Tive, a provider of supply chain and logistics visibility technology, has closed a $40 million investment to bring groundbreaking real-time shipment tracking and monitoring solutions to the industry.
The Series C funding 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.
Tive helps supply chain and logistics teams improve risk management, on-time performance, customer experience, and quality assurance by monitoring the real-time location and condition of in-transit shipments around the globe—across all modes of transportation. Tive’s end-to-end visibility solution includes innovative multi-sensor trackers, an intuitive and intelligent cloud platform, and an optional professional services team that monitors shipments in real time 24/7.
Krenar Komoni, Founder and CEO of Tive, said: “Armed with this Series C capital infusion, we are excited to embark in the new chapter of Tive: to build the next-gen innovative solutions that will help our customers run their supply chains even more efficiently.”