
Cargofy raised an $11 million Series A, backed by Intercom co-founder Des Traynor, to replace human freight dispatchers with autonomous AI agents. The round included $6 million primary and $5 million secondary capital. Cargofy serves 2,000 paying customers, has over $10 million in annual recurring revenue, and targets a $6 trillion industry facing an 80,000 driver shortage.
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Summary by ByteBrief
PhoenixAI Raises $80M Series B