DUKE.ai (Future Equity)
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
Funding Amount
$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
Market
Trucking
Location
Texas City, Texas, US
Coinvestors
Google, Panoramic Ventures
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.

Links
Website
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