 "Funding among Indian startups declined by a marginal 7 per cent in the first nine months of 2024 to $7.6 billion from $8.2 billion during the same period last year.")
Former Amazon.com Consumer CEO Dave Clark said on Tuesday his new software supply chain management startup Auger has raised over $100 million in private equity funding from Oak HC/FT and others.
Auger will provide a software-as-a-service platform which uses an artificial intelligence operating system along with automation to provide real-time data and insights to firms to ease supply chain pressures.
Before starting Auger, Clark was a part of the top brass at Amazon, responsible for turning the company he worked at for 23 years into a worldwide delivery behemoth.
Clark also briefly served as the CEO of Flexport which provides data and supply chain logistics to manage orders and shipping.
Auger said it will unveil more about its product roadmap in the next few months.
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