FAST-FORWARDING FREIGHT TO THE 21ST CENTURY
Four years in the making
Gathering this data was no mean task . Indeed , it took the Freightos team four years to get into a position where it could successfully launch . For Schreiber , it is a project that stretches all the way back to 2010 / 11 and his time as CEO of lighting power supply producer Lightech .
“ We designed the power supplies in Israel and manufactured them in Shenzhen in southern China , so I was a customer for shipping them by air and by ocean from China to the US and to Europe ,” he explains . “ I saw from first-hand experience just how tough it is to arrange import and export , waiting for days just to get a price . As soon as the business was sold to GE Lighting I decided to get back into software , only this time for logistics .”
While Schreiber was aware of the magnitude of the task ahead , even he underestimated by a year how long it would take for the platform to be fully operational . But with $ 23 million of investment successfully raised , it was only a matter
23