Cargofy raises USD $11 million for AI freight agents
Tue, 23rd Jun 2026 (Today)
Cargofy has raised USD $11 million in a Series A round, including USD $6 million in primary capital and USD $5 million in secondary share sales.
The investment was led by u.ventures, Toloka and Movens Capital, with participation from Des Traynor, Co-founder of Intercom, and other angel investors. Through the secondary portion of the round, one of Cargofy's earliest backers fully exited, earning a return of more than 50 times the original investment.
Cargofy develops artificial intelligence agents for freight operations. Its software is designed to replicate freight staff workflows without requiring logistics companies to change their existing operating processes.
The platform connects with more than 70 tools used by logistics businesses, including transport management systems, enterprise resource planning software, load boards, carrier compliance systems and communication channels. Its agents email carriers, process documents, send follow-ups and coordinate dispatch work across markets and languages.
According to figures provided by Cargofy, its products are delivering measurable cost and staffing benefits for customers. A single dispatcher can manage a fleet 10 times larger than usual, a fleet of 315 trucks can save about USD $83,000 a month, and one US customer reduced annual logistics costs by more than USD $5 million.
Founded by Stakh Vozniak, Alex Kovalchuk and Dimitri Alexiou, the company serves shippers, carriers and third-party logistics providers across front-office and back-office functions. Its customers include SuuS, Nova Group, Zammler, Metinvest and Vista.
Cargofy plans to use the funding in three main areas: expanding regional operating teams, increasing the share of international employees in its workforce and widening the scope of its artificial intelligence agents into more back-office processes.
The company operates from Houston, Warsaw, Kyiv and Baku, covering the United States, Ukraine, Poland, Romania, Bulgaria, Azerbaijan, Kazakhstan, Uzbekistan, Georgia and Turkey.
It also plans to open local teams in Germany, the Netherlands, France and Spain, as well as in more parts of the US, including the Midwest, East Coast and West Coast. Cargofy added that it has received inbound demand from Brazil, Mexico and the Middle East.
As it expands, management also wants to change the composition of its workforce. About 10% of employees are currently non-Ukrainian, and the company wants that proportion to rise to 40%.
Research and development spending will focus on expanding the tasks handled by its agents, moving beyond client communication and order intake into billing, compliance and carrier coordination.
That direction reflects a broader strategy outlined by the company's leadership. "We're not building logistics software - we're building AI infrastructure where companies can hire digital employees for their operations. One person can now do the work of ten, and revenue per employee grows. That's how we see the future of this industry," said Stakh Vozniak, Chief Executive Officer and Founder of Cargofy.
Cargofy said it built its systems after spending years embedded in freight operations and collecting proprietary operational data. In 2023, it shifted to building artificial intelligence agents trained on that data.
Since then, the company says it has passed USD $10 million in annual revenue and reached 2,000 paying customers. Before the Series A round, it had raised a USD $2.5 million seed round from JKR Investment Group and Flyer One Ventures.
One investor in the round pointed to Cargofy's sector-specific approach. "Their key advantage is the combination of strong AI expertise with a deep understanding of the needs and processes of shippers, carriers, and 3PL providers. This is what enables them to offer the most effective AI products in this market, while most other AI startups build universal solutions without accounting for the important nuances of the logistics industry," said Bogdan Svyrydov, Principal, Horizon Capital, and Venture Director, u.ventures.