Freight Data Automation Platform Kargo Raises $18.4M

Supply Chain
Written By Rick Watson

Kargo.ai is an AI-driven logistics startup focused on inventory management. They specialize in providing solutions that improve supply chain visibility and efficiency, particularly through their hardware deployments.

Industrial artificial intelligence and computer vision platform Kargo.ai announced that it has raised $18.4 million, which will be invested in product development and marketing. Kargo utilizes hardware to scan data found within warehouses, automating freight data capture and verification.

PYMNTS: Kargo Raises $18.4 Million to Develop AI-Powered Products for Supply Chains

Rick Watson

Rick Watson founded RMW Commerce Consulting after spending 20+ years as a technology entrepreneur and operator exclusively in the eCommerce industry with companies like ChannelAdvisor, BarnesandNoble.com, Merchantry, and Pitney Bowes.

Watson’s work today is centered on supporting investors and management teams incubating and growing direct-to-consumer businesses. Most recently, in partnership with WHP Global, Rick was a critical resource in architecting the WHP+ platform, a new turnkey direct to consumer digital e-commerce platform that powers AnneKlein.com and JosephAbboud.com.

Watson also hosts a weekly podcast, Watson Weekly, where he shares an unbiased, unfiltered expert take on the retail sector’s biggest players.

In the past year alone, Rick has spoken at many in-person and virtual events as well as podcasts on topics ranging from retail/ecom to supply chain/logistics and even digital grocery including CommerceNext IRL, ASCM Connect, and Retail Innovation Conference.

https://www.rmwcommerce.com/
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