SemiCab Partners with Provisi.ai to Drive U.S. SaaS Revenue Growth

Rhea-AI Summary

Algorhythm Holdings (NASDAQ: RIME) announced on December 5, 2025 that SemiCab executed a joint sales and marketing agreement with Provisi.ai to support the U.S. launch of SemiCab’s new Apex SaaS freight orchestration platform.

Provisi.ai provides direct access to dozens of U.S. Fortune 500 targets and a history of large multi-year SaaS contracts. SemiCab estimates the U.S. full-truckload TAM at $450 billion and says roughly $150 billion of annual shipping spend is wasted on empty miles; SemiCab claims Apex can eliminate 70% of that waste, implying up to $100 billion in potential annual savings to U.S. shippers.

Positive

• Executed joint sales and marketing agreement with Provisi.ai on December 5, 2025
• Provisi.ai provides access to dozens of U.S. Fortune 500 target clients
• Company cites U.S. FTL addressable market of $450 billion

Negative

• Projected $100 billion annual savings stated as company estimate, not a guaranteed result

Key Figures

Multi-year SaaS contract $45 million Contract with large airframe manufacturer cited for Provisi.ai track record

Multi-year SaaS contract $45 million Contract with U.S.-based steel company cited for Provisi.ai track record

Multi-year SaaS contract $21 million Contract with Delta Air Lines in joint venture with Gategourmet

Largest single contract $100 million per year Single contract with undisclosed U.S. defense contractor

U.S. FTL TAM $450 billion Estimated size of U.S. full-truckload total addressable market

Empty-mile waste $150 billion Estimated U.S. annual shipping spend wasted on empty miles

Empty-mile share 30-35% Portion of U.S. annual shipping spend wasted on empty miles

Waste reduction potential 70% SemiCab’s claimed ability to eliminate waste from empty miles

Market Reality Check

$1.47 Last Close

Volume Volume 13,482 is far below the 20-day average of 409,385, suggesting limited pre-news participation. low

Technical Shares trade below the 200-day MA ($1.47 vs $2.32) and sit far under the $67.72 52-week high.

Peers on Argus

RIME gained 3.68% while key peers like BOXL (+10.46%) and WLDS (+3.16%) also rose, but momentum scanners show no coordinated sector move, pointing to a company-specific story.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Nov 24	Customer expansion	Positive	+9.0%	SemiCab secured a Marico contract expansion worth about $3M annualized revenue.
Nov 19	Earnings highlight	Positive	-23.2%	Q3 2025 revenue jumped to $1.7M, up 1,273% YoY with cost improvements.
Nov 19	Full earnings release	Positive	-23.2%	Detailed Q3 results showed rapid SemiCab growth and Apex launch progress.
Nov 17	Earnings scheduling	Neutral	-1.0%	Company set the Q3 2025 earnings date and conference call logistics.
Nov 13	Product launch	Positive	-17.8%	SemiCab introduced the Apex AI logistics SaaS platform targeting a $450B FTL market.

Pattern Detected

Recent positive AI/SaaS milestones often faced selling pressure, especially around earnings and major product launches.

Recent Company History

Over the last few months, Algorhythm has rapidly transformed into an AI-driven logistics and SaaS company. Key steps included the launch of SemiCab’s Apex platform on Nov 13, 2025, record Q3 revenue of $1.7M reported on Nov 19, 2025, and a multi‑million‑dollar Marico contract expansion adding about $3M annualized revenue on Nov 24, 2025. Despite these positive fundamentals, several of those announcements saw negative price reactions, making today’s partnership news another test of that pattern.

Market Pulse Summary

The stock is surging +12.9% following this news. A strong positive reaction aligns with Algorhythm’s strategy of scaling SemiCab’s AI logistics platform through high‑value enterprise channels. This partnership adds a proven SaaS sales partner with Fortune 500 access to the earlier Apex launch and recent multi‑million‑dollar contract wins. However, prior news saw mixed follow‑through, and the company’s filings highlight ongoing financing and going‑concern risks that could cap gains if execution or capital access falter.

Key Terms

saas technical

"Best-in-Class SaaS Sales Partner Brings SemiCab Access to Dozens"

SaaS, or Software as a Service, is a way of delivering computer programs over the internet, allowing users to access and use them through a web browser without needing to install or maintain the software themselves. For investors, it highlights a business model where companies generate recurring revenue by providing ongoing access to their software, often leading to predictable income and growth potential.

tms technical

"transportation management solutions (“TMS”) and can improve and benefit"

Transcranial magnetic stimulation is a noninvasive medical treatment that uses brief magnetic pulses to stimulate specific areas of the brain, similar to tapping a circuit to reset its activity. Investors watch TMS because approvals, clinical trial results, or wider insurance coverage can open large markets for devices and services, affecting revenue and growth prospects for companies developing or delivering the therapy.

total addressable market financial

"The U.S. full-truckload (“FTL”) total addressable market is very substantial"

Total addressable market is the total potential sales opportunity for a product or service if it were to reach every possible customer. It helps investors understand the maximum size of the market and the growth potential for a business. Think of it as the entire pie available to be shared, indicating how big the opportunity could be.

AI-generated analysis. Not financial advice.

Best-in-Class SaaS Sales Partner Brings SemiCab Access to Dozens of Fortune 500 Clients

Fort Lauderdale, FL, Dec. 05, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (“Algorhythm”) (NASDAQ: RIME) – a leading AI technology company, today announced that SemiCab has executed a joint sales and marketing agreement with Provisi.ai, an industry leading boutique SaaS marketing firm with direct access to an extensive list of U.S.-based Fortune 500 clients and prospects. The new marketing partnership is expected to play an instrumental role in the launch of SemiCab’s new Apex SaaS platform that brings SemiCab’s proven AI-driven collaborative freight orchestration technology to U.S.-based 3PLs and enterprise shippers.

Provisi.ai, founded and led by Shane Engle, has extensive experience winning and executing complex SaaS product launches within the US Fortune 500 market. Over the past 15 years, Mr. Engle has delivered several exceptionally large and successful SaaS success stories, including a $45 million multi-year contract with a large airframe manufacturer, a $45 million multi-year contract with a U.S.-based steel company, and a $21 million multi-year contract with Delta Air Lines in a joint venture with Gategourmet. His largest single contract was for $100 million per year with an undisclosed U.S. defense contractor. Beyond these landmark transactions, Provisi.ai routinely wins smaller multimillion dollar contracts, including wins with GE Power and UPS.

“We are delighted to partner with Mr. Engle and Provisi.ai,” stated Ajesh Kapoor, CEO of SemiCab. “The U.S. full-truckload (“FTL”) total addressable market is very substantial, roughly $450 billion today. This is a target rich environment that Provisi.ai has a deep track record successfully penetrating time and time again. We are all very excited to launch our joint marketing effort together and intend to swiftly get the word out to critical decision markets at some of the largest shippers in the U.S. that SemiCab Apex can have a significant and lasting impact on their operations.”

“Provisi.ai is pleased to partner with SemiCab to bring a large, quantifiable value proposition to companies who have considerable FTL spend and would benefit by dramatically reducing empty miles, while simultaneously increasing profitability and top line growth”, stated Shane Engle, Founder of Provisi.ai. “Provisi.ai has the critical access to executive level leadership and an extensive rolodex of Fortune 500 target clients, and we are excited to deliver SemiCab’s value proposition to the market.”

Apex: Redefining How Freight Networks Compete

SemiCab Apex extends the company’s AI-driven orchestration engine—originally deployed under the National Digital Freight Exchange of India—to the US market. This powerful new tool enables enterprise-level supply chains to predict, plan, and profit with precision. Designed as a system of intelligence for freight, Apex helps logistics networks move beyond modest incremental efficiency toward true AI-enabled orchestration and margin expansion. This solution is designed to augment and complement existing, complex transportation management solutions (“TMS”) and can improve and benefit almost any existing enterprise software ecosystem for even the largest global shippers.

Traditional TMS optimizes visible demand. SemiCab Apex goes further – forecasting and orchestrating both visible and predicted demand across entire freight ecosystems. Through Apex, 3PLs and enterprise shippers can:

• Launch their own branded logistics operating system, embedding SemiCab’s AI models, dashboards, and APIs as their core orchestration layer.
• Create collaborative, multi-party freight networks, reducing empty miles and unlocking shared efficiencies.
• Integrate seamlessly with existing TMS, WMS, and telematics systems via open APIs.
• Leverage predictive analytics and benchmarking to identify cost savings, improve yield per lane, and reduce emissions.

“SemiCab Apex solves one of the biggest cost issues in logistics today – empty miles, needless downtime, and frustrating shipping errors and delays,” added Mr. Kapoor. “Approximately $150 billion, or 30-35%, of U.S. annual shipping spend is wasted on empty miles alone. SemiCab has a demonstrated capability to eliminate 70% of this waste through its proven, AI-driven technology, offering U.S. shippers the opportunity to save upwards of $100 billion annually.”

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 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

What did Algorhythm (RIME) announce on December 5, 2025 about SemiCab?

Algorhythm said SemiCab signed a joint sales and marketing agreement with Provisi.ai to support the U.S. launch of the Apex SaaS platform.

How large is the U.S. full-truckload market cited by SemiCab (RIME)?

SemiCab estimates the U.S. full-truckload total addressable market at $450 billion.

What savings does SemiCab claim Apex can deliver for U.S. shippers (RIME)?

SemiCab states Apex can eliminate 70% of empty-mile waste, implying up to $100 billion in potential annual savings.

What capability does Provisi.ai bring to SemiCab’s Apex launch (RIME)?

Provisi.ai brings direct access to dozens of Fortune 500 clients and experience winning large multi-year SaaS contracts.

What does SemiCab Apex do and who is it for (RIME)?

Apex is an AI-driven orchestration layer for 3PLs and enterprise shippers that forecasts demand, reduces empty miles, and integrates with existing TMS and telematics.

Did Algorhythm disclose any signed Fortune 500 customer contracts tied to the partnership (RIME)?

The announcement describes Provisi.ai’s client access and past wins but does not disclose new signed Fortune 500 customer contracts for SemiCab.