Cargomatic

Cargomatic (operating at cargomatic.com) is a digital freight-matching platform engineered for streamlining local trucking logistics. Founded in 2013 by a tech entrepreneur from Silicon Valley and a logistics expert from Los Angeles, the company is headquartered in New York. Cargomatic disrupts traditional freight brokering by eliminating inefficiencies in local transportation networks, connecting shippers with nearby carriers in real time. Under the hood, its proprietary AI-enabled platform leverages machine learning to optimize route matching, pricing, and load distribution, reducing empty miles and operational friction. This allows small businesses, contractors, and regional carriers to access reliable freight opportunities while shippers gain faster, more cost-effective delivery solutions. Backed by a total of $47.01 million in funding, including investments from Morado Ventures, Canaan Partners, Sherpa Capital, and SV Angel, Cargomatic has positioned itself as the first and largest digital marketplace for local trucking.