During the pandemic, the digitisation of the freight industry took off like a rocket, and stayed that way. To date, Forto has raised almost $600 million, Nuvocargo $75 million, Zencargo $66 million, and Freightify $14.5 million. All are associated with streamlining/digitising freight logistics in some way.
This meant, of course that freight forwarders and customs brokers also had to keep up. Back in 2021 Vector.ai (which launched in 2017) raised a $15 million A-round led by Bessemer to apply machine learning to automate these tasks.
Two years on and Vector is now called Raft, and that machine-
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