Kargo Raises $18.4 Million to Develop AI-Powered Products for Supply Chains
· Source: pymnts.com
In short
Kargo has secured $18.4 million in funding to develop AI-powered products aimed at enhancing supply chain operations. The company's solutions, including Kargo Towers and Kargo Lifts, use AI-powered cameras to monitor freight labels and product conditions, improving inventory management. The investment will support the expansion of Kargo's customer base and the development of new data-connected supply chain products.
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In the issue of week 23, 2025: Amazon and AI Drive Next-Gen Supply Chain Resilience and Sustainability
Tags: supply chain, inventory, AI, funding, logistics, automation