#USA #Phoenix #AI Logistics #RunBuggy #Centana Growth

RunBuggy Secures $37 Million in Series B Funding

In a significant financial leap, RunBuggy, a pioneering technology platform revolutionizing automotive transportation and logistics, announced the successful closure of a $37 million Series B funding round. This funding was led by Centana Growth Partners, a firm renowned for channeling investments into growth-stage companies within the financial services and technology sectors. The round also saw participation from OMI Capital, an original investor, emphasizing the positive impact RunBuggy has made in the automotive logistics landscape.

RunBuggy's innovative technology, which integrates proprietary artificial intelligence with robust cybersecurity measures, has attracted the confidence of Centana. This trust underscores the platform's capabilities to significantly enhance operations for both transporters and shippers in the automotive ecosystem. With these new funds, RunBuggy is poised to expedite product development and broaden its service offerings.

Kevin Malik, CEO of RunBuggy, highlighted that this investment is a testament to their commitment since inception: “We focus on technology that yields tangible benefits for transporters and shippers, emphasizing customer service, security, and trust.” The company prides itself on being a leader in the industry, consistently investing in technology and enhancing customer experience across various sectors, including banks, manufacturers, dealers, and auction houses.

The platform’s AI engine, RunBot, has been instrumental in redefining vehicle logistics by automating over 80% of routine order workflows while accurately forecasting delivery challenges. This optimization leads to reduced empty miles and lower costs, contributing to higher profit margins and faster delivery times—all while significantly cutting carbon emissions.

Security remains a cornerstone of RunBuggy's infrastructure. The company has adopted a zero-trust model, emphasizing continuous monitoring, vulnerability assessments, and compliance with SOC 2 standards. This meticulous approach fortifies the platform against potential threats, ensuring its reliability for leading manufacturers, dealerships, and financial institutions.

Ben Cukier, a partner at Centana Growth Partners, remarked, “RunBuggy is reshaping an industry that has long suffered from fragmentation and inefficiency.” He pointed to the company’s technological advancements, robust security, and the value delivered to the interconnected automotive and financial services sectors as key drivers of its success.

The investment strategy of Centana centers on organizations that modernize outdated systems within the financial services landscape. Devi Malhotra, VP at Centana, outlined how RunBuggy is transforming vehicle transportation by fostering efficiency and transparency, resulting in improved experiences for banks, lenders, and ultimately consumers.

About RunBuggy

RunBuggy operates as a technology platform that connects vehicle shippers with haulers, facilitating seamless integration of car transportation services. With its transparent approach to load matching, the platform offers an efficient alternative to traditional methods, driving down costs for shippers and improving service delivery times.

If you're looking to understand more about the evolving world of automotive logistics powered by AI, RunBuggy is undoubtedly at the forefront of this change. To explore their offerings and potential collaborations, visit their official website at runbuggy.com.

About Centana Growth Partners

Centana Growth Partners is a growth equity firm dedicated to investing in the future of finance. Collaborating with a range of organizations from financial institutions to fintech innovators, Centana aims to enhance long-term value through strategic investments that promote efficiency and transformation within the industry. For further information about their investment strategies, visit centanagrowth.com.