DUOS is a technology company.
DUOS has raised $25.0M across 2 funding rounds.
DUOS has raised $25.0M in total across 2 funding rounds.
DUOS has raised $25.0M in total across 2 funding rounds.
DUOS's investors include Accomplice VC, Alabaster, Founder Collective, Foundry Group, Fusion Fund, Primetime Partners, Scale Asia Ventures, SOSV, Stata Venture Partners, Tiger Global Management, Jason Haider, Joi Ito.
Duos Technologies Group, Inc. (NASDAQ: DUOT) is a Jacksonville, Florida-based technology company that designs, develops, deploys, and operates intelligent solutions powered by machine vision and artificial intelligence (AI).[1][3] It builds products like the Railcar Inspection Portal (RIP) for automated, high-speed railcar inspections, truevue360 for AI algorithm deployment in real-time applications, Centraco for enterprise data consolidation, ALIS for gatehouse automation, and obliquevue for advanced undercarriage visualization, serving rail, trucking, aviation, logistics, utilities, and government sectors.[1][2][4][5] These solutions address critical needs in safety, security, inspection, and operational efficiency for fast-moving vehicles and edge environments, with 86 employees and a focus on North American markets.[1][3]
The company demonstrates growth through product launches since 2020 (e.g., obliquevue, truevue360, ALIS, RIP enhancements), recent patents in railcar tech, and a $42 million asset management deal with Fortress Investment Group yielding $42M revenue over two years plus a 5% equity stake.[4][6]
Founded in 1990 (with core operations intensifying post-2001 under Duos Technologies, Inc.), the company emerged from expertise in mission-critical tech, evolving into AI and machine vision specialists.[1][4] Headquartered in Jacksonville, Florida, it grew through wholly-owned subsidiaries like Duos Technologies, Inc., Duos Edge AI, Inc., and Duos Energy Corporation, expanding from rail-focused inspections to broader logistics, edge data centers, and power consulting.[3][4] Key milestones include the 2020 "rapid development" initiative launching obliquevue and truevue360, plus RIP adaptations for mechanical inspections, building early traction with Fortune 500 clients in rail, utilities, and petrochemicals via patented IP.[2][4][6] Current CEO Charles Ferry leads a team of engineers in scalable solutions.[1]
Duos rides the AI-edge computing wave in transportation and logistics, where real-time inspection of high-speed assets addresses rising demands for safety and efficiency amid supply chain strains.[1][2][5] Timing aligns with rail industry digitization, intermodal growth, and utilities' push for automation, fueled by market forces like labor shortages and regulatory safety mandates.[3][4][6] It influences the ecosystem by pioneering undercarriage visualization and gate automation, enabling Fortune 500 scalability and cross-industry adaptation (e.g., petrochemical, healthcare), while Fortress deals signal venture momentum.[6]
Duos is poised for expansion via its Fortress partnership (projected $42M revenue), new patents, and Edge AI/energy ventures, targeting rail modernization and logistics AI.[3][6] Trends like AI-driven predictive maintenance and sustainable transport will propel growth, potentially amplifying influence through IP licensing and global rail adoption. As intelligent inspection becomes table stakes, Duos' full-speed automation positions it to transform North American commerce mobility.[1][5]
DUOS has raised $25.0M across 2 funding rounds. Most recently, it raised $10.0M Venture Round in June 2023.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Jun 1, 2023 | $10.0M Venture Round | Accomplice VC, Alabaster, Founder Collective, Foundry Group, Fusion Fund, Primetime Partners, Scale Asia Ventures, SOSV, Stata Venture Partners, Tiger Global Management, Jason Haider, Joi Ito, Paul Veugen, Scott Belsky | |
| Apr 1, 2022 | $15.0M Series A | Imaginary Ventures, Primetime Partners |