Augment has raised $25 million in seed funding led by 8VC to develop its AI assistant for the logistics industry. This funding will help the company leverage AI technology to enhance operations in trucking and logistics.

Mar 18, 2025•9 months ago

Amount Raised

$25 Million

Round Type

seed

MiamiFinancial Services

Investors

8 Vc

Description

Augment, a startup founded by Harish Abbott, has successfully raised $25 million in seed funding. The round was led by 8VC and aims to support the development of Augie's AI-driven capabilities in logistics. Augie is designed to streamline communications and tasks in the trucking industry. With $20 billion of freight under management among its early customers, Augment is poised to make a significant impact.

Company Information

Company

Augment

Location

Miami, Florida, United States

About

Augment is a risk capital and reinsurance solutions broker, focused on designing and placing bespoke protections for a variety of clients. With a wide range of solutions, Augment creates growth and equity value through tailored transactions to deliver long term capital and partnerships. Augment’s expertise extends beyond (re)insurance, allowing the company to disrupt the value chain and build creative, value-accretive solutions for individual client needs. For more information, please visit www.augmentrisk.com.

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Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

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