cargo.one acquires Cargofive

cargo.one has acquired ocean rate platform Cargofive and unveiled what it describes as the logistics industry’s first AI-native operating system for multimodal freight, combining air and ocean rate data into a single platform.

The transaction, completed on February 25, significantly expands cargo.one’s data infrastructure by integrating Cargofive’s ocean rate capabilities, including connections to the world’s top 10 ocean carriers and coverage across four million trade lanes. The move is backed by approximately $20 million in investment from investors including Bessemer Venture Partners.

Strengthening multimodal data infrastructure

Cargofive, trusted by hundreds of freight forwarders globally, adds scalable ocean rate ingestion and management tools to cargo.one’s existing air freight platform. The combined entity positions itself as a unified rate database enabling forwarders to automate both air and ocean workflows from a single system.

cargo.one said its AI-native operating system is designed to address a key challenge in logistics technology: the fragmentation between AI tools and structured operational data. By embedding agentic workflows directly within a unified data environment, the platform allows automation to operate natively alongside logistics teams rather than as a bolt-on solution.

The system incorporates multimodal rate data, retrieval-augmented generation (RAG)-based knowledge retrieval and supervision layers designed to monitor AI outputs and enhance accuracy. It also allows companies to deploy ready-made AI agents or build custom workflows using open protocols.

Industry response

Moritz Claussen, Founder and Co-CEO of cargo.one, said: “Most AI projects in logistics fail to deliver ROI because they lack access to robust, structured data. Real returns come from unified data infrastructure operating at enterprise scale. 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.”

Sebastian Cazajus, Founder and CEO of Cargofive, said: “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.”

Stefan Borggreve, Member of the Management Board at Hellmann Worldwide Logistics, said: “Data and AI are inseparable – quality data is the foundation for quality AI. cargo.one has built a comprehensive operating system that our teams trust.”

Bob Goodman, Partner at Bessemer Venture Partners, added: “When evaluating AI partners, logistics leaders should look beyond individual features to the underlying foundation. cargo.one has built exactly that foundation for multimodal logistics.”

With the acquisition and fresh capital, cargo.one aims to position itself as a core infrastructure provider for AI-driven transformation in global freight forwarding.