Provides an AI-powered yard management system that uses computer vision and cloud-based technology to automate trailer, container, and chassis tracking, enabling real-time inventory reporting and damage detection. This system eliminates manual check-ins, reduces yard search times, and ensures compliance with Indirect Source Rule 2305, improving operational efficiency for 3PLs, drayage, and warehousing industries.
Funding
$9.2M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+1Founders
Product
Problem
Manual yard management processes lead to inefficiencies in tracking trailers, containers, and chassis, resulting in wasted time searching for assets and potential data errors. This lack of real-time visibility hinders asset utilization, elevates operational costs, and complicates compliance with regulations such as Indirect Source Rule 2305.
Solution
NavTrac provides an AI-powered yard management system that automates the digitization of assets entering and exiting facilities. The system uses computer vision and optical character recognition (OCR) to capture a 360° view of trailers, containers, tractors, and chassis, creating a digital record of each asset. This visual data is then analyzed to provide real-time inventory reporting, track asset dwell times, and proactively detect damage. By eliminating manual check-ins and physical yard checks, NavTrac streamlines operations, improves data accuracy, and ensures compliance with environmental regulations.
Target Audience
NavTrac primarily serves asset-based 3PLs, drayage companies, parking and container depots, port terminals, and distribution and warehousing centers.
Features
- AI-powered cameras capture a 360° view of all assets entering and exiting the yard.
- Optical Character Recognition (OCR) technology extracts alphanumeric data from assets.
- Real-time inventory reporting provides up-to-the-minute visibility of yard contents.
- Automated damage detection identifies and records asset damage with time-stamped images.
- Driver check-in and dock management streamlines gate operations.
- Reporting tools track trends, historical volumes, and asset dwell times.
- Compliance reporting ensures adherence to Indirect Source Rule (ISR) 2305.