Riyadh Valley Company -the investment arm of King Saud University -announces its investment in TruKKer company during their third financing round in which the company has revealed.
Trukker is a specialized logistic company with a digital freight network that simplifies road freight and logistics operations across artificial intelligence (AI), machine learning (ML) and innovative technology by initiating, designing, and developing all data analysis tools and processes. TruKKer has improved a software ecosystem which offers an added value to shippers and carriers at different levels. TruKKer also utilizes load prediction algorithms and consumer behavior in various market segments to enhance fleet efficiency.
Dr. Khaled Al-Saleh, CEO of Riyadh Valley Company, stated in this regard: “Investing in logistics sector is one of Riyadh Valley’s goals, especially in a company like TruKKer, which is operating in a sector valued about $7.5 trillion in 2020 and expected to grow to $8.6 trillion by 2023.”
Riyadh Valley Company investment in TruKKer aims to capitalize in knowledge-based companies locally and globally. In addition to build a balanced investment portfolio that supports the goals of King Saud University and the Kingdom’s Vision 2030 in the field of knowledge economy.