Tives consumers include Alpine Fresh, Crane Worldwide Logistics, Fastly, Aviagen, Hellmann Logistics, and BOA Logistics. One of the worlds largest logistics business uses the platform to track pharmaceutical shipments across the world, which Tive notes has taken on newly found significance with COVID-19 vaccine shipping underway, due to the temperature level and shelf-life factors to consider for the front-running vaccines.” Given the growing need for Tives complete line of tracking services, it was obvious that now was the time to considerably expand our capability to meet industry demand,” CEO Krenar Komoni, who cofounded Tive in 2015 with Rob Stevens, stated.
Tive, a start-up whose platform captures real-world information to inform supply chain decisions, today raised $12 million in an endeavor equity deal. Tive says itll invest the funds in item R&D as it aims to expand geographically and employ on brand-new employees.
The matching and pandemic rise in online shopping threaten to push supply chains to the breaking point.
Tive provides clients throughout markets like customer packaged products, logistics, produce, and retail real-time visibility into the delivery process, including location data and metrics like temperature level, shock, light direct exposure, and humidity. The businesss 5G-ready, non-lithium battery-powered trackers and cloud-based software provide presence into a shipments condition, permitting shippers to develop profiles, set customized alerts, configure geofences, and utilize an API to pull data into existing record-keeping systems.
The Tive platform analyzes deliveries data and turns it into actionable, real-time insights. It provides signals, reports, and tools to help customers enhance and understand supply chains.
Tives customers consist of Alpine Fresh, Crane Worldwide Logistics, Fastly, Aviagen, Hellmann Logistics, and BOA Logistics. Among the worlds largest logistics business uses the platform to track pharmaceutical deliveries across the globe, which Tive notes has taken on newfound value with COVID-19 vaccine shipping underway, due to the temperature and shelf-life factors to consider for the front-running vaccines. 2 vaccines– from Moderna and Pfizer– must be kept at temperature levels below minus 20 degrees Celsius.
” Given the growing demand for Tives complete line of tracking solutions, it was apparent that now was the time to significantly broaden our capability to fulfill industry need,” CEO Krenar Komoni, who cofounded Tive in 2015 with Rob Stevens, stated. “Gaining the assistance of RRE Ventures and Two Sigma Ventures, along with our present valued investors, indicates we can utilize their proficiency and concentrate on growing our customer-centric platform. The infusion of development capital indicates bringing items to market faster, boosting our sales and marketing efforts, including essential management, and growing our international presence.”
RRE Ventures and Two Sigma Ventures led the series A round revealed today, with involvement from existing investors NextView Ventures, Hyperplane Ventures, One Way Ventures, Fathom Ventures, and others. It brings Tives total raised to date to over $16 million.
