About Boon AI
Boon AI is a Transportation, Automotive & Logistics company based in San Jose (United States) founded in 2023 by Deepti Yenireddy. An AI-enabled platform is provided for managing fleet transportation operations. It operates on a AI-as-a-Service model. Boon AI has raised $25.5 million across 3 funding rounds from investors including Redpoint Ventures and Marathon. Its chief executive, as recorded, is Deepti Yenireddy. Boon AI offers products and services including Boon AI Agent Platform, Fuel Station Recommendations, Invoice Automation, ETA Alerts, and Detention Tracker. Its focus areas include Technology, Artificial Intelligence and Fleet Management Solutions. Its competitors include Descartes, Shipwell and MercuryGate; 2 of its 3 listed competitors have raised funding.
Company details
Boon AI is focused on delivering AI-driven solutions for fleet management. Operations are enhanced through automation of manual workflows, addressing bottlenecks in existing systems. Sectors served include transportation and logistics, with solutions like fuel recommendations, invoice automation, and ETA alerts. Integration with current systems such as TMS and ELDs is supported, ensuring scalability without retraining. Efficiency, service, and profitability are boosted across operations.
- Headquarters San Jose, United States
- Founders Deepti Yenireddy
- SectorsTransportation, Automotive & Logistics
- Website getboon.ai
- Social LinkedIn
- Total Equity Funding$25.5M (USD)
in 3 rounds
- Latest Funding Round$15.5M (USD), Series A
Oct 2024
- InvestorsRedpoint Ventures
& 1 more
Products & Services of Boon AI
Boon AI offers a comprehensive portfolio of products and services, including Boon AI Agent Platform, Fuel Station Recommendations, Invoice Automation, ETA Alerts, and Detention Tracker.
AI agents automate workflows for fleet operations efficiently.
Drivers are guided to cost-effective fuel stations automatically.
Documents are collected and attached to systems by AI.
Real-time ETA updates are provided to customers automatically.
Detention claims are detected and documented by automation.
Funding Insights of Boon AI
Boon AI has successfully raised a total of $25.5M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $15.5 million completed in October 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $25.5M
- Total Rounds 3
- Last Round Series A — $15.5M
- First Round $5M
(Jul 2023)
- Investors Count 2
All 3 funding rounds of Boon AI with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2024 | $15.5M | Series A | – | Redpoint Ventures, Marathon | – |
| Jun 2024 | $5M | Seed | – | Redpoint Ventures, Marathon | – |
| Jul 2023 | $5M | Seed | – | – | – |
2 investors in total: 2 institutional.
Investors in Boon AI
Boon AI has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Redpoint Ventures and Marathon.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Redpoint Ventures is engaged in venture capital investments. | redpoint.com | Woodside, United States | ||
Venture capital investments are directed toward category-defining founders by Marathon. | marathonmp.com | New York, United States |
Investor details for Boon AI
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People of Boon AI
11 people are tracked at Boon AI (4 in leadership, 7 in team).
| Name | Role | Group |
|---|---|---|
Deepti Yenireddy | Co-Founder & CEO | Leadership |
Martín Padilla | Vice President Of Marketing | Leadership |
Ashish Bhatia | CTO | Leadership |
Raman Hundal | Director Of Growth | Leadership |
Rajkumar Janakiraman | Leading AI & ML | Team |
Kishalve Pethia | Machine Learning Engineer | Team |
Tyler McGrath | Agentic AI Sales Leader | Team |
Mona Chitnis | Engineering | Team |
Justin Rhinesmith | Software Engineer | Team |
Nikolai C. | Strategic Account Executive | Team |
Greg McConaughy | Account Executive | Team |
Complete people profiles for Boon AI
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Timeline of Boon AI
3 dated milestones of Boon AI across 1 years, from founding to its latest funding, stage changes and deals.
- Founded Boon AI is founded.
- Funding First funding round of $5.0M.
- Funding Latest funding round, Series A, of $15.5M.
Competitors of Boon AI
Boon AI has 3 listed competitors in our database, 2 of them funded. They include Descartes, Shipwell and MercuryGate.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| descartes.com | 1981 | Waterloo, United States | 508 | Cloud-based solutions for transportation and supply chain management are offered. | ||
| shipwell.com | 2016 | Austin, United States | $47.08M | 127 | Online booking platform for freight transportation | |
| mercurygate.com | 2000 | Cary, United States | $200,000 | 216 | Cloud-based transportation management systems are provided for multimodal logistics. |
Detailed competitors of Boon AI
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Web traffic of Boon AI
The website of Boon AI (getboon.ai) receives about 5.5K visits a month.
- Monthly visits5.5K
▼ 26% vs previous month
Websites whose visitors overlap most with Boon AI. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| scalevp.com | 100% | #955,010 | View details | ||
boonsauce.com | boonsauce.com | 57% | #5,325,107 | – |
Top companies in Logistics Technology & Platforms
3 companies that operate in the same segment as Boon AI (Logistics Technology & Platforms) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Food and grocery deliveries are facilitated through an app-based platform. | 2013 | San Francisco, California, United States | USD 2.5 B | USD 10.72 B | 80,579 | |
AI-powered cloud-based vehicle tracking solutions are offered for fleet owners. | 2015 | San Francisco, California, United States | USD 915 M | USD 1.62 B | 5,792 | |
Cloud-based logistics software suite is provided for supply chain management. | 1994 | Schaumburg, Illinois, United States | USD 35 M | USD 1.42 B | 3,600 |
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Frequently Asked Questions about Boon AI
Boon AI was founded in 2023.
Boon AI is headquartered in San Jose, United States. It is registered at San Jose, California, United States.
Deepti Yenireddy is the CEO of Boon AI, as recorded in our data. They have also founded this company.
Boon AI is a funded company, having raised a total of $25.5M across 3 funding rounds to date. The company's 1st funding round was a Seed of $5M, raised on Jul 2023.
Boon AI is focused on delivering AI-driven solutions for fleet management. Operations are enhanced through automation of manual workflows, addressing bottlenecks in existing systems. Sectors served include transportation and logistics, with solutions like fuel recommendations, invoice automation, and ETA alerts. Integration with current systems such as TMS and ELDs is supported, ensuring scalability without retraining. Efficiency, service, and profitability are boosted across operations.
Boon AI's top competitors include Descartes, Shipwell and MercuryGate.
Boon AI offers Boon AI Agent Platform, Fuel Station Recommendations, Invoice Automation, ETA Alerts, and Detention Tracker.
Boon AI has 2 investors. Key investors include Redpoint Ventures, and Marathon.