Cargofy, a logistics technology company specializing in AI-powered digital workers, has successfully closed an $11 million Series A funding round. The investment, led by u.ventures, Toloka, and Movens Capital, will fuel the company's mission to automate freight operations across global markets. This new capital consists of $6 million in primary funding and $5 million in secondary transactions, marking a significant milestone for the Kyiv-based firm.
A New Paradigm in Freight Operations
Founded in 2023 by Stakh Vozniak, Alex Kovalchuk, and Dimitri Alexiou, Cargofy is pioneering the use of AI agents as "digital employees" for the logistics sector. These agents are designed to replicate the complex workflows of human professionals, handling end-to-end tasks for shippers, carriers, and third-party providers. The company's approach focuses on augmenting existing teams rather than replacing their core software infrastructure.
The platform's key strength lies in its seamless integration capabilities, connecting with over 70 different logistics tools currently used by its clients. This includes transportation management systems, ERP platforms, load boards, and various communication channels. By operating directly within these established systems, Cargofy ensures that companies can adopt its technology without disrupting their existing operational processes.
Driving Efficiency Through Intelligent Automation
Cargofy's AI agents manage a wide array of critical tasks that traditionally consume significant human resources. This includes carrier communication, processing shipping documents, coordinating dispatches, and managing follow-up activities on a continuous basis. The system operates around the clock and supports 28 languages, enabling logistics teams to manage larger fleets more effectively.
The technology is engineered to mirror human workflows from the initial quote to the final delivery confirmation. By automating these repetitive yet essential functions, the platform significantly boosts operational efficiency and helps customers achieve substantial reductions in operating costs. This allows a single dispatcher to oversee a much larger volume of work, directly impacting productivity.
Fueling Global Expansion and Product Enhancement
The newly secured capital is earmarked for an ambitious international expansion strategy. Cargofy plans to establish new operational hubs across key European markets, including Germany, the Netherlands, France, and Spain. The company will also deepen its presence in additional regions throughout the United States to better serve its growing client base.
Beyond geographic growth, the funding will support the continued development of its AI agents. The company aims to extend automation from customer-facing processes to encompass more complex back-office functions like billing, compliance, and carrier coordination. This investment will also be used to strengthen its global team and scale its operational capabilities worldwide.
This Series A funding round positions Cargofy to redefine the logistics industry's operational landscape with its innovative AI infrastructure. The company's vision is to create a future where digital employees empower human teams, enabling one person to achieve the output of ten. This strategic investment accelerates Cargofy's journey toward making logistics more efficient, scalable, and intelligent on a global scale.