Cargofy Secures $11M Series A Funding for AI Logistics Expansion
Cargofy has successfully raised $11 million in Series A funding, aimed at enhancing AI-driven logistics solutions. The investment will facilitate the company's international growth and development of AI infrastructure for logistics operations.
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Cargofy has raised $11 million in a Series A funding round, including $6 million in primary capital and $5 million in secondary transactions. Led by u.ventures, Toloka, and Movens Capital, the round also saw participation from angel investors.
The funding will enable the company to expand internationally, launching operational hubs in Germany, the Netherlands, France, Spain, and parts of the United States. Cargofy aims to enhance its AI capabilities, extending automation from customer-facing tasks to back-office operations. This strategic move could transform workforce efficiency in logistics, potentially increasing revenue per employee substantially.
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