rideOS acquired by Gopuff for $115M

The Robot Report

rideOS

Gopuff, a consumer goods and food delivery service operating in over 650 U.S. cities, has acquired 2021 RBR50 company rideOS for $115 million. San Francisco-based rideOS, founded in 2017, develops advanced routing, dispatch and fleet management software for autonomous and human-driven vehicles.

Gopuff continues to expand geographically and launch in more complex and high-density cities. It said rideOS’ proprietary technology and team will enable it to innovate faster, power multi-modal deliveries, and reduce delivery times.

“rideOS is among the best mapping, dispatching and routing technology firms in the industry, and we are thrilled to have them lead innovation in key sectors for Gopuff,” said Sharad Sundaresan, Gopuff’s SVP, Product & Growth. “This investment will enable Gopuff to continually improve the customer experience in more complex geographies as we lead and define the Instant Needs category worldwide.”

“Gopuff’s mission and global ambition to be the world’s go-to solution for immediate everyday needs is a natural extension of the rideOS’ vision to build software that efficiently moves people and things throughout the world,” said Justin Ho, co-founder and CEO of rideOS. “We see this as a unique opportunity to scale our culture, values, team, products and technology, with a company at the forefront of defining the Instant Needs economy. Given Gopuff’s exponential growth, we expect to significantly increase our headcount by the end of this year, expanding our presence in Silicon Valley, Pittsburgh, and Berlin.”

Gopuff and rideOS are each currently seeking senior software engineers focused on optimization, routing, and maps, backend engineers, product managers, data scientists and product designers in Berlin, San Francisco and Pittsburgh. rideOS was created by mapping and ride-hailing pioneers from Uber, Google, Apple and other companies.

rideOS raised about $34 million in funding since it was founded. It closed a $25 million Series B in August 2018. The round was led by Next47, a Siemens-backed global venture firm.

“rideOS represents an essential part of the next-generation mobility stack, connecting the software, hardware, and infrastructure that are necessary to deploy self-driving technology at scale,” Lak Ananth, CEO and Managing Partner at Next47, said after the Series B round was raised. “Digital tools and resources like rideOS’ mobility platform will help transform the transportation landscape in cities across the globe, ushering in a new era of sustainability and efficiency. We believe our investment in rideOS, and the power of Siemens behind us, will help accelerate progress towards this goal.”

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Source: therobotreport

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