Augment, an AI company focused on transforming logistics operations, announced it has raised $85 million in Series A funding, bringing total capital raised to $110 million within five months. The round was led by Redpoint Ventures with participation from 8VC, Shopify Ventures, Autotech Ventures, and other investors.
The company plans to use the funding to expand Augie, its AI-powered teammate designed to manage freight from order to cash. Already supporting over $35 billion in freight under management across major shippers and brokerages, Augie aims to streamline operations by handling quoting, billing, delivery, and collections while reducing manual work and fragmented processes.
Unlike conventional automation tools, Augie is designed to manage the entire logistics workflow by integrating structured and unstructured business data into a dynamic knowledge base. Its multimodal capabilities allow it to interact across transport management systems, financial platforms, and load boards, to minimize operational overhead. The company said it will hire over 50 engineers to advance Augie’s AI-native infrastructure, long-term memory, and reasoning capabilities for freight.