Freightos, a Hong Kong-based global online freight network, completed a $14M Series B funding round.
Backers included existing investors Aleph, Annox Capital, ICV and OurCrowd as well as MSR Capital and Sadara Ventures.
The company has raised $23.3M in total funding.
Led by CEO Zvi Schreiber, Freightos is an online freight network that uses big data technology to enable freight forwarders, shippers and carriers to automate freight pricing and booking online.
It is used by forwarders to improve sales efficiency via rate management, online quoting, online sales capabilities and business intelligence. Global distributors and retailers, like Sysco, leverage Freightos for reducing logistic spend in agile supply chains.
Clients include CEVA Logistics, Hellmann Worldwide Logistics and dozens of others, as well as Fortune 100 import/export companies.