IoT-based supply chain tracking startup Tive raises $3.14M Seed round


Jun 12 2017

Tive, a Boston-based sensor-driven supply chain tracking startup raised $3M seed funding. The round was led by led by VC firm Accomplice and NextView Ventures as well as existing investors Bolt and Hyperplane. The announcement was made on June 5, 2017, and the proceeds will be used to further develop the sensor and cloud software platform of Tive.


Tive Device and Dashboard


Tive’s solution provides large shippers and manufacturers real-time visibility into the location and condition of shipments. The solution consists of multi-sensor cellular-connected trackers, a cloud-based software and the Tive API.

The hardware component is a low-power multi-sensor internet-connected tracker that uses cellular connectivity to provide real-time monitoring of shipments. The sensors can track location, temperature, humidity, shock, and orientation.

Tive Hardware

The cloud-based software can be used to set custom alerts and configure geofences. Additionally, shipping customers can use the Tive API to pull data in their ERP or SCM systems.


More Details

Highlights

+ Tive's solution is applicable in industry verticals such as electronics, pharmaceutical, medical devices, industrial equipment, and automotive.

+ Asset Tracking and Supply Chain Visibility are two primary use cases of Tive's internet-connected solution.

+ The startup will be hiring in coming months in a number of areas, including hardware and software engineers.

Additional Coverage

- http://www.builtinboston.com/2017/06/05/tive-raises-3m-funding-expand-supply-chain-visibility

- http://www.dcvelocity.com/conference_reports/promat2017/20170404-fortna-and-schematic-ventures-host-reception-for-logistics-startups/

- http://bostinno.streetwise.co/2017/02/06/13-promising-startups-at-techstars-boston-2017/


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