Wisor AI, a Tel Aviv, Israel-based advanced freight booking software solution, raised $8m in seed funding.
The round led by Team8 with participation from Ocean Azul and Hico Investment Group, as well as pre-seed investors fresh.fund, Atooro Fund, The Dock, Seed IL Ventures, and Izaki Ventures.
The company intends to use the funds to expand operations and its business reach.
Led by Raz Ronen, CEO and Co-Founder, Wisor AI is an advanced freight booking software solution which allows freight forwarders to generate quotes and communicate with clients automatically and within minutes. Its plug and play solution automates both the manual process of aggregating pricing data as well as the optimization of shipping routes across the global freight ecosystem, including airlines, ocean liners, trucking, and rail companies. In addition to pricing automation, Wisor’s advanced algorithms continuously optimize pricing in the background – even after the booking has been placed – presenting further opportunities for freight forwarders to cut costs and improve their margins.
FinSMEs
07/02/2023