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

ASRY Hosts First Innovation Forum with Lumofy

Cavotec Launches Mobile Shore Power System

MPA and NYK Collaborate on Autonomous Ship Technology

Current News

Guinea Exports Record 48.6 Million Tons of Bauxite

ASRY Hosts First Innovation Forum with Lumofy

Osbit Opens New Offshore Wind Facility in Port of Blyth

Red Sea Bypass Contributed to Containers Lost in 2024

Subscribe for Maritime Logistics Professional E‑News