The ocean freight rate platform Cargofive, portfolio company of EIT Urban Mobility, has been acquired by cargo.one. Together, they create the logistics industry’s first AI-native operating system that spans both air and ocean freight.
For Cargofive, this deal is a strategic response to market reality. Digital freight is increasingly dominated by larger platforms covering multiple transport modes. Rather than continuing to compete in an increasingly crowded ocean-only technology market, Cargofive is now part of a platform already embedded inside many of the world’s top freight forwarders’ operations.
Sebastian Cazajus, Founder & CEO of Cargofive: “Across the industry, forwarders are asking for integrated air and ocean solutions that eliminate data silos. cargo.one has already set the standard in air. Together, we are bringing that same quality and scale to ocean freight, creating a truly multimodal operating foundation to enable agentic workflows.”
The acquisition is complemented by a roughly $20M investment into cargo.one from investors including Bessemer Venture Partners, signaling strong confidence in the combined platform’s potential to define the infrastructure layer for AI transformation in global logistics. (....)