Friday, December 8, 2017

Overhaul Finds $4.5M

Austin-based Overhaul, a provider of risk management technology for the third party logistics (3PL) industry, said Thursday that it has raised $4.5M in a Series Seed funding round. The funding was led by Abbey International Finance Group, which invests in the US transportation industry. Overhaul uses telematics, cargo sensors, and other data from fleets and helps detect and correct "non-compliance" behaviors. Overhaul said the funding will go towards device integration for its solution. Barry Conlon is CEO and co-founder of Overhaul.