Fundraising FoxBoon
San Francisco, US · Founded 2018 · 5 known investors
Find your way into Boon
209 people in our graph share verified history with the Boon team — schools, employers, funds. One of them is your warm intro.
Boon builds AI agents that automate preconstruction workflows for construction firms, handling tasks such as takeoffs, bid packages, project summaries, and subcontractor proposal comparison from blueprint to bid. It serves electrical contractors and general contractors across North America.
Also known as Boon AI
Founders & leadership
Boon was founded in 2018 by Deepti Yenireddy and Ryan Vet.
Investors · 5
How we know: FalconX Ventures's portfolio page · Not right? Tell us
How we know: Redpoint Ventures's portfolio page · a partner's Signal profile · techcrunch.com · Not right? Tell us
How we know: somacap.com · Not right? Tell us
How we know: techcrunch.com · Not right? Tell us
Also in the syndicate · 1
Funding
SEC filings, press & company announcements$40K disclosed across 1 of 3 rounds · 2019–2024
- Undisclosed amountSeries ADec 2024
Redpoint Ventures (lead), Marathon
Source ↗ - Undisclosed amountSeries AJul 2024
Roca Group Ventures (lead)
Source ↗
▶$40KraisedApr 2019 · 2 investors · Other TechnologyRule 506(b)
- Ryan VetExecutive Officer, Director, Promoter
- Offering amount
- $1M
- Amount sold
- $40K
- Proceeds to insiders
- $15K
- First sale
- Apr 2019
- Incorporated
- Corporation, North Carolina, 2018
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Company profile
researched Aug 2026Boon is a startup developing an artificial intelligence platform for logistics and fleet operators. Its product is positioned as an AI agent that works alongside back-office staff, described by founder and CEO Deepti Yenireddy as "the second employee in the back office," handling routine work so employees can focus on revenue-generating tasks.
The platform's core premise is that fleet and logistics companies run on between 15 and 20 separate applications on average — covering accounting, routing, sales and HR — that operate in silos alongside substantial physical paperwork. Boon aims to draw data from these disparate systems into a single platform to improve operations, planning and overall efficiency, with the company claiming potential efficiency gains of roughly tenfold. Initial workflow coverage focuses on revenue and operations use cases such as building more efficient routes and identifying optimal fueling locations. Following its December 2024 funding, the company planned to extend coverage to additional workflows, including container loading optimization and staffing optimization.
Founding story
Founder and CEO Deepti Yenireddy conceived of Boon while serving as senior director of product at fleet operations company Samsara, where she led product, telematics and international product. She concluded that fleet customers wanted a single, simplified platform rather than many point tools. Yenireddy had previously founded an AI company in the HR sector that she sold to the AI recruitment platform Phenom People, and chose to build Boon as an independent company rather than inside Samsara.
Business model
Boon sells a software platform to logistics and fleet operating companies; the December 2024 reporting notes paying customers and an annual revenue run rate, but does not describe pricing or contract structure.
Traction
As of December 2024, Boon reported paying customers representing 35,000 drivers and 10,000 vehicles on its platform, and an annual revenue run rate of $1 million reached after nine months of operation.
Latest developments
In December 2024 Boon disclosed a total of $20.5 million in funding from Marathon and Redpoint, comprising a $15.5 million Series A and a previously undisclosed $5 million seed, and said it would use the capital to broaden the range of workflows its agents can handle.
▸Full profile — market position, technology, go-to-market, history, risks & controversies
Market position
Boon addresses a large and fragmented market: research from Berg Insight cited by TechCrunch counts more than 60 million goods-carrying fleet vehicles globally, with most operators classified as SMEs. Redpoint partner Urvashi Barooah, who led the firm's investment, characterized first-generation point-solution software as having added a heavy administrative burden on fleet management companies.
Technology
An agentic AI system that ingests and reasons across data from the many separate applications a fleet business uses, automating back-office and operational workflows such as routing and fuel stop selection.
Go-to-market
As of December 2024 the company was hiring additional go-to-market personnel alongside engineers to expand commercial coverage.
Logistics and fleet operating companies, predominantly small and medium-sized enterprises running goods-carrying vehicle fleets.
History
The company had been operating for approximately nine months at the time of the December 2024 TechCrunch report, having raised a previously undisclosed $5 million seed round followed by a $15.5 million Series A. As of December 2024 it was actively hiring for go-to-market and engineering roles.
Risks & controversies
TechCrunch noted that building a platform capable of working intelligently across disparate enterprise data silos has been a long-standing and unsolved challenge in B2B software, pursued by other heavily funded agentic AI startups such as H, and that widespread automation raises open questions about the redeployment of human labor.
Compiled by commissioned research from 5 cited public sources — announcements, filings, and press listed under research sources below.
Key figures
latest reportedCompany-reported or press-reported figures, each dated to when it was claimed — not independently audited.
Timeline · 1
launches, deals, and filingsBoon announced $20.5 million in total funding from Marathon and Redpoint, consisting of a $15.5 million Series A and a previously undisclosed $5 million seed. Redpoint partner Urvashi Barooah led the firm's investment. Proceeds were earmarked for expanding the workflows its AI agents support, such as container loading and staffing optimization.
$20.5M source ↗
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
In the news
▸Research sources · 5
primary sources listed
- Boon raises $20.5M to build agentic AI tools for fleets | TechCrunchtechcrunch.com · web
5 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Boon do?
- Boon builds agentic AI software that unifies data across the many apps fleet and logistics operators use.
- Who founded Boon?
- Boon was founded by Deepti Yenireddy, Ryan Vet in 2018.
- Who are Boon's investors?
- Boon's investors include FalconX Ventures, Redpoint Ventures, Soma Capital, Marathon.
- How much funding has Boon raised?
- Boon has disclosed $40K raised across 1 of its 3 known rounds.
- Where is Boon headquartered?
- Boon is headquartered in San Francisco, US.