After stepping down in June 2022 as CEO of Amazon’s worldwide consumer division — a role he held for over two decades — Clark relocated to D

Dave Clark, formerly of Amazon and Flexport, just landed $100M for new supply chain venture

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2024-10-08 14:30:10

After stepping down in June 2022 as CEO of Amazon’s worldwide consumer division — a role he held for over two decades — Clark relocated to Dallas to join supply chain logistics company Flexport. With a board mandate to prepare Flexport to go public, Clark led as co-CEO, and later on as CEO, while founder Ryan Peterson transitioned to executive chairman.

But all did not go smoothly. In September 2023, Flexport’s board, led by Peterson, pressured Clark to resign, accusing him of mismanagement. Clark maintained he was only trying to fix what he considered “extensive” organizational problems. Subsequent reporting backed up Clark’s claims, but the damage was done. Clark was out.

Clark mulled a gubernatorial run in Texas; he hired strategists, too. But the allure of launching a business — one he could run as he saw fit — proved to be stronger.

Clark on Tuesday unveiled his new company, Auger, and he’s raised a mammoth, $100 million seed round led by VC firm Oak HC/FT. Auger is developing an AI-powered tool for supply chain-dependent businesses that integrates with existing inventory management platforms to deliver real-time insights.