SemiCab Appoints New VP of US Sales for its AI Logistics Software

Rhea-AI Summary

Algorhythm Holdings (NASDAQ: RIME) announced that SemiCab has appointed Michael Silvagni as VP of US Sales effective Oct 13, 2025. Silvagni will lead and expand SemiCab’s US sales team and manage enterprise SaaS and AI‑enabled logistics deals.

The company said Silvagni brings 15+ years of logistics and SaaS sales experience and a track record of winning multi‑million‑dollar contracts. SemiCab is preparing multiple AI logistics products for US launch and plans to leverage the expanded sales team to increase truckload utilization, capture market share, and scale growth after recent expansion in India.

Seasoned Technology/Logistics Sales Veteran Brings Deep US Market Expertise Ahead of New Product Launches

Fort Lauderdale, FL, Oct. 13, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (“Algorhythm”) (NASDAQ: RIME) – an AI technology company, today announced its subsidiary, SemiCab Holdings, LLC (“SemiCab”) has appointed Michael Silvagni as its new VP of US Sales. Michael will be responsible for managing an existing and expanding team dedicated primarily to the US market.

Mr. Silvagni has more than 15 years of demonstrated track record in positions of increasing responsibility in high-growth disruptive technology sales, primarily in the logistics space. Michael’s sales pedigree includes extensive software-as-a-service (“SaaS”) sales, including AI-enabled logistics solutions for technology companies in Silicon Valley and throughout the country. Michael is well versed in enterprise-level sales cycles, winning multiple multi-million-dollar client contracts for companies in similar stages of growth as SemiCab.

“We are excited to welcome Michael to our team,” commented Ajesh Kapoor, CEO of SemiCab. “We have prioritize ramping our sales and adding new clients in India for the past 12-15 months. We now have an expanded team in that market that is adding to our strong growth momentum in India. Now, we are excited to do the same in the US with the help of an expanded, seasoned sales team led by Michael.”

"We are in the final stages of preparing multiple AI-enabled logistics solutions for the US market," Kapoor continued. "Based on our study of the market and feedback from our existing clients, we’ve designed new SaaS products that address their evolving needs. With Michael and his team, we are ready to leverage these solutions to optimize truckload utilization in the US market, capture market share, and build a scalable foundation for growth."

About Algorhythm Holdings

Algorhythm Holdings, Inc. is a leading AI technology company focused on the growth and development of SemiCab, an emerging leader in the global logistics and distribution industry. Since 2020, SemiCab has enabled major retailers, brands and transportation providers to address these common supply-chain problems globally. Its AI-enabled, cloud-based Collaborative Transportation Platform achieves the scalability required to predict and optimize millions of loads and hundreds of thousands of trucks. SemiCab uses real-time data from API-based load tendering and pre-built integrations with TMS and ELD partners to orchestrate collaboration across manufacturers, retailers, distributors, and their carriers. SemiCab uses AI/ML predictions and advanced predictive optimization models to enable fully loaded round trips. With SemiCab’s AI platform, shippers pay less and carriers make more without having to change a thing.

For additional information, please go to: http://www.semicab.com

Investor Relations Contact:
Brendan Hopkins
407-645-5295
investors@algoholdings.com
www.algoholdings.com

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as "expects," "anticipates," "believes," "will," "will likely result," "will continue," "plans to," "potential," "promising," and similar expressions. These statements are based on management's current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including the risk factors described from time to time in Algorhythm’s reports to the SEC, including, without limitation Algorhythm’s Annual Report on Form 10-K for the year ended December 31, 2024. You should not place undue reliance on any forward-looking statement, each of which applies only as of the date of this press release. Except as required by law, we undertake no obligation to update or revise publicly any of the forward-looking statements after the date of this press release to conform our statements to actual results or changed expectations, or as a result of new information, future events or otherwise.

FAQ

Who is Michael Silvagni and what role did he take at SemiCab (RIME) on Oct 13, 2025?

Michael Silvagni was appointed VP of US Sales at SemiCab (Algorhythm/NASDAQ: RIME) to lead and expand the US sales team.

What will Michael Silvagni be responsible for at SemiCab (RIME)?

He will manage an existing and expanding US sales team focused on enterprise SaaS and AI‑enabled logistics solutions.

How much experience does SemiCab’s new VP of US Sales have according to the announcement?

The announcement cites more than 15 years of experience in high‑growth logistics and SaaS sales.

What product plans did SemiCab (RIME) disclose alongside the VP of US Sales appointment?

SemiCab said it is in the final stages of preparing multiple AI‑enabled logistics SaaS products for the US market.

How does the appointment of Michael Silvagni fit with SemiCab’s recent geographic expansion?

The company noted an expanded team and growth momentum in India over the past 12–15 months and intends to replicate that expansion in the US.

What sales outcomes does SemiCab expect from the new US sales leadership at RIME?

SemiCab expects the US sales team to help optimize truckload utilization, capture market share, and build a scalable growth foundation using its new AI‑enabled solutions.