Funding Details
- Awarder
- WeFunder
- Date Award
- June 13, 2024
- Vertical
- Automated Invoicing and Payments
- Funding URL
- View Funding Page
- Premoney Valuation
-
$4,500,000
- Valuation
-
$4,500,000
Company Info
- Traction
- DUKE.ai has a revenue of $1.5 million and is projected to reach $6 million over the next 12 months. They are processing 1000 loads per month and plan to scale up to 300,000 loads per month at $5 per load.
- Revenue Amount
-
$1,500,000
- Organizations Involved
- Google, Panoramic Ventures
- Founders
- Marcus Cooksey, Viswanath Puntagunta
- Company Description
- DUKE.ai is an A.I. back office billing and payment assistant focused on the trucking industry. They have developed an A.I. assistant that automates payment tasks for invoices, significantly reducing costs. The company is integrated with six banks processing over $50 billion in trucking payments and aims to increase its transaction volume. With a projected revenue of $6 million over the next 12 months and a significant Serviceable Obtainable Market (SOM) opportunity of $1.5 billion, DUKE.ai is seeking to raise $500,000 in crowdfunding.
- Market
- Trucking
- Location
-
Texas City,
Texas,
US
- Coinvestors
- Google, Panoramic Ventures
Links