AI Meets the Warehouse Loading Dock: Kargo Raises $42 Million

Group 1 - Kargo has successfully closed a $42 million Series B funding round, led by Avenir Growth with participation from several investors [1][2] - This funding will be utilized to enhance real-time inventory data infrastructure across warehousing and logistics operations [3] - Kargo's technology automates shipping and receiving processes at loading docks, turning them into sources of accurate, actionable data for better decision-making [3] Group 2 - The system employs hardware computer vision sensors to automate operations without manual intervention, capturing various data points such as barcodes and cargo dimensions [4] - It automatically inspects freight for damage, verifies shipments, and provides real-time inventory data to customers' systems [5] - Kargo has expanded its customer base from three to over 45 since its previous funding round, deploying more than 1,000 towers nationwide [6]