KeepTruckin +31%

KeepTruckin's share price has reached $7.2. The difference with the price at the beginning of June is 31%, whereas with the original price on the UT platform in August 2019 — 57%.

The company develops equipment and software that helps vehicle fleets manage the safety of transport, cargo and drivers. The price of KeepTruckin shares on the OTC market had reached $7.2.

As part of the Series E financing round, the company raised $190 million, its valuation increased to $2.3 billion. We offered an opportunity to invest in KeepTruckin shares on our platform in August 2019 at a start price of $4.6 per share.

KeepTruckin plans to invest in various products based on artificial intelligence.

During the pandemic, the company's revenues rose by 70%, mainly due to entering new markets, such as construction, agriculture, oil and gas, food and beverages, house moving and storage services. According to KeepTruckin forecasts, these industries will experience a growing demand. The company intends to allocate additional funds for rapid scaling and hiring new employees to assist in the AI systems development. The staff of the research department will be increased twofold to 700 people with particular emphasis on engineering, machine vision, data science, etc.

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