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Kargo Raises $42M in Series B Funding
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Kargo, a San Francisco, California-based provider of industrial artificial intelligence technology for supply chain and logistics, raised $42M in Series B funding.
The round was led by Avenir Growth, with participation from Linse Capital, Hearst Ventures, Lightbank, Matter Venture Partners, and Sozo Ventures.
The round was led by Avenir Growth, with participation from Linse Capital, Hearst Ventures, Lightbank, Matter Venture Partners, and Sozo Ventures.
The company intends to use the funds to roll out Kargo Intelligence, a platform for automating back-office workflows like invoicing and claims dispute.
Led by founder and CEO Sam Lurye, Kargo develops a universal interpreter for supply chains that uses computer vision and physical towers to verify inbound and outbound freight in real-time without manual scanning.
The company has tripled its annual revenue from 2024 to 2025, expanded its customer base to more than 45 Fortune 500 companies—including Mercedes-Benz, Tillamook, and Wayne-Sanderson—and has deployed over 1,000 towers.
source[FinSMEs]
Led by founder and CEO Sam Lurye, Kargo develops a universal interpreter for supply chains that uses computer vision and physical towers to verify inbound and outbound freight in real-time without manual scanning.
The company has tripled its annual revenue from 2024 to 2025, expanded its customer base to more than 45 Fortune 500 companies—including Mercedes-Benz, Tillamook, and Wayne-Sanderson—and has deployed over 1,000 towers.
source[FinSMEs]
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