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Power Fleet, Inc. reported raising $55 Million in an initial SEC Form D filing, from an offering of $55 Million

PUBLIC · AIOTOct 10, 2019

Amount Raised

$55 Million

$55 Million sold, per SEC Form D (first sale Oct 10, 2019)

Round Type

Venture

Woodcliff LakeHardwareSoftwareArtificial IntelligenceEnterprise SoftwareSaaS

Quick answer

PowerFleet raised $55 Million in a funding round, dated October 10, 2019. PowerFleet is based in Woodcliff Lake, New Jersey, United States.

How much did PowerFleet raise?
PowerFleet raised $55 Million in a funding round on October 10, 2019.
What does PowerFleet do?
Powerfleet (Nasdaq: AIOT) is a global leader in AI-powered data solutions that optimize mobile asset performance, safety, and sustainability.
Where is PowerFleet based and how big is it?
PowerFleet is based in Woodcliff Lake, New Jersey, United States. Fundz records about 2,208 employees.
Who are the decision-makers at PowerFleet?
Fundz holds 2 contacts at PowerFleet, including the Enterprise Business Development Manager. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Hardware and Enterprise Software around the same time

Companies in the same sectors as PowerFleet that raised within 45 days of this round, from Fundz verified event records.

  • Fairmarkit, Inc. raised $11M on October 10, 2019.
  • Movista raised $5.9M on November 20, 2019.
  • Gradient AI raised $8.7M on October 7, 2019.
  • LegalSifter raised $1.2M (Seed) on October 2, 2019.
  • Zylo raised $37M on September 26, 2019.
  • CleverTap raised $35M on September 26, 2019.

Who to call at PowerFleet, and when

A new round usually means PowerFleet is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day PowerFleet raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at PowerFleet, from your own LinkedIn network

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Company Information

Company

PowerFleet

Location

Woodcliff Lake, New Jersey, United States

About

Powerfleet (Nasdaq: AIOT) is a global leader in AI-powered data solutions that optimize mobile asset performance, safety, and sustainability. Powerfleet Unity's cloud-based applications leverage advanced AI, machine learning, and IoT connectivity to provide mission-critical insights across industrial, logistics, and transportation sectors. Serving 48,000 customers across 120 countries, Powerfleet empowers businesses with data-driven intelligence to enhance safety, efficiency, and workforce productivity.

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Fundz sees it the moment PowerFleet raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

2 contacts
Verified contactsJustin B., Enterprise Business Development Manager hiddenSee plans and pricing
Predictive Intelligence
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ML-powered predictions for PowerFleet's next move

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PowerFleet raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.