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SaaS startups have become the darling of Venture Capital investors, especially in the Freight Service industry. Over the past decade, software has proverbially “eaten the world” and SaaS companies have scaled to become unicorn corporations in staggering amounts of time.
In this article, we are examining 2 VC funded SaaS startups in the Freight Service industry.
Stargo, a privately held firm founded in 2010, seeks to change the freight forwarding and supply chain sectors by automating and improving routing and pricing in real-time in a matter of seconds. We provide dynamic optimized pricing and guaranteed payment (through a global banking network) using our Decision Support System (DSS), which has extensive artificial intelligence capabilities. This increases the effectiveness of the cargo shipping quote generation process and eliminates negative working capital on successful quotes. We employ our own big data, machine learning, and optimization algorithms running in the cloud to quickly adjust pricing from tens of thousands of international airlines. The only way to comprehend the time-consuming and labor-intensive traditional pricing procedures is through our artificial intelligence engine. Our goal is to see the freight forwarding, shipping, and logistics sectors undergo a digital transformation that will significantly increase their efficacy, profitability, dependability, and robustness.
Zencargo provides ocean, road, air, and rail freight services. It creates a platform that clients can use to plan, control, and track their international freight, and it use analytics to guide smart supply chain decisions that support clients' companies. Shippers and their counterparts may coordinate and manage their logistics with the help of Zencargo. It also provides services for tracking and freight insurance. On January 4, 2017, Alex Hersham, Jan Riethmeyer, and Richard Fattal joined together to form Zencargo. Its main office is in London, England.
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