201ccreating the system of work the logistics industry has always needed.\u201d<\/p>\n

\u201cCustomers consistently highlight Augment\u2019s speed, deeply collaborative approach and transformative impact on productivity,\u201d Effron said.<\/p>\n

In another development in the space, Authentica<\/a> said Tuesday (Sept. 9) that it launched an AI platform designed to deliver real-time supply chain<\/a> visibility and automate compliance.<\/p>\n

In May, AI logistics<\/a> software startup Pallet<\/a> raised $27 million in a Series B funding round.<\/p>\n

For all PYMNTS B2B coverage, subscribe to the daily B2B Newsletter<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"Augment raised $85 million in a Series A funding round to accelerate the development of its artificial intelligence…\n","protected":false},"author":2,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-11653","post","type-post","status-publish","format-standard","category-artificial-intelligence"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/11653","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=11653"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/11653\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=11653"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=11653"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=11653"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}