Fundraising Fox

Carma

YC W24

San Francisco, US · Founded 2024 · 15 employees · Hiring · 5 known investors

joincarma.com

Carma provides an AI-powered operating system for fleet management that replaces legacy point solutions with integrated tools for maintenance scheduling, vendor management, and cost optimization. The platform serves large fleet operators and uses machine learning to automate repairs, parts ordering, and financial analysis across 1,000+ vehicle fleets.

Also known as Carma Technologies Inc. · joincarma

AI & Machine LearningEnterprise SoftwareLogistics & Supply ChainSaaSB2BWorkflow AutomationComplianceAIAutomotiveUnited States of AmericaAmerica / CanadaPartly Remote

Founders & leadership· Y Combinator alumni (W24)

Carma was founded in 2024 by Muhammad Alasgarli and Suleyman Alasgarli.

MAMuhammad Alasgarli
Muhammad Alasgarliin𝕏CEO and FounderHe previously worked as an investment banker in New York focused on mergers and acquisitions in the automotive and automotive technology sectors, advising clients including Carvana, Honeywell Transportation Systems, and affiliates of Hertz. He holds a degree from Washington University in St. Louis.
SASuleyman Alasgarli
Suleyman AlasgarliinChief Growth Officer and FounderFounder and Chief Growth Officer of Carma, an AI-powered operating system for fleet management.

Investors · 5

Also in the syndicate · 2

Five VRegal Funds Managementlead

Funding

SEC filings, press & company announcements

Source: company announcements and press reports — follow each round's link for the claim.

Company profile

researched Aug 2026

Carma develops an AI-native software platform for commercial fleet operations, positioned as a replacement for the fragmented "legacy stack" of point solutions that fleet operators use for maintenance and repair management. The core of the product is an AI system called Neo, described by the company as acting simultaneously as a master technician, operations manager and financial analyst across every vehicle in a fleet. Neo reviews work orders against market pricing data to flag unnecessary repairs and inflated labor or parts charges before payment, automates maintenance scheduling and vendor selection, routes labor, tracks driver compliance, and audits invoices.

The platform also provides cost-of-ownership analytics: projected maintenance spend, failure patterns, live resale value, and repair-hold-replace recommendations, alongside a dashboard covering service history, spend breakdowns, vendor performance, warranties, recalls and replacement timelines. Vendors are onboarded through an invite link into a dedicated portal where they register a payments account and service the customer's fleet; the network is continuously monitored and performance-scored, while customers can retain existing service-center relationships. Carma integrates with telematics providers (it states it is an official Samsara Technology Partner) and tracks service intervals by mile, engine hour and calendar day. Onboarding is described as VIN upload plus one-click telematics connection, with configuration of preventative maintenance intervals and approval thresholds within the first days.

The company describes an earlier, different model: a consumer/fleet quote marketplace that sourced competing repair offers from local vetted shops (a St. Louis-area consumer site operated under Carma Technologies Inc., and an earlier YC launch focused on service centers bidding for same-day fleet service). Per the company's YC launch post, this original model was scrapped roughly eight months before the post and rebuilt as the AI-native fleet operating system.

Compiled by commissioned research from 8 cited public sources — announcements, filings, and press listed under research sources below.

Key figures

latest reported
HeadcountAug 20269

Company-reported or press-reported figures, each dated to when it was claimed — not independently audited.

Images

Carma photo

Competitors · 1

by search overlap

Companies competing with Carma for the same Google search keywords, organic and paid, via search-intersection analysis.

In the news

Research sources · 8

primary sources listed
  • Carmajoincarma.com · web

8 public sources were cited for this profile; the first-party ones are listed here.

Frequently asked questions

What does Carma do?
Carma is a YC-backed San Francisco startup building an AI operating system, "Neo," for commercial fleet maintenance operations.
Who founded Carma?
Carma was founded by Muhammad Alasgarli, Suleyman Alasgarli in 2024.
Who are Carma's investors?
Carma's investors include General Catalyst, Y Combinator, Tiger Global Management.
Where is Carma headquartered?
Carma is headquartered in San Francisco, US.