- Kargo to smarten up loading docks for the coming wave of autonomy.
- The company mounts physical sensor towers to a loading dock.
- The accompanying software platform takes in all of its data.
- It raises $6 million in seed money.
Kargo Technologies is a full-stack logistics platform, connecting shippers with truckers. Kargo Technologies is a freight logistics marketplace covering the entire Indonesian archipelago. The Company enables shippers, transporters, and truckers to connect, transact and track shipments in real-time on a platform, which they can access via the website and mobile app.
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San Francisco-based Kargo to build out the senior leadership team
Smart loading dock tech startup Kargo announced Thursday it closed on a $6 million seed round. The round was led by Founders Fund and included Sozo Ventures, Accomplice, and Hanover as well as technology executives.
The San Francisco-based company’s loading dock control tower, Argus, verifies incoming and outgoing freight and aggregates data, which allows shippers and carriers to manage dock operations. The autonomous system uses sensors and cameras to scan shipping labels and verify the freight on the dock against the advanced shipping notice. Users are notified of discrepancies and have the ability to swap out supplies in real-time.
Loading docks are ubiquitous, and so are their problems. Bottlenecks are common with the average truck waiting two and half hours to be loaded or unloaded at the dock. For every 15 minutes that the truck waits beyond that average dwell time, the chance of a crash later on in the route increased by 6.2%, according to a study by the U.S. Department of Transportation.
Kargo And Its Funding
Kargo plans to use the funds to invest in operations, product development and to accelerate expansion both domestically and abroad. The company also plans to add senior leadership positions in engineering, computer vision, and product design and management.
The 2019 startup serves a mix of industrial customers, which include large auto manufacturers and third-party logistics providers. Kargo has demonstrated an extraordinary understanding of logistics infrastructure, and industry overlooked by the tech sector.
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