Kargo
Offers a smart loading dock to make operations intuitive and responsive using computer vision.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor | €0.0 | round |
| investor investor investor investor | €0.0 | round | |
| investor investor investor investor investor investor investor | €0.0 | round | |
| investor | €0.0 | round | |
* | $18.4m Valuation: $125m | Early VC | |
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 |
| % growth | - | 293 % | 70 % |
| EBITDA | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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Kargo, accessible via mykargo.com, is a forward-thinking startup revolutionizing the logistics and supply chain industry. Founded by Sam Lurye, Kargo leverages cutting-edge computer vision technology to capture real-time freight data, transforming traditionally opaque loading docks into transparent, data-rich environments. This innovation allows businesses to gain end-to-end visibility of their supply chains, enabling them to make more informed decisions and optimize operations.
Kargo primarily serves businesses that rely heavily on logistics and supply chain management, such as large automotive suppliers like Yazaki. By providing accurate and actionable data, Kargo helps these companies identify trends, allocate labor more efficiently, and resolve freight claims by automatically inspecting for damage and verifying shipments against Bills of Lading (BOL).
Operating in the logistics and supply chain market, Kargo's business model revolves around offering a subscription-based platform. This platform integrates seamlessly with existing inventory systems, providing continuous improvement opportunities through data-driven insights. The company generates revenue through these subscriptions, which grant clients access to its advanced computer vision systems and data analytics tools.
In 2021, Kargo secured $25 million in Series A funding led by Sozo Ventures, which has been instrumental in scaling its operations and enhancing its technology. This funding has also enabled Kargo to build network effects for its clients, further closing information gaps in critical supply chains, such as those in the food industry.
Kargo's commitment to innovation and customer value is evident in its collaborative company culture and its focus on developing technology that delivers tangible benefits. By turning loading docks into new sources of information, Kargo is helping businesses build stronger relationships with their customers and achieve greater efficiency.
Keywords: logistics, supply chain, computer vision, real-time data, freight optimization, inventory systems, Series A funding, labor allocation, damage inspection, data analytics.