Dave Clark raises $100 million for new AI-driven supply chain venture Auger

Dave Clark, former CEO of Amazon's consumer division, has launched a new supply chain company called Auger, raising $100 million in seed funding. This marks a shift from his recent tenure at Flexport, where he faced pressure to resign due to management issues. Auger aims to develop an AI-powered tool that integrates with existing inventory systems to provide real-time supply chain insights. Clark emphasizes the need for better solutions to address inefficiencies in supply chains, which have been exacerbated by recent global disruptions. The logistics software market is growing rapidly, with significant investments flowing into startups. Auger will compete with established companies by offering a unified platform that leverages advanced AI for dynamic insights, although it has yet to secure customers or generate revenue.