CargoX

CargoX, based in the UAE and led by CEO Tomaso Rodriguez, specializes in autonomous delivery solutions, enhancing logistics efficiency via advanced artificial intelligence and blockchain technology for secure freight and logistics transactions. CargoX operates as a logistics technology company focused on optimizing supply chain operations through innovative solutions. The company was founded in the UAE and has not pivoted its core business strategy since inception. It has successfully raised a total of USD 250.

00 mn, with its latest funding round occurring on June 2, 2026, led by BlueFive Asset Management. CargoX offers a suite of innovative solutions designed to optimize logistics and supply chain operations through advanced artificial intelligence technology. Their core product includes a blockchain-based platform that enables secure and efficient document transfer and verification for freight and logistics transactions. This solution addresses key challenges faced by businesses in the shipping industry, such as paperwork delays, data discrepancies, and lack of transparency in tracking shipments.

The platform has been integrated into various logistics operations, serving a diverse client base that includes freight forwarders, shipping companies, and manufacturers across major geographical markets, including North America, Europe, and parts of Asia. With these offerings, CargoX enhances operational efficiency, reduces costs, and improves the overall reliability of supply chains for end users. CargoX generates revenue primarily through a subscription model, where clients pay for access to their blockchain platform and associated services. Customers engage in transactions by subscribing to different service tiers, which may include features such as enhanced data analytics, additional storage, and priority customer support.

Furthermore, the company may establish partnerships with logistics providers and industry players, facilitating a B2B transaction structure that maximizes the utility of their services. While specific pricing plans for these subscriptions are not disclosed, the structured tiered approach allows for scalable integration of their flagship products, ensuring that clients can customize their access based on operational needs and budget considerations. This model enables Cargo-X to maintain a steady income stream while expanding its footprint within the logistics sector. In June 2026, CargoX raised USD 250.

00 mn in venture funding led by BlueFive Asset Management. The company will use this funding to expand its autonomous logistics network across the UAE and international markets and invest in vehicle technology, operations infrastructure, and partnerships. CargoX plans to introduce new products that enhance its platform capabilities. Additionally, the company aims to expand into key international markets, further solidifying its presence in the logistics sector by developing innovative solutions that cater to diverse client needs.