Kargo, an industrial AI company for supply chain and logistics, has raised $42 million in Series B funding.
Investors
The round was led by Avenir, with participation from Linse Capital, Hearst Ventures, Lightbank, and previous investors Matter Venture Partners and Sozo Ventures.
Avenir Growth is a growth equity firm that takes a first-principles–based approach to identify large markets undergoing disruption and seeks to back companies best positioned to take advantage of these changes. The firm specializes in Series B, C, and late-stage growth investments.
Kargo Use of Funds
The funding will accelerate deployment of Kargo’s AI platform across warehouses and logistics centers, expand enterprise customer adoption, and enhance its agentic AI applications for back-office workflows.
About Kargo
Founded in 2019, Kargo is an industrial AI companythat automates warehouse and supply chain operations using computer vision and integrated hardware sensors. Its solutions, including Kargo Towers and lifts, collect freight data, verify shipments, flag issues, and update inventory directly in customer systems. The platform also optimizes dock scheduling, driver check-ins, and labor allocation, reducing manual effort. Kargo Intelligence extends automation to invoicing, claims management, financial reconciliation, and customer service. Headquartered in San Francisco, California, Kargo’s mission is to create a universal interpreter for supply chains by using computer vision to connect the physical world of freight to the digital systems used to manage it.
Funding Details
Company: Kargo, Inc.
Raised: $42.0M
Round: Series B
Funding Date: December 2025
Lead Investor: Avenir
Additional Investors: Linse Capital, Hearst Ventures, Lightbank, Matter Venture Partners, Sozo Ventures
Company Website: https://www.kargo.ai/
Software Category: Industrial AI / Supply Chain & Logistics Automation
Source: https://www.businesswire.com/news/home/20251222521900/en