From Pulse 2.0 · Amit Chowdhry · · 40s
Garage Raises $41M for AI Equipment Marketplace
Garage's $41 million Series B funding expands AI-powered marketplace for fire engines and heavy equipment.
In brief
Garage's $41 million Series B funding expands AI-powered marketplace for fire engines and heavy equipment. Garage, an AI platform for municipal equipment sales, secured $41 million to scale after helping communities save over $100 million. Originally reported by Pulse 2.0.
Funding Round
Garage secured $41 million in Series B funding after surpassing $100 million in annual sales.
Funding Participants
Invus Opportunities led the round with participation from Infinity Ventures, Initialized Capital, Y Combinator, Benchstrength, and FJ Labs.
Funding Use
The company will hire employees and expand into public works and sanitation categories.
Marketplace Impact
Garage helps communities save over $100 million through higher resale values and used equipment access.
Here's the gist
Garage, an AI platform for municipal equipment sales, secured $41 million to scale after helping communities save over $100 million.
