ULY

Urgent.ly Inc. (NASDAQ:ULY) is a technology company that operates a software platform for on-demand roadside assistance services. Founded in 2013 and headquartered in Vienna, Virginia, the company went public in October 2023. Urgent.ly connects drivers in need of roadside assistance with nearby service providers through its proprietary platform that combines location-based services, real-time data, artificial intelligence, and machine-to-machine communication. The company has experienced significant operational challenges since its IPO, implementing substantial cost-cutting measures including a 50% workforce reduction over the past year while working toward achieving operational breakeven.