We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » Tive lands $54 million to support shipment tracking tech

Tive lands $54 million to support shipment tracking tech

Boston firm adds sensors to cargo to measure acceleration, temperature, humidity, light, and shock.

tive Screen Shot 2022-04-11 at 11.46.57 AM.png
April 11, 2022
Supply Chain Quarterly Staff
No Comments

The in-transit visibility solution provide Tive Inc. today said it has raised its largest venture capital round to date with a $54 million injection supporting its technology for tracking and monitoring logistics shipments.

The “series B” round was led by AXA Venture Partners, with participation from Sorenson Capital, Qualcomm Ventures, Fifth Wall, SJF Ventures, and Floating Point Ventures, as well as existing investors RRE Ventures, Two Sigma Ventures, NextView Ventures, Hyperplane Ventures, Broom Ventures, and Supply Chain Ventures. It brings the Boston-based firm to a total of $80 million raised to date.

Tive says that the use of trackers in logistics will continue to proliferate as technology becomes more cost-effective, available, faster, and smaller. Taking advantage of those trends, the company says it packs increasing functionality onto its tags, including: accelerometers, temperature sensors, humidity sensors, light sensors, shock sensors, and radio and wireless communication links.

In 2021, Tive announced a partnership with FourKites to combine Tive’s asset-tracking visibility inside the trailer with FourKites’ in-cab telematics and ETA (estimated time of arrival) capabilities. Together, those functions can help shippers, carriers, and third-party logistics services providers (3PLs) to gain greater insight into in-transit shipment data, the partners said.

Team Tive is proud and excited to announce our $54M Series B round of funding.

Read more about our journey to this point from our CEO & Founder, Krenar Komoni >> https://t.co/R2g5VXQRnS#supplychain #visibility #TeamTive pic.twitter.com/xAImFLcFos

— Tive (@tiveInc) April 11, 2022
Logistics Technology
KEYWORDS Tive, Inc.
    • Related Articles

      Tech startup Slync lands $24 million in VC after former CEO allegedly stole $28 million

      Tech startup CloudTrucks lands $115 million backing for "business in a box" platform

      TeleSense Lands Support of Top Investors and Ag Industry Luminaries to Drive Global Expansion

    Recent Articles by Supply Chain Quarterly Staff

    Investors predict rising business in rail freight

    Manufacturing, B2B ready for AI overhaul

    FTR: trucking conditions remained in “solidly negative territory” in July

    You must login or register in order to post a comment.

    Report Abusive Comment

    Most Popular Articles

    • Positive drug tests in U.S. workforce rise to 20-year high as marijuana is legalized

    • Wabash opens trailer manufacturing facility in Indiana

    • Six defining challenges of omnichannel fulfillment

    • Postal advocacy group says “excessive” July 9 stamp price hike will hurt consumers

    • CPKC and CSX buy rail assets from Genesee & Wyoming

    Featured Video

    8757b894 244c 4429 b5d8 e6df7b479d82

    Penalties for Wood Packaging Material Violations

    Viewer Contributed
    Our Services Include: Customs Broker Denver Freight Forwarder Denver Global Logistics Denver Cargo Insurance Denver Customs Bond Denver Customs Clearance Denver Customs Duty Denver Isf Filing Denver More details: Phone : 281-445-9779 Email: info@gallaghertransport.com Website: gallaghertransport.com

    FEATURED WHITE PAPERS

    • Five questions to ask before electrifying your indoor forklift fleet

    • Operator assist system myths busted

    • Three layers of forklift safety: Promoting operating best practices

    • The Complete Guide to Automated Packaging

    View More

    Subscribe to Supply Chain Quarterly

    Get Your Subscription
    • SUBSCRIBE
    • E-NEWSLETTERS
    • ADVERTISING
    • CUSTOMER CARE
    • CONTACT
    • ABOUT
    • STAFF
    • PRIVACY POLICY

    Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing