KeepTruckin, a developer of hardware and software that helps truck drivers manage their vehicles and cargo, has raised $149 million in Series D funding. Greenoaks Capital has led the round, with participation from existing backers GV, IVP, Index Ventures and Scale Venture Partners.
The round values the business at $1.25 billion, according to KeepTruckin co-founder and chief executive officer Shoaib Makani.
Since it was founded in 2013, KeepTruckin has accumulated 55,000 unique customers, deploying its software in hundreds of thousands of vehicles. The San Francisco-headquartered company will use the latest investment to double its employee headcount to 2,000 in the next 12 to 18 months.
“Our technology really improves the life of the driver,” Makani told TechCrunch. “These are real people doing work that keeps