14.2 C
London
Sunday, August 1, 2021

When Community Engagement Restored Trust and Raised Public Index of Suspicion for COVID-19

Kampala, 4 September 2020:- When the World Health Organization (WHO), declared the Coronavirus Disease (COVID-19) outbreak a global pandemic, on 11th March 2020, many Ugandans didn’t take it seriously with many saying it was a disease for the affluent, the very high class or for developed countries. As the disease ravaged the entire world, Ugandans…
More

    Latest Posts

    How to watch Can vs Wood: live stream boxing WBA Featherweight title fight

    Home News Software (Image credit: Leigh Dawney via Getty Images) British champ Leigh Wood has a chance to demonstrate he can compete at the top tier of boxing tonight as he takes on China's  Xu Can for the WBA Featherweight (Regular) title.The first of three consecutive Fight Camp cards over the coming weeks, tonight's event…

    Cellebrite: The mysterious phone-hacking company that insists it has nothing to hide

    Home News Computing (Image credit: Shutterstock / Patdanai) Cellebrite refers to itself as a digital intelligence company, but this opaque description doesn’t paint a particularly clear picture.In short, digital intelligence is code for device hacking; Cellebrite helps government and law enforcement agencies break into the smartphones and laptops of people under investigation - provided the…

    Sony sold 10 million PS5 consoles. Don’t have it? This is what you’re doing wrong

    Home News Gaming (Image credit: Matt Swider / Instragram) Trust and credibility(Image credit: Matt Swider / Instagram)PS5 restock tracker Matt Swider has helped 63,000 people in the US buy a next-gen console in 2021 with his tireless 24/7 tracking, in-stock Twitter alerts and exclusive restock reporting.Sony sold over 10 million PS5 consoles as of today,…

    5 games I can’t wait to play on Steam Deck

    Home News Gaming (Image credit: Valve/Future) Like countless individuals across the globe, I put my hard-earned money down for a Steam Deck as soon as preorders went live for Valve’s portable handheld. Unfortunately, though, securing the new device was a nightmare experience to say the least – something that I should have probably expected with…

    KeepTruckin raises $190 million to invest in AI products, double R&D team to 700

    KeepTruckin, a hardware and software developer that helps trucking fleets manage vehicle, cargo and driver safety, has just raised $190 million in a Series E funding round, which puts the company’s valuation at over $2 billion, according to CEO Shoaib Makani. 

    G2 Venture Partners, which just raised a $500 million fund to help modernize existing industries, participated in the round, alongside existing backers like Greenoaks Capital, Index Ventures, IVP and Scale Venture Partners and funds managed by BlackRock. 

    KeepTruckin intends to invest its new capital back into its AI-powered products like its GPS tracking, ELD compliance and dispatch and workflow, but it’s specifically interested in improving its smart dashcam, which instantly detects unsafe driving behaviors like cell phone distraction and close following and alerts the drivers in real time, according to Makani. 

    The company says Usher Transport, one of its clients, says it has seen a 32% annual reduction in accidents after implementing the Smart Dashcam, DRIVE risk score and Safety Hub, products that the company offers to increase safety.

    “KeepTruckin’s special sauce is that we can build complex models (that other edge cameras can’t yet run) and make it run on the edge with low-power, low-memory and low-bandwidth constraints,” Makani told TechCrunch. “We have developed in-house IPs to solve this problem at different environmental conditions such as low-light, extreme weather, occluded subject and distortions.”

    This kind of accuracy requires billions of ground truth data points that are trained and tested on KeepTruckin’s in-house machine learning platform, a process that is very resource-intensive. The platform includes smart annotation capabilities to automatically label the different data points so the neural network can play with millions of potential situations, achieving similar performance to the edge device that’s in the field with real-world environmental conditions, according to Makani.

    A 2020 McKinsey study predicted the freight industry is not likely to see the kind of YOY growth it saw last year, which was 30% up from 2019, but noted that some industries would increase at higher rates than others. For example, commodities related to e-commerce and agricultural and food products will be the first to return to growth, whereas electronics and automotive might increase at a slower rate due to declining consumer demand for nonessentials. 

    Since the pandemic, the company said it experienced 70% annualized growth, in large part due to expansion into new markets like construction, oil and gas, food and beverage, field services, moving and storage and agriculture. KeepTruckin expects this demand to increase and intends to use the fresh funds to scale rapidly and recruit more talent that will help progress its AI systems, doubling its R&D team to 700 people globally with a focus on engineering, machine vision, data science and other AI areas, says Makani. 

    “We think packaging these products into operator-friendly user interfaces for people who are not deeply technical is critical, so front-end and full-stack engineers with experience building incredibly intuitive mobile and web applications are also high priority,” said Makani. 

    Much of KeepTruckin’s tech will eventually power autonomous vehicles to make roads safer, says Makani, something that’s also becoming increasingly relevant as the demand for trucking continues to outpace supply of drivers.

    Level 4 and eventually level 5 autonomy will come to the trucking industry, but we are still many years away from broad deployment,” he said. “Our AI-powered dashcam is making drivers safer and helping prevent accidents today. While the promise of autonomy is real, we are working hard to help companies realize the value of this technology now.”

    Latest Posts

    How to watch Can vs Wood: live stream boxing WBA Featherweight title fight

    Home News Software (Image credit: Leigh Dawney via Getty Images) British champ Leigh Wood has a chance to demonstrate he can compete at the top tier of boxing tonight as he takes on China's  Xu Can for the WBA Featherweight (Regular) title.The first of three consecutive Fight Camp cards over the coming weeks, tonight's event…

    Cellebrite: The mysterious phone-hacking company that insists it has nothing to hide

    Home News Computing (Image credit: Shutterstock / Patdanai) Cellebrite refers to itself as a digital intelligence company, but this opaque description doesn’t paint a particularly clear picture.In short, digital intelligence is code for device hacking; Cellebrite helps government and law enforcement agencies break into the smartphones and laptops of people under investigation - provided the…

    Sony sold 10 million PS5 consoles. Don’t have it? This is what you’re doing wrong

    Home News Gaming (Image credit: Matt Swider / Instragram) Trust and credibility(Image credit: Matt Swider / Instagram)PS5 restock tracker Matt Swider has helped 63,000 people in the US buy a next-gen console in 2021 with his tireless 24/7 tracking, in-stock Twitter alerts and exclusive restock reporting.Sony sold over 10 million PS5 consoles as of today,…

    5 games I can’t wait to play on Steam Deck

    Home News Gaming (Image credit: Valve/Future) Like countless individuals across the globe, I put my hard-earned money down for a Steam Deck as soon as preorders went live for Valve’s portable handheld. Unfortunately, though, securing the new device was a nightmare experience to say the least – something that I should have probably expected with…

    Don't Miss

    Argo AI can now offer the public rides in its autonomous vehicles in California

    Argo AI, the autonomous vehicle technology startup backed by Ford and VW, has landed a permit in California that will allow the company to give people free rides in its self-driving vehicles on the state’s public roads. The California Public Utilities Commission issued the so-called Drivered AV pilot permit earlier this month, according to the…

    Deliveroo could leave Spanish market ahead of on-demand labor reclassification

    Deliveroo announced today that it is considering leaving the Spanish market, citing limited market share and a long road of investment with “highly uncertain long-term potential returns” on the horizon. The company, an on-demand outfit based in the U.K., went public earlier in 2021. Its shares initially sagged, drawing concern about both the value of…

    Israeli Judo Team to compete for bronze after victory against Brazil

    Israel took home victory and a bronze medal on Saturday morning, after a tense final competition against the Russian Olympic Committee (ROC) in the mixed-team judo tournament.Although Israel took a blow in the first round of the match, as Gili Sharir lost to Madina Taimazova, giving the ROC a 1:0 lead, they made up lost…

    Deadly attack on Israel-linked tanker is major escalation

    The attack on the tanker Mercer Street off the coast of Oman is a major escalation in an ongoing series of attacks on shipping that have increased this year. The ship is reportedly operated by Zodiac Maritime and reports say a UK and Romanian crew member were killed. The attack may have been carried out by…

    Sophisticated Iranian drones at fault for Israeli-linked tanker attack

    A ship attacked off the coast of Oman is raising tensions between Israel and Iran as Israel’s foreign minister slammed Iran on Friday as an exporter of terrorism, destruction, instability and a threat to the freedom of navigation. Pro-Iran social media accounts and a report at Al-Alam TV has said Iran carried out the attack on the…

    Stay in touch

    To be updated with all the latest news, offers and special announcements.

    × Share your content