TECH - RailState Raises $4M to Expand Network Leverage AI for Rail Industry | Benzinga
RailState, a company that offers real-time measuring of rail capacity and performance in North America, announced on Tuesday $4 million in new funding to expand its network and bring AI-powered insights to the rail industry.
According to a press release from the company, the $4 million investment was led by a group of private equity and industrial executives with deep experience in information services, SaaS and engineering services. The funds will be used for the strategic expansion of RailState's network coverage, including along the U.S.-Mexico border, and product investments to provide customers with accurate, real-time rail network information.
Quincy, Massachusetts-headquartered RailState was founded in 2021 ...