Xeneta is a Norwegian startup that provides shipping companies and freight forwarders with freight rate data collected in real time. According to Crunchbase, the company raised almost $29 million over five funding rounds and this figure automatically makes its products worth attention.
Xeneta’s solution is a web-based platform that gives its users access to intelligent pricing data and, thus, allows them to benchmark their ocean and air freight market rates. Specifically, Xeneta provides freight forwarders with an opportunity to compare their rates to the average rates on the market, analyze market movements, and reveal the hidden potential in their freight spend. Not only does this help freight forwarders improve performance and optimize costs but it also ensures pricing transparency across the whole industry.
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