Oren Zislansky
๐ค SpeakerAppearances Over Time
Podcast Appearances
We also brought Volvo in, which is a really exciting strategic for us, both for a commercial partnership.
They spend a lot of money on moving freight, and they do it suboptimally, and they want to partner with us, but also to work with their innovation labs on really defining what the future of transportation will look like, autonomous driving vehicles as an OEM.
They make these trucks, or they're working on that technology, how a marketplace partnership like us could work with a Volvo over the long term.
We think of Volvo here in North America as these lovely Swedish cars, and they are, but not a lot of people know they're the second or third largest truck manufacturer.
I say truck, I mean tractor, trailer, freight truck in the world.
I think them and Daimler are the biggest in the world.
In the U.S., they own the brand Mack truck, which more people are probably familiar with.
And then we had participation from all of our insiders, Google Ventures, Signal Fire, and GOP.
At that point, we set out to raise, honestly, $30 to $50 million.
We ended up raising $115 million.
So it was a bit of like, no more capital can come in.
Work with your insiders to prevent too much money from coming in.
And that puts the total raise at $180 million, $185 million, something like that.
Uh, it's south of a billion.
This is why everyone's trying to get us on this one.
I know.
Look, um,
it's a couple of ways of thinking about it.
One is, you know, it is freight and we have a lot to prove.
It's a huge space.