Singing machine to acquire semicab, a leading ai logistics technology company

Semicab generated $6 million revenue in 2023 fort lauderdale, fl, june 12, 2024 (globe newswire) -- the singing machine company, inc. (“singing machine”) (nasdaq: mics) – the worldwide leader in consumer karaoke products, today announced it has executed a definitive agreement to acquire semicab, inc. (“semicab”), a leading artificial intelligence technology company that optimizes freight for fortune 1000 clients in the us and indian markets. semicab's ai technology was developed specifically to build a hyper-efficient trucking network that operates at a 90%+ utilization level, well above the industry standard of 65%.
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