# Starboard Systems

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/starboard-systems

- Industry: Software
- Headquarters: Toronto, Canada
- Website: www.starboard.biz/
- Total disclosed funding: $5.5M
- Latest round: Seed (Dec 17, 2024)
- Investors on record: 3

## About

Founded in 2024 and based in Ontario, Canada, Starboard Systems Inc. develops logistics solutions for freight forwarders. Sumeet Trehan (CEO) and Junyu Yang (CTO) are the co-founders of the company. In December 2024, Starboard Systems Inc. raised USD 5.5 million in seed funding led by Eclipse Ventures, including Everywhere Ventures and Garuda Ventures.

The company’s core offerings include the Starboard OS and the Quote Tool, both aimed at streamlining operations and enhancing productivity within the freight industry. Starboard OS automates critical functions such as shipment tracking, invoice reconciliation, and payment follow-ups, integrating real-time data from over 75 shipping lines and 300 airlines. This product is geared towards small to medium-sized businesses (SMBs) in the freight forwarding sector, aiming to eliminate tedious tasks and enable teams to focus on business growth. The Quote Tool utilizes AI technology to generate accurate and competitive quotes in seconds by analyzing various parameters, which helps users respond to requests for quotations (RFQs).

Starboard Systems Inc. generates revenue through a subscription-based model for its software products, specifically the Starboard OS and the Quote Tool. The company’s clients, primarily SMB freight forwarders, engage with the company through direct subscriptions, allowing access to the platform's functionalities for a recurring fee.

The organization plans to use the December 2024 funding to enhance its artificial intelligence-based logistics platform.

## Funding rounds

- Seed, Dec 17, 2024, $5.5M — Eclipse Ventures, Everywhere Ventures, Garuda Ventures

## Investors

- Eclipse Ventures (https://capitalatlas.ai/funds/eclipse-ventures) — Seed
- Everywhere Ventures (https://capitalatlas.ai/funds/everywhere-ventures) — Seed
- Garuda Ventures (https://capitalatlas.ai/funds/garuda-ventures) — Seed