logo
Kargo Raises $18M to Set New Industry Standards for Inventory Management

Kargo Raises $18M to Set New Industry Standards for Inventory Management

Yahoo06-06-2025
Global supply chain leader Armada makes its first strategic investment in Kargo after successful implementation of AI solution across its national network of warehouse hubs
SAN FRANCISCO, June 06, 2025--(BUSINESS WIRE)--Kargo, a leader in industrial artificial intelligence (AI) technology, announced an $18.4 million investment led by Matter Venture Partners, with participation from previous investors Sozo Ventures and Founders Fund, as well as existing customers and new strategic investors Lineage and Armada Supply Chain Solutions, LLC. Kargo also announced the successful rollout of its computer vision solution at 240 Armada dock doors to automate inventory management across the food supply chain provider's national network of warehouse hubs.
"Comprehensive, proprietary data is the key to unlocking the full potential of AI. Kargo has become the trusted provider of inventory data to leading global supply chains. AI plays a critical role in supply chain integrity and we're helping customers across industries build their AI stack to connect their warehouses, back offices and customers," said Sam Lurye, founder and CEO of Kargo. "This capital investment enables Kargo to develop new products that connect supply chain data and rapidly expand our customer base."
Kargo provides Kargo Towers and Kargo Lifts, integrated hardware and software solutions that automate freight data capture and verification. Kargo Towers are installed at warehouse loading docks or gateways, and use AI-powered cameras to gather information on freight labels, cases and product condition. Kargo's LLM structures the image data into coherent inventory information to flag exceptions (i.e. overages, shortages, damage or compliance concerns) in real-time. The Kargo Lift is purpose-built for forklifts and automated guided vehicles (AGVs) and extends Kargo's AI capabilities to a new vantage point.
By providing visual proof of the contents and condition of every pallet, Kargo supplies customers with accurate and timely inventory data. This deep technical moat has resulted in:
7x YoY Customer Growth: serving 25 customers, including Armada, Tyson, Lineage, Tillamook, Utz, Wayne Sanderson, Aurobindo, DB Schenker, and NFI. Currently, Kargo manages over 500 active towers and forklifts in the field.
$200M of Inventory Processed Daily: handling approximately 20,000 pallets per day and 2M scans per week.
215% NRR: customers are quick to adopt, adapt and act on increased visibility to valuable supply chain data, typically doubling Kargo hardware deployments within the first year.
47 days from signature to go-live: Kargo's platform is built on the principles of rapid time-to-value and no change management. Kargo doesn't rely on customers' infrastructure to install their products, introducing minimal change to existing processes.
"Kargo played a critical role in our ability to successfully implement AI in a meaningful way. We were live in under a month, significantly enhancing our inventory management. Our clients – predominantly large, multi-unit restaurant companies – benefited almost immediately from increased accuracy and traceability." said Rick Rover, President of Armada's warehouse division. "Our commitment to reliability, agility, and resilience ensures exceptional service that consistently benefits our clients."
"Kargo is redefining how supply chains operate by making freight data visible, reliable, and actionable at scale," said Haomiao Huang, Founding Partner at Matter Venture Partners. "Their rapid customer adoption, real-world impact, and deep technical moat make them a category-defining company in logistics AI. We're proud to back Kargo as they build the modern infrastructure layer for the physical economy.
About KargoKargo's mission is to create a universal interpreter for supply chains by using computer vision to connect the physical world of freight to the digital systems used to manage it. Kargo believes that applications of artificial intelligence like this are critical to a more efficient future for logistics. The Kargo system verifies all inbound and outbound freight in real-time, aggregating data, ensuring accuracy, and providing visibility that enables efficient warehouse operations and supply chain management. Kargo was founded in 2019 and is headquartered in San Francisco. To learn more, visit: https://kargo.ai/
About Matter Venture PartnersMatter Venture Partners is a venture capital firm dedicated to accelerating HardTech innovation—reshaping industries like semiconductors, robotics, AI infrastructure, and electrification. As experienced founders and investors, Matter combines capital with deep technical and operational expertise to help startups scale. The firm partners with strategic LPs and leverages a global supply chain network to support founders from early product-market fit through industrial-scale growth. Matter raised a $311 million inaugural fund in 2023 and is headquartered in Palo Alto, California. To learn more, visit: www.mattervp.com
About ArmadaArmada Supply Chain Solutions creates innovative, data-driven, fully integrated supply chain solutions that improve business performance for our clients, enabling them to serve their customers best. We deliver supply chain solutions with extraordinary service, powered by technology, driven by analytics, operating at scale. We are revolutionizing the way supply chains are managed by creating resilient and agile networks to manage the challenges of today's market. Armada believes there's a better way – a better way rooted in transparency, advocacy, and ingenuity. To learn more, visit: www.armada.net
View source version on businesswire.com: https://www.businesswire.com/news/home/20250606420349/en/
Contacts
Media Contact Julie Bishopjulie@walkercomms.com
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

ROHM Introduces a New MOSFET for AI Servers Featuring Industry-Leading* SOA Performance and Ultra-Low ON-Resistance
ROHM Introduces a New MOSFET for AI Servers Featuring Industry-Leading* SOA Performance and Ultra-Low ON-Resistance

Business Upturn

time01-07-2025

  • Business Upturn

ROHM Introduces a New MOSFET for AI Servers Featuring Industry-Leading* SOA Performance and Ultra-Low ON-Resistance

Santa Clara, CA and Kyoto, Japan, July 01, 2025 (GLOBE NEWSWIRE) — ROHM Semiconductor today announced the launch of the RY7P250BM, a 100V power MOSFET optimized for hot-swap circuits in 48V power systems used in AI servers and industrial power supplies that require robust battery protection. As AI technology rapidly advances, data centers are facing unprecedented processing demands and server power consumption continues to increase annually. In particular, the growing use of generative AI and high-performance GPUs has created a need to simultaneously improve power efficiency while supporting higher currents. To address these challenges, the industry is shifting from 12V systems to more efficient 48V power architectures. Furthermore, in hot-swap circuits used to safely replace modules while servers remain powered on, MOSFETs are required that offer both wide SOA (Safe Operating Area) and low ON-resistance to protect against inrush current and overloads. The RY7P250BM delivers these critical characteristics in a compact 8080-size package, helping to reduce power loss and cooling requirements in data centers while improving overall server reliability and energy efficiency. As the demand for 8080-size MOSFETs grows, this new product provides a drop-in replacement for existing designs. Notably, the RY7P250BM achieves wide SOA (V DS =48V, Pw=1ms/10ms) ideal for hot-swap operation. Power loss and heat generation are also minimized with an industry-leading low ON-resistance of 1.86mΩ (V GS =10V, I D =50A, Tj=25°C), approximately 18% lower than the typical 2.28mΩ of existing wide SOA 100V MOSFETs in the same size. Wide SOA tolerance is essential in hot-swap circuits, especially those in AI servers that experience large inrush currents. The RY7P250BM meets this demand, achieving 16A at 10ms and 50A at 1ms, enabling support for high-load conditions conventional MOSFETs struggle to handle. ROHM's new product has also been certified as a recommended component by a leading global cloud platform provider, where it is expected to gain widespread adoption in next-generation AI servers. Especially in server applications where reliability and energy efficiency are mission-critical, the combination of wide SOA and low R DS(on) has been highly evaluated for cloud infrastructure. Going forward, ROHM will continue to expand its lineup of 48V-compatible power solutions for servers and industrial equipment, contributing to the development of sustainable ICT infrastructure and greater energy savings through high-efficiency, high-reliability products. Application Examples• 48V AI server systems and power supply hot-swap circuits in data centers• 48V industrial equipment power systems (i.e. forklifts, power tools, robots, fan motors)• Battery-powered industrial equipment such as AGVs (Automated Guided Vehicles) • UPS and emergency power systems (battery backup units)

Lineage to Report Second-Quarter 2025 Financial Results on August 6, 2025
Lineage to Report Second-Quarter 2025 Financial Results on August 6, 2025

Business Wire

time30-06-2025

  • Business Wire

Lineage to Report Second-Quarter 2025 Financial Results on August 6, 2025

NOVI, Mich.--(BUSINESS WIRE)--Lineage, Inc. (NASDAQ: LINE), announced that it will report its financial results for the second quarter of 2025 on Wednesday, August 6, 2025, before market open. A conference call to discuss these results has been scheduled for 8:00 a.m. Eastern Time on Wednesday, August 6, 2025. A live webcast of the call will be available on the Lineage Investor Relations website at An audio replay of the conference call will be available for one week following the call and archived via webcast on the Lineage Investor Relations website at for approximately one year. About Lineage Lineage, Inc. (NASDAQ: LINE) is the world's largest global temperature-controlled warehouse REIT with a network of over 485 strategically located facilities totaling approximately 86 million square feet and approximately 3.1 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world's largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world. Learn more at and join us on LinkedIn, Facebook, Instagram, and X.

2026 Nissan Armada debuts exciting new NISMO version
2026 Nissan Armada debuts exciting new NISMO version

Yahoo

time24-06-2025

  • Yahoo

2026 Nissan Armada debuts exciting new NISMO version

Tuned by Nissan's in-house performance division, Armada NISMO offers an exhilarating on-road driving experience NASHVILLE, Tenn., June 24, 2025--(BUSINESS WIRE)--The 2026 Nissan Armada expands its wide-ranging capabilities with the launch of the model's first NISMO grade. With the most horsepower of any Armada to date, exclusive styling and handling enhancements, Armada NISMO takes Nissan's muscular and capable full-size SUV to a new level. The 2026 Armada will reach Nissan dealerships this fall. Building on more than 40 years of NISMO performance expertise, the Armada NISMO excites driving enthusiasts with 460 horsepower — a 35-horsepower increase versus other versions (when using premium fuel only) — from its twin-turbo 3.5-liter V6 engine1 and a louder, less restrictive exhaust. NISMO engineers also precisely retuned the electric power steering and Adaptive Electronic Air Suspension2 for more engaging and direct handling. Completing the dynamic upgrades, NISMO-specific forged wheels shod in NISMO-exclusive high-performance tires deliver greater traction and responsiveness. "The new Armada NISMO brings a bold, sporty edge to the lineup, joining the tough PRO-4X and the upscale Platinum Reserve. It's all about giving drivers more of what they're looking for," said Vinay Shahani, senior vice president of U.S. Marketing and Sales at Nissan. "No matter where you're headed—on the highway, off the beaten path, or way off the grid—there's an Armada built for the journey." The new version features a distinctive NISMO design including a new front and rear fascia, grille, side steps and rear spoiler. Fender flares and red-painted brake calipers continue the exterior transformation. For the ultimate sporty appearance, Armada NISMO is offered in an exclusive Stealth Gray paint option. Within the cabin, NISMO touches include adjustable bolsters for the front seats, aluminum pedals and quilted leather-appointed seats with red accents. NISMO expands the Nissan Armada range just one year after the introduction of the all-new 2025 model. Offered in SV, SL, Platinum, PRO-4X, NISMO and Platinum Reserve grades, the full-size SUV delivers supreme comfort, premium interior features, confident handling, effortless off-road capability and next-level technologies. For more details on the 2026 Nissan Armada NISMO, and specifications on all Armada grades, please see the full press kit. For more information about our products, services and commitment to sustainable mobility, visit You can also follow us on Facebook, Instagram, X (Twitter) and LinkedIn and see all our latest videos on YouTube. 1 Horsepower and torque figures based on Premium Fuel Only. 2 Available feature. Lowering and raising action for Access mode can only be performed when vehicle is at a complete stop and parked. Please see Nissan Owner's Manual for full details and information before using. View source version on Contacts Media Contacts Kaitlyn JeffersonSpecialist, SUVs and Kevin RafteryManager, Product Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store