cargo.one has officially acquired the ocean rate platform Cargofive. Completed on February 25 and backed by approximately $20 million in funding from Bessemer Venture Partners and others, the acquisition paves the way for what cargo.one calls the logistics industry’s first AI-native operating system for multimodal freight.
By integrating Cargofive, cargo.one is massively expanding its core data infrastructure. Cargofive brings scalable ocean rate management tools to the table, featuring direct connections to the world’s top 10 ocean carriers and active coverage across four million global trade lanes.
The newly unveiled operating system is designed to solve a major bottleneck in logistics technology:
- Native Automation: Rather than acting as a bolt-on solution, agentic workflows are embedded directly within the data environment, allowing automation to work seamlessly alongside logistics teams.
- Accuracy and Control: The system utilises retrieval-augmented generation (RAG) and specific supervision layers to constantly monitor AI outputs and ensure high data accuracy.
- Custom Workflows: Forwarders have the flexibility to deploy ready-made AI agents or build their own custom workflows using open protocols.
Moritz Claussen, Founder and Co-CEO of cargo.one. “With Cargofive, we’re expanding the foundation already embedded inside many of the world’s top forwarders’ operations to encompass ocean needs, and we are delivering what makes AI actually work in production,” Claussen stated.
Sebastian Cazajus, Founder and CEO of Cargofive, echoed the market demand for integration, noting that forwarders are actively looking to eliminate data silos. “cargo.one has already set the standard in air. Together, we are bringing that same quality and scale to ocean freight,” he said.