# Cubex Global

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/cubex-global

- Industry: Internet
- Headquarters: New York, US
- Website: www.cubex.global
- Total disclosed funding: $1M
- Latest round: Seed (Jul 26, 2020)
- Investors on record: 1

## About

Cubex Global INC is a logistics technology firm that specializes in innovative solutions for shipping services. Their platform enhances shipping efficiency through real-time bid submissions and bookings, utilizing blockchain for secure documentation.Cubex Global was founded in 2016 and is headquartered in New York, US. The company provides a platform that connects businesses with shipping services, streamlining the logistics process. The firm has had one significant deal, raising USD 1 million in Seed funding in July 2020, led by Oman Technology Fund. The CEO is Ahsan Tariq, and the founder is Wajiha Paracha, with a background in logistics and technology.Cubex Global specializes in innovative logistics solutions, prominently featuring instant bids and bookings for shipping services. Their core offerings streamline the shipping process by enabling real-time bid submissions and reservations, effectively removing the cumbersome paperwork traditionally associated with logistics. Utilizing blockchain technology, Cubex Global ensures the integrity of shipping documents, which is vital for maintaining trust in transactions. The platform is designed for a diverse clientele, including businesses engaged in international trade, logistics companies, and freight forwarders, facilitating shipments across various countries, with a focus on North America, Europe, and Asia-Pacific regions. By consolidating real-time tracking and centralized management of documentation in a single dashboard, Cubex Global addresses the inefficiencies of conventional shipping methods, thus enhancing decision-making processes for their users.Cubex Global generates revenue through a transactional model that involves instant bookings and shipments based on user-defined criteria, such as shipment mode and type. Clients utilize the platform to place bids for shipping services, which can occur on a per-shipment basis or through subscription models for regular users. The transaction structure can include direct business-to-business interactions, facilitating immediate bookings with associated charges based on the service selected. While specific pricing plans are proprietary, the company’s offerings position them as competitive within the logistics sector, appealing to clients who prioritize efficiency and simplicity in their shipping operations. The combination of instant bidding and cloud-based paperwork management enhances customer satisfaction, potentially leading to increased transaction volumes as businesses continuously utilize their platform for logistics needs.Cubex Global plans to utilize the recent Seed funding of USD 1 million raised in July 2020 to enhance its platform and expand its market presence. The company aims to develop new features for its logistics solutions, targeting a launch by mid-2021. Additionally, they are focusing on expanding their services into the Asia-Pacific region by 2022, aiming to strengthen their foothold in international trade logistics.

## Funding rounds

- Seed, Jul 26, 2020, $1M — Oman Technology Fund

## Investors

- Oman Technology Fund (https://capitalatlas.ai/funds/oman-technology-fund) — Seed