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One of Tive’s wireless tracking devices.Image Credits:Tive
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The spheric supply chain is under breed , and one of the reasons is a want of visibility into how shipments are being transported around the world . Accordingto one late survey , most half of the organizations poll reported own little - to - no visibility into their upstream supplying chain .
In hunt of a remedy , Krenar Komoni , who ’d for years helped his father - in - law track his motortruck fleet , foundedTive , a startup that ’s modernise tech to nail payload shipments in veridical time .
Tive sells single - use trailing gadget that can be linked to its cloud political platform to allow companies in industries like aliveness sciences and food and beverage check the condition of their freight . In increase to tracking location , Tive ’s sensors can supervise temperature , humidness , light , and “ jounce ” — i.e. physically tearing motion .
Through Tive ’s swarm political program , its client can get material - clock time alerting , analytics , and information share-out puppet .
“ Tive tracker have give millions of real - prison term shipment alert , ” Komoni told TechCrunch in an interview . “ Our tracker provide a three - bifurcate attack to location accuracy , combining cellular triangulation , Wi - Fi location , and GPS . ”
Tive did n’t start as a freightage - tracking caller . In its early days , the startup focused on serve carriers and truckers cover their vehicles . But Komoni , who has a background in receiving set relative frequency and chip design engineering , saw a much bounteous chance in monitoring loading themselves .
Tive claim to have more than 900 client today in sectors like pharmaceuticals and “ eminent - value ” goods , as well as military and politics clients . The company is generating receipts from those customers in a number of fashion , Komoni says , including through annual software program fees for its swarm platform , tracker sales , and shipment monitoring serving .
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Komoni wait Tive will attain profitability in 2026 .
“ Tive ’s focusing on supply chain solutions for all type of goods — durable , nondurable , perishable , industrial , consumer , and so on — positions it well to brave out broad tech retardation and recession , ” Komoni said . “ Despite the freight niche , which has been the norm since the end of COVID-19 , Tive has systematically grown 50%+ year - over - year , and expects to grow at an accelerated rate in 2025 . ”
To expand its Boston - based work force of around 243 employee , Tive recently raise $ 40 million in a Series C round Centennial State - run by by World Innovation Lab and Sageview Capital with participation from AVP , RRE Ventures , Two Sigma Ventures , Qualcomm Ventures , Fifth Wall , Supply Chain Ventures , and Sorenson Capital .
The Modern uppercase brings Tive ’s sum raised to $ 120 million . In add-on to hiring , Komoni say the unexampled cash will be put toward developing new products , expanding Tive ’s sustainability programs ( including its tracker recycling programme ) , and bestow the platform to more countries .
