LinkedIn- Auger has raised $50 million in Series B funding, bringing its total funding to $150 million.
- The funding round will help Auger expand its operations and technology offerings.
- Auger has secured major customers, including Fanatics and Kimberly-Clark.
- The company aims for about 85% of decisions in its supply chain process to be made autonomously, with a goal of reaching the mid-90s soon.
- Auger was founded by a former Amazon executive and aims to have half of U.S. GDP flowing through its platform by 2030, with revenue exceeding $1 billion.
- Clark, who leads Auger, previously spent 23 years at Amazon, where he rose to lead the company’s worldwide operations.
Auger, a supply chain technology startup founded in Bellevue, Washington, has successfully raised $50 million in a Series B funding round, increasing its total funding to $150 million. The company, established by a former Amazon executive, has rapidly expanded its customer base, now including major players like Fanatics and Kimberly-Clark.123467
With a workforce of approximately 130 employees, Auger is revolutionizing supply chain management by enabling companies to make decisions autonomously. According to Clark, the former operations chief, about 85% of decisions in the process managed by Auger are currently made autonomously, with aspirations to reach the mid-90s soon.
Auger aims to significantly impact the U.S. economy, targeting to have half of U.S. GDP flowing through its platform by 2030, with projected revenues exceeding $1 billion. This ambitious goal reflects the startup's commitment to transforming supply chain operations and enhancing efficiency across industries.
The funding round was led by undisclosed investors, further solidifying Auger's position in the competitive supply chain technology landscape.
“Auger's Series B funding round brings total funding to $150 million, with the company now employing about 130 people. The platform aims to manage 85% of supply chain decisions autonomously, with a goal of reaching the mid-90s soon, and targets half of U.S. GDP flowing through its system by 2030.”
