Transship Corp

Transship Corp is a Chicago, Illinois-based digital freight forwarding and SaaS company focused on the international shipment of perishable goods. Its platform is positioned as an AI-powered system covering both land and sea legs of transatlantic logistics, offering immediate quotes and bookings, real-time tracking, shipment visibility and cost reduction, so that shippers deal with a single counterparty for their logistics needs. The company states it holds agreements with major shipping-industry suppliers, which it presents as the basis for its pricing.

The product is described as B2B and IoT-based: the shipper uploads shipment details (commodity, dates, origin and destination, consignee) and required documentation, and Transship communicates with vendors on the back end via API and blockchain technology, replacing the phone calls, emails and faxes that the company says characterize conventional shipment processing. Each shipment processed through the platform carries a tracking device providing location, real-time status and real-time temperature readings. Transship has a working agreement and partnership with TradeLens, the Maersk-IBM joint venture, to use its API and blockchain technology. The company also references refrigerated container services provided to exporters during pandemic-era supply chain disruption.

Transship Corp LLC is incorporated as a C-corp, was founded in October 2017 and is at a prototype-ready stage with about three employees. Its leadership includes founder and CEO Amit Hasak, who has over 25 years in logistics and cold storage warehousing and prior experience as a financial analyst and in economic development; co-founder and CTO Lily Gulik, whose background is in technology sales at companies including SAP, Oracle, IBM, Dell, CSC, Keane, BearingPoint, Google (DoubleClick Performics) and Teradata; and CMO Mike Ki, with 15 years of sales experience at MSC and Kuehne & Nagel.

Founding story

Founded in October 2017 by Amit Hasak, who serves as CEO and brings more than 25 years in logistics and cold storage warehousing, together with co-founder and CTO Lily Gulik, whose background is in enterprise technology sales.

Business model

B2B digital freight forwarding combined with a SaaS platform: shippers book and manage international shipments of perishable goods through Transship, which interfaces with carriers and other vendors via API and blockchain integrations and supplies tracking hardware on each shipment. The company states it has agreements with major shipping suppliers intended to secure pricing for customers, with savings framed as accruing to both vendors and shippers.

Revenue is tied to freight forwarding of international perishable shipments booked through the platform, with the company citing competitive rates secured through supplier agreements; the sources do not specify pricing terms.

Traction

Prototype-ready stage with roughly three employees and a 1-10 headcount range; a working partnership with TradeLens; and customer testimonials citing refrigerated container services for exporters, rate competitiveness and responsiveness.

Latest developments

The company is listed at pre-seed stage and has stated it is seeking $3 million to $5 million in seed funding.