Tive, a Boston, MA-based supply chain and logistics visibility technology company, raised $40M in Series C funding.
The round was led by WiL (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 company intends to use the funds to accelerate growth and enhance its leadership in supply chain and logistics visibility technology.
Led by CEO and Founder Krenar Komoni, Tive specializes in supply chain and logistics visibility technology. Its cloud platform, patented sensor technology, and 24/7 Live Monitoring services reduce excursions and delays, minimize rejected loads, and decrease theft, damage, and spoilage. Its Green Program reduces electronic waste by renewing and recirculating trackers and extending their life.
More than 900 global shippers, logistics service providers, and retailers use it to monitor shipment location and condition in real time, gain actionable insights, and ensure end-customer satisfaction.