Dave Clark spent 23 years building out Amazon’s delivery network and a brief stretch heading up digital freight forwarder Flexport. Now his own company, Auger, has raised $50 million in a Series B round led by venture capital firm Eclipse, with existing backer Oak HC/FT also participating.
The round brings total funding to $150 million for the supply chain technology company which has grown to about 130 employees.
The funding was first reported by technology publication Geekwire, before co-founder and CEO Dave Clark confirmed the report from his LinkedIn account.
“More and more enterprises are reaching the same conclusion: autonomy is their future. And almost no one can actually deliver on that promise. We raised now to move faster toward where our customers are already headed,” Clark said in a post announcing the funding Thursday. “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 launched Auger in the fall of 2024, just over two years after leaving Amazon, where he led the company’s worldwide consumer business. In between his stints at both companies, Clark spent roughly a year as CEO of Flexport.
Auger’s enterprise software is designed to use AI to automate day-to-day supply chain execution decisions. The tech is built to sit on top of a company’s existing platforms and connect the data into a single operating layer, collecting information from technologies like ERP systems, warehouse management, transportation management and demand planning tools.
The software then uses AI agents to evaluate that data and make routine supply chain decisions on a user’s behalf, before kicking any exceptions back for human review.
Auger counts Fanatics, Meta’s Reality Labs division and personal care products giant Kimberly-Clark as customers, and is a supply chain partner of Microsoft Fabric, the tech giant’s data analytics platform. Auger’s product is built on Microsoft’s cloud platform, Azure.
Of the processes Auger manages at Fanatics, 85 percent of the decisions occur autonomously, Clark told Geekwire. The CEO says the sports merchandising and athletic apparel retailer has a goal of reaching the mid-90s soon.
In addition to the customers publicly named so far, Clark said another eight to 10 companies are in contract negotiations or pilot programs.
Auger’s target customers include large Fortune 100 enterprises, particularly those with complex global supply chains involving retailers, distributors and manufacturers. Shortly after the company was founded, Clark estimated the company had a $25 billion total addressable market for supply chain technology that could reach $50 billion by the early 2030s.
The supply chain tech firm has not disclosed revenue or other financial metrics, but according to Clark, Auger’s valuation was roughly double the level set by its initial Series A round shortly after its launch. At the time, Auger raised more than $100 million in private equity funding from Oak HC/FT and others.
Clark told GeekWire the company sought the Series B earlier than it needed to, specifically to avoid fundraising distractions during what he expects will be a heavy fall of customer onboarding. Unlike the splashy public debut of Auger’s first round, the Series B was framed internally as routine fuel rather than a reset.
Auger has a goal to generate more than $1 billion in revenue by 2030.
With the investment, Eclipse partner Jiten Behl joined the Auger board, which also includes Clark, president and chief financial officer Alex Ceballos, and Oak HC/FT’s general partner Matt Streisfeld.
The funding comes at a bullish time for venture capital, particularly when it comes to opening the checkbook for businesses in the AI space.
In the first half of 2026, venture capital deal activity amounted to $412.7 billion, a 29 percent increase over the full-year figures in 2025, according to the Pitchbook-National Venture Capital Association Venture Monitor.
Of the total invested, $355.9 billion—representing 86 percent of all venture dollars in the period—went to AI companies. The rapid increase from 2025’s dealmaking number was powered by massive funding rounds at OpenAI and Anthropic, the AI behemoths behind ChatGPT and Claude.
