Matter Venture Partners led a $18m round in Kargo.ai.

Matter Venture Partners, a private equity firm, led a $18m round in Kargo.ai, an industrial artificial intelligence technology company, with participation from Sozo Ventures, Founders Fund, Lineage and Armada Supply Chain Solutions. “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. This capital investment enables Kargo to develop new products that connect supply chain data and rapidly expand our customer base,” Sam Lurye, Kargo Founder and CEO.