OurCrowd portfolio company Freightos was featured in the Times of Israel, an English-language news website covering Israel, the region & the Jewish world. Freightos offers a Software as a Service (SaaS) cloud solution for automating pricing and sales in the trillion dollar freight (cargo) industry.

There’s no reason why shipping, like so many other things, can’t be automated, [Zvi] Schreiber believes — so he started Freightos, a company that is determined to bring shipping into the 21st century.

Using cloud technology and big data automation techniques, Freightos provides a “Software as a Service” platform for freight forwarders to manage their rates and automate their routing and pricing. Data on ship location and availability comes from an online source called Linescape, and the system adds weather data, price schedules, and other information that are components of a shipping quote.

Freightos raised $550,000 from OurCrowd investors in November 2012 and $110,000 in a follow-on funding round in September 2013.

Read more on Times of Israel here.