One comparison I keep coming back to is how AI logistics infrastructure is valued once the market believes it is essential. Companies like Symbotic and Honeywell are treated as critical supply chain infrastructure because their automation and optimization tools directly improve efficiency and reduce cost at scale.
SemiCab’s economics point in the same direction, even if the company is much smaller. In investor materials, SemiCab shared a case study covering 173.5K loads, 143M miles, and $340M in transport spend, reporting 11.7M miles saved and $28.5M in annualized cost savings, with up to $100M in potential savings identified (source type: company investor presentation). That kind of ROI is infrastructure-like in impact, not experimental.
The Dec 22, 2025 recap then added public evidence of scale, with management stating ARR rose 220% from $2.5M in January to over $8M by December and citing $15M forward ARR tied to existing contracts and expansions (source type: company press release). Yet valuation still reflects caution as if none of this is proven.
Do you think the market only assigns infrastructure-style multiples once a company is large, or can that perception shift earlier when ROI is clearly demonstrated?
Do your own DD too.