Former Amazon Exec's Supply Chain Startup raises $100 Million

Wednesday, October 9, 2024

Former Amazon.com Consumer CEO Dave Clark said on Tuesday his new software supply chain management startup Auger has raised over $100 million in private equity funding from Oak HC/FT and others.

Auger will provide a software-as-a-service platform which uses an artificial intelligence operating system along with automation to provide real-time data and insights to firms to ease supply chain pressures.

Before starting Auger, Clark was a part of the top brass at Amazon, responsible for turning the company he worked at for 23 years into a worldwide delivery behemoth.

Clark also briefly served as the CEO of Flexport which provides data and supply chain logistics to manage orders and shipping.

Auger said it will unveil more about its product roadmap in the next few months.


(Reuters - Reporting by Zaheer Kachwala; Editing by Krishna Chandra Eluri)

Categories: Technology Finance Logistics Software

Related Stories

Cavotec Signs 1.77m Shore Power Order for Port of Antwerp-Bruges Cruise Terminal

MPA and NYK Collaborate on Autonomous Ship Technology

Singapore and France Partner on Bio-LNG

Current News

Imports drop 9% at Los Angeles Port in May Under 145% Tariffs on China

Commodity Report: Scramble to Import Copper Creates Market Imbalance

Charge It: ‘Electrification’ Momentum Mounts in Maritime

Nibulon to Export 1 Million Tons of Grain Via Black Sea Port of Chornomorsk

Subscribe for Maritime Logistics Professional E‑News