YourInfoDaily
How Much Did Kargo Raise in Its Series B, and Who Led It?
Avenir Growth led the $42M round for the industrial AI company in December 2025.
Kargo raised $42 million in Series B funding, and Avenir Growth led the round. Kargo is a San Francisco-based provider of industrial artificial intelligence technology for supply chain and logistics.
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]
What does Kargo do?
Kargo provides industrial AI technology for supply chain and logistics companies. Its platform, Kargo Intelligence, automates back-office workflows such as invoicing.
Who else invested in the round?
Linse Capital, Hearst Ventures, Lightbank, Matter Venture Partners and Sozo Ventures participated alongside Avenir Growth.
What is the funding for?
The company intends to use the funds to roll out Kargo Intelligence.
Quick answers
How much did Kargo raise? $42 million in Series B funding.
Who led the round? Avenir Growth.
What is Kargo Intelligence? A platform for automating back-office workflows like invoicing.