Stargo Overview
Stargo specializes in Generative AI (GenAI) solutions tailored for the freight, logistics, supply chain and insurance sectors. Their platform utilizes Large Language Models (LLM) to process unstructured and semi-structured data across multiple languages, automating critical processes and enhancing decision-making. This technology streamlines operations, reduces inefficiencies, and improves accuracy, scalability, and profitability for businesses in these industries. STARGO One of Stargo's key offerings is StarDox, an AI-driven tool designed to boost key performance indicators (KPIs), automate operations, and foster collaboration within the freight community. StarDox aims to drive business growth and enhance customer satisfaction by elevating collaboration in logistics.
Cumulative Funding Raised Over Time ($)
$20.0MApr 2022
$32.0MMar 2018
$37.0MOct 2016
$39.0MOct 2023
Latest News
Stargo has been chosen as one of the 20 most innovative companies for 2022, under the category of deep-tech and AI, and more specifically specialization in pricing, and unstructured data.
‘Israel Hayom’ magazine assessed many parameters, within technology companies and measured innovation, solution uniqueness, progression, and growth.
We invite you to click on the link below and learn more about our activities, goals, and accomplishments.
growth-positive
Stargo Chief Revenue Officer Keren Eyal-Kotlizky to Share Pricing and Shipment Automation Advice at Dublin WCAworld Conference
Stargos Chief Revenue Officer will be leading a session at the WCAworld European conference. Stargo is a cloud-based solution for the freight logistics and supply chain industries. The companys platform automates processes for freight forwarders, NVOCCs, customs brokers, and carriers. Stargo uses AI and ML technology to automate manual processes and generate optimal proposals. The session at the conference will focus on pricing and shipment automation. The article highlights the importance of efficiency and visibility in the freight forwarding industry. Stargo aims to help businesses in the freight supply chain increase margins, win rates, and productivity.
Partners
growth-positive
Mastercard partners with AI startup to streamline freight payments
Mastercard has announced a partnership with AI startup Stargo to streamline and optimize freight payments. The partnership aims to address payment system inefficiencies in the ocean shipping industry, which amount to $34.4 billion lost every year due to a lack of trust and low level of automation. By digitizing payments and leveraging AI and automation, Mastercard and Stargo hope to improve payment processes and reduce disputes. The partnership is a pilot project that will begin in the fourth quarter of 2018, with the goal of implementing a more permanent solution by the end of 2019. This initiative could have implications beyond the freight industry, potentially improving supplier relationships and payment processes in other sectors as well.
Partners
Mastercard, Stargo Pair On Freight Payments
| Sector | Automotive & Mobility Technologies |
Funding
| Total funding | $39M |
| Last funding | $2M |
| Stage | B |
| Rounds | 4 |
| Investors | 0 |
Team Members
6
Employees: 51-200
Web & Social Links
| Website | www.stargo.co/ |
Locations
HaSadna Street 8, Ra'anana, Israel
Delaware, USA
Photos & Videos
6 item(s)
Stargo Business
Business models
B2B
Product stage
Released
Employees
51-200
Sector
Automotive & Mobility TechnologiesLogistics & Transportation ManagementBusiness SoftwareIT, R&D & Data SolutionsData Analysis & Decision SupportTarget Customer
Transportation & LogisticsTransportation InfrastructureAirportsLogisticsPostal & CourierMaritimeEnterprise & Professional ServicesInformation & Document ManagementEnterprisesFinancial ServicesFinancial InstitutionsCore Technology
Platforms & InterfacesAPIArtificial IntelligenceDeep LearningMachine LearningGenerative AITags (19)
data-analyticsmarinesmart-mobilitydata-optimizationsupply-chainlogisticssoftware-applicationsfreightautomationcargoartificial-intelligencecloud-baseddata-miningmachine-learningpricingbig-datacargo-managementsaasbig-data-analyticsSolutions
{"title":"Logistics & Freight Forwarding","description":"Stargo's booking platform provides instant freight quotes, real-time tracking, and a streamlined digital booking process for freight forwarders and their clients, simplifying and accelerating logistics operations.","items":[{"name":"Revenue Growth","value":3,"titleTooltip":"Revenue Growth & Profitability","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Operational Efficiency","value":4,"titleTooltip":"Operational Excellence & Efficiency","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Customer Acquisition","value":4,"titleTooltip":"Customer Acquisition, Satisfaction & Loyalty","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Risk Mitigation","value":2,"titleTooltip":"Risk Mitigation & Business Resilience","meterTooltip":{"title":"Marginal / Localized","content":"Small, isolated improvement; measurable but not substantial."}},{"name":"Talent Development","value":2,"titleTooltip":"Talent Development & Employee Empowerment","meterTooltip":{"title":"Marginal / Localized","content":"Small, isolated improvement; measurable but not substantial."}},{"name":"Agility & Innovation","value":3,"titleTooltip":"Strategic Agility & Innovation","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}}]}
{"title":"Procurement Software","description":"Stargo is a procurement platform that centralizes and automates the Request for Quotation (RFQ) process, enabling businesses to compare supplier offers, optimize purchasing costs, and improve efficiency in acquiring direct materials and services.","items":[{"name":"Revenue Growth","value":4,"titleTooltip":"Revenue Growth & Profitability","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Operational Efficiency","value":4,"titleTooltip":"Operational Excellence & Efficiency","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Customer Acquisition","value":1,"titleTooltip":"Customer Acquisition, Satisfaction & Loyalty","meterTooltip":{"title":"Negligible / Incidental","content":"No discernible or only trivial positive effect; status-quo unchanged."}},{"name":"Risk Mitigation","value":3,"titleTooltip":"Risk Mitigation & Business Resilience","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Talent Development","value":3,"titleTooltip":"Talent Development & Employee Empowerment","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Agility & Innovation","value":4,"titleTooltip":"Strategic Agility & Innovation","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}}]}
{"title":"Logistics & Supply Chain","description":"Stargo's solution provides a unified platform for cleansing, normalizing, and enriching logistics and supply chain data from disparate sources, creating a single source of truth to enable real-time visibility, automation, and informed decision-making.","items":[{"name":"Revenue Growth","value":3,"titleTooltip":"Revenue Growth & Profitability","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Operational Efficiency","value":4,"titleTooltip":"Operational Excellence & Efficiency","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Customer Acquisition","value":3,"titleTooltip":"Customer Acquisition, Satisfaction & Loyalty","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Risk Mitigation","value":3,"titleTooltip":"Risk Mitigation & Business Resilience","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Talent Development","value":3,"titleTooltip":"Talent Development & Employee Empowerment","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Agility & Innovation","value":4,"titleTooltip":"Strategic Agility & Innovation","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}}]}
{"title":"Logistics & Supply Chain","description":"Stargo's 'Price Request' feature automates and centralizes the process of requesting, comparing, and booking freight quotes from multiple carriers, streamlining logistics operations and enabling cost optimization.","items":[{"name":"Revenue Growth","value":4,"titleTooltip":"Revenue Growth & Profitability","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}},{"name":"Operational Efficiency","value":5,"titleTooltip":"Operational Excellence & Efficiency","meterTooltip":{"title":"Disruptive / Paradigm-Shifting","content":"Revolutionary, industry-leading change that sets new benchmarks and norms."}},{"name":"Customer Acquisition","value":2,"titleTooltip":"Customer Acquisition, Satisfaction & Loyalty","meterTooltip":{"title":"Marginal / Localized","content":"Small, isolated improvement; measurable but not substantial."}},{"name":"Risk Mitigation","value":3,"titleTooltip":"Risk Mitigation & Business Resilience","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Talent Development","value":3,"titleTooltip":"Talent Development & Employee Empowerment","meterTooltip":{"title":"Substantial / Core","content":"Clear, significant contribution; broad, tangible gains."}},{"name":"Agility & Innovation","value":4,"titleTooltip":"Strategic Agility & Innovation","meterTooltip":{"title":"Transformative / Strategic","content":"Fundamental, high-value enhancement with far-reaching strategic importance."}}]}
Use Cases
bookingbuy priceData accuracyprice requestGeographic Markets
EuropeAmericasStargo Financials
$39M
Total funding
Undisclosed
Capital raised
$2M
Last funding
B
Funding stage
4
Total rounds
0
Investors
Cumulative Funding Raised Over Time ($)
$20.0MApr 2022
$32.0MMar 2018
$37.0MOct 2016
$39.0MOct 2023
Private Equity Funding
Undisclosed Round
Oct 2023
$2M
B Round
Apr 2022
$20M
B Round
Mar 2018
$12M
A Round
Oct 2016
$5M
Stargo Lifecycle
Cumulative Funding Raised Over Time
$20.0MApr 2022
$32.0MMar 2018
$37.0MOct 2016
$39.0MOct 2023
All Events
Undisclosed Round
Oct 2023
$2M
B Round
Apr 2022
$20M
B Round
Mar 2018
$12M
A Round
Oct 2016
$5M
Stargo News
4 articlesStargo has been chosen as one of the 20 most innovative companies for 2022, under the category of deep-tech and AI, and more specifically specialization in pricing, and unstructured data.
‘Israel Hayom’ magazine assessed many parameters, within technology companies and measured innovation, solution uniqueness, progression, and growth.
We invite you to click on the link below and learn more about our activities, goals, and accomplishments.
growth-positive
Stargo Chief Revenue Officer Keren Eyal-Kotlizky to Share Pricing and Shipment Automation Advice at Dublin WCAworld Conference
Stargos Chief Revenue Officer will be leading a session at the WCAworld European conference. Stargo is a cloud-based solution for the freight logistics and supply chain industries. The companys platform automates processes for freight forwarders, NVOCCs, customs brokers, and carriers. Stargo uses AI and ML technology to automate manual processes and generate optimal proposals. The session at the conference will focus on pricing and shipment automation. The article highlights the importance of efficiency and visibility in the freight forwarding industry. Stargo aims to help businesses in the freight supply chain increase margins, win rates, and productivity.
Partners
growth-positive
Mastercard partners with AI startup to streamline freight payments
Mastercard has announced a partnership with AI startup Stargo to streamline and optimize freight payments. The partnership aims to address payment system inefficiencies in the ocean shipping industry, which amount to $34.4 billion lost every year due to a lack of trust and low level of automation. By digitizing payments and leveraging AI and automation, Mastercard and Stargo hope to improve payment processes and reduce disputes. The partnership is a pilot project that will begin in the fourth quarter of 2018, with the goal of implementing a more permanent solution by the end of 2019. This initiative could have implications beyond the freight industry, potentially improving supplier relationships and payment processes in other sectors as well.
Partners
Mastercard, Stargo Pair On Freight Payments
Stargo Team
Employee Info
| Employees (range) | 51-200 |
| Exact count | 53 |
| Team members | 8 |
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Stargo Internal
Recent Updates
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Admin Info
| Confidence | 100/100 |
| Missing | markets |
| BI Verification | Jenny Sotnik-Talisman |
| Registrar ID | 514461912 |
| Crunchbase | stargo |
| Phone | +972544676730 |
| Creator | Jenny Sotnik-Talisman |
| Creator email | genys30@yahoo.com |
| Last updater | Maor Perlov |
| Updater email | maor.perlov@sncentral.org |
| Last update | 2023-11-12T00:00:00.000Z |
| Created | 2018-01-21T00:00:00.000Z |
| Claimed | Yes |