# KlearNow

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/klearnow

- Industry: Software
- Headquarters: Santa Clara, US
- Website: www.klearnow.com
- Total disclosed funding: $66M
- Latest round: Series B (Dec 10, 2021)
- Investors on record: 6

## About

KlearNow is a technology firm specializing in AI-driven solutions to enhance logistics and supply chain efficiency, primarily for the global trade sector.Founded in 2018 by Rick Tellez and Sam Tyagi, KlearNow operates from Santa Clara, US. The company raised USD 50 mn in its Series B funding round on December 10, 2021, led by Kayne Anderson Capital Advisors, with participation from Activate Capital, Argean Capital, Autotech Ventures, GreatPoint Ventures, and Monta Vista Capital. This funding round brought the total amount raised to USD 50 mn, reflecting the company's focus on technology development without mentioning any prior pivots or subsidiaries.KlearNow.AI offers an advanced suite of AI-powered solutions designed to streamline logistics and supply chain operations within the global trade sector. The core product offerings include KlearHub, an intelligent supply chain co-pilot that enhances operational efficiency; KlearEngine, which automates trade document processing; KlearCustoms, a digital customs clearance service utilizing AI and machine learning technologies; and KlearDray, which focuses on drayage transparency and collaboration. These products address critical pain points in the industry, such as the fragmented nature of global trade, complexity in documentation, and the need for improved compliance and visibility. KlearNow.AI serves importers, exporters, freight forwarders, and customs brokers, providing solutions that empower clients to optimize processes and improve customer service across North America, Europe, and Asia-Pacific.KlearNow.AI generates revenue through a subscription-based model that includes tiered pricing plans for their various AI-powered services. Clients typically enter into service agreements that may involve monthly or annual subscriptions, allowing them to access the full suite of products tailored to their operational needs. For example, a customs broker might subscribe to KlearCustoms for automated customs clearance while also utilizing KlearHub for enhanced supply chain management. The pricing structure reflects the value provided by these services, fostering long-term partnerships and enhancing client retention as businesses leverage KlearNow.AI's technologies to streamline logistics and compliance efforts.KlearNow plans to utilize the USD 50 mn raised in its Series B funding round to accelerate technology development, geographical expansion, and talent investments. The company aims to enhance its product offerings and expects to launch new solutions in the near term, although specific release dates are not disclosed. Additionally, KlearNow is focusing on expanding into new markets with particular emphasis on North America, Europe, and Asia-Pacific, with strategic goals for growth set in the coming years.

## Funding rounds

- Series B, Dec 10, 2021, $50M — GreatPoint Ventures, Kayne Anderson Capital Advisors, Autotech Ventures, Monta Vista Capital, Activate Capital, Argean Capital
- Series A, May 1, 2020, $16M — GreatPoint Ventures, Autotech Ventures, Monta Vista Capital, Argean Capital

## Investors

- GreatPoint Ventures (https://capitalatlas.ai/funds/greatpoint-ventures) — Series A, Series B
- Autotech Ventures (https://capitalatlas.ai/funds/autotech-ventures) — Series A, Series B
- Monta Vista Capital (https://capitalatlas.ai/funds/monta-vista-capital) — Series A, Series B
- Argean Capital (https://capitalatlas.ai/funds/argean-capital) — Series A, Series B
- Kayne Anderson Capital Advisors (https://capitalatlas.ai/funds/kayne-anderson-capital-advisors) — Series B
- Activate Capital (https://capitalatlas.ai/funds/activate-capital) — Series B