Cargofy, a startup deploying AI "digital workers" to automate freight operations, has raised an $11 million Series A round. The company replaces human dispatchers with software agents that handle load matching, scheduling, and routing for logistics firms.
The round was led by u.ventures, Toloka, and Movens Capital. It includes €5.2 million ($6 million) in primary capital and €4.3 million ($5 million) in secondaries, according to EU-Startups. Des Traynor, co-founder of customer messaging platform Intercom, participated as an individual backer.
The freight dispatch market remains highly manual, with thousands of small and mid-size brokers relying on phone calls and spreadsheets. Cargofy uses large language models and custom ML models to ingest emails, carrier data, and shipment requests, then autonomously assigns loads—a space where incumbents like Uber Freight and Convoy have struggled with margins.
This raise signals growing investor appetite for vertical AI agents that tackle legacy workflows rather than general-purpose automation. The secondary component suggests early investors are already seeking liquidity, which may indicate fast-rising valuations in the logistics AI segment.
Founder details were not disclosed in the available sources. Traynor's involvement adds a notable enterprise SaaS pedigree, given Intercom's $1.3 billion valuation history and its own bet on conversational AI.