CosmicTaco

Ex-Amazon CEO Dave Clark Raises $100M for AI Supply Chain Venture

CosmicTaco · 2024-10-08T19:13:21.059639+05:30

- Dave Clark, former CEO of Amazon's worldwide consumer division, has launched a new company, Auger, with a $100 million seed round led by Oak HC/FT. - Auger aims to develop an AI-powered tool for supply chain-dependent businesses, integrating with existing inventory management platforms to provide real-time insights. - Clark's move comes after a tumultuous period at Flexport, where he was pressured to resign over accusations of mismanagement. - Despite the crowded market, Clark believes Auger's use of AI and machine learning to generate real-time insights sets it apart. - Auger is yet to secure customers or generate revenue, with more information about its product roadmap expected in the coming months. Source: [Techcrunch](https://techcrunch.com/2024/10/08/dave-clark-formerly-of-amazon-and-flexport-just-landed-100m-for-new-supply-chain-venture/)

Dave Clark, former CEO of Amazon's worldwide consumer division, has launched a new company, Auger, with a $100 million seed round led by Oak HC/FT.
Auger aims to develop an AI-powered tool for supply chain-dependent businesses, integrating with existing inventory management platforms to provide real-time insights.
Clark's move comes after a tumultuous period at Flexport, where he was pressured to resign over accusations of mismanagement.
Despite the crowded market, Clark believes Auger's use of AI and machine learning to generate real-time insights sets it apart.
Auger is yet to secure customers or generate revenue, with more information about its product roadmap expected in the coming months.

Source: Techcrunch