Auger raised $50 million in a Series B funding round to accelerate its build of an autonomous operating system for supply chain operations, Auger Founder and CEO Dave Clark said in a Thursday (July 9) post on LinkedIn.
The company is “reinventing the operating systems of the physical economy,” Clark said in the post.
“This round accelerates the build: the new products our customers are asking for, and more sales and solutions engineers next to the enterprises that want them,” Clark said.
Auger delivers intelligence that understands the user’s business physics, synchronization across every system and decision, and a foundation that turns messy data into executable truth, according to the company’s website.
Before founding Auger, Clark was with Amazon for 23 years, most recently as CEO of the company’s global consumer business. Clark managed a team of more than 1.5 million people and supervised over $600 billion in gross merchandise sales. For over a decade, he was a member of Amazon’s S-team, which drives the company’s overall strategy, according to his LinkedIn profile.
Eclipse, which led the funding round, said in a post on LinkedIn that Auger’s team has spent decades building and operating complex supply chains and that Auger is creating an AI-native operating system that unifies fragmented enterprise systems and enables autonomous decision-making across global supply chains.
“The platform is already helping industry leaders like Meta, Fanatics and Kimberly-Clark move from reactive planning to intelligent execution,” Eclipse said in its post. “The next generation of category-defining AI companies won’t just generate content. They’ll orchestrate factories, logistics networks and the critical infrastructure that powers the real economy.”
Clark told CNBC in October 2024 that he was launching Auger to help businesses and government agencies meld what he called the various “Franken-software” managing their supply chains into one platform.
A typical company might have “eight to 10 to 12 to 20” systems, which can be clunky and are rarely integrated for procurement, forecasting and enterprise resource planning, Clark said in that report. He said he envisioned a supply chain management platform offering the “same level of simplicity and intuitiveness as the consumer applications that they use every day.”
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The post Auger Raises $50 Million to Build Autonomous Supply Chain Operating System appeared first on PYMNTS.com.
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