Kargo raises $6M to smarten up loading docks for the coming wave of autonomy – TechCrunch

When Sam Laurie sees a loading dock he is seen to have a bottleneck in both the world’s supply chain and an opportunity.

The opportunity – driven today by tensions between digital and physical infrastructure in warehouse distribution centers and factories and pushed to autonomy – brought Lai to Cargo, a smart-loading dock platform startup that recently received $ 6 in seed money from the Founders Fund Raised million. Accomplice, Sozo Ventures and other anonymous investors.

In the company’s first months, which were founded in late 2019, Lure spent time traveling throughout the United States, visiting warehouse distribution centers and factories, and speaking with hundreds of truck drivers, plant workers and supply chain managers , Where autonomous logistics was affecting them to understand.

His primary complaint: loading dock.

“No matter whether you’re building cars or elevators or delivering things, everyone has a loading dock,” Lurye said in a recent interview. “It’s like this universal API of the industrial world; A loading dock allows any industrial facility to be connected to the outside world. “

Loading docks are ubiquitous, and therefore have their problems. Obstacles are common with the average truck waiting two and a half hours to be loaded or unloaded at the dock. For every 15 minutes the truck waits beyond that average time, the probability of an accident en route later increases by 6.2%, according to a Study by US Department of Transportation.

Lowery concluded that warehouses and factories were not prepared for the coming wave of investment in autonomy, which concentrates on autonomous trucks and warehouse robotics.

Cargo’s platform is not just a digital enterprise. The company ships the physical sensor towers to the loading dock. The computer vision sensor is capable of automatically detecting and verifying all incoming and outgoing goods in real time. Together the software platform takes in all the data, which can then be used by customers to take a macro or micro view of its supply chain.

kargo loading dock platform

Image Credit: Kargo

The company makes money by selling sensors and then offers a software subscription that gives customers access to the data.

Lurie said the platform allowed its customers to reduce loading times by more than 40%. As more loading docks are attached to the platform, the predictive feature built by Cargo is improved and this will enable customers to be informed of forecasting whether shipments will be late or missed.

In 2021 Lurie aims to use the new fund to double its 7-man workforce over the next several months and launch the first commercial of the 50 loading dock with plans to triple that number before the end of the year. In 2022, Lurye wants to add more than 1,000 loading docks to the platform.

The demand for Cargo’s platforms and sensors could increase as e-commerce giants Amazon as well as hundreds of other distributors add more automation inside their warehouses and factories.