Smart loading dock startup Kargo lands $6 million seed round
Smart loading dock tech startup Kargo announced Thursday it closed on a $6 million seed round. The round was led by Founders Fund and included Sozo Ventures, Accomplice and Hanover as well as technology executives.
The San Francisco-based company’s loading dock control tower, Argus, verifies incoming and outgoing freight and aggregates data, which allows shippers and carriers to manage dock operations.
The autonomous system uses sensors and cameras to scan shipping labels and verify the freight on the dock against the advanced shipping notice. Users are notified of discrepancies and have the ability to swap out supplies in real time.
“We are deeply grateful for their support and leadership as we team up to bring safety and efficiency to the logistics industry,” said Sam Luyre, founder and CEO, in a statement.
Kargo plans to use the funds to invest in operations, product development and to accelerate expansion both domestically and abroad. The company also plans to add senior leadership positions in engineering, computer vision and product design and management.