USA – Tive, a Boston, MA-based supply chain and logistics visibility tech platform provider, closed a $54M Series B funding.
The 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 the existing investors RRE Ventures, Two Sigma Ventures, NextView Ventures, Hyperplane Ventures, Broom Ventures, and Supply Chain Ventures. The company intends to use the funds to expand its international presence, with growth of global sales and marketing initiatives, accelerate the development and introduction of next-generation solutions, services and bring actionable supply chain intelligence and 24/7 monitoring to the market.Led by Krenar Komoni, Founder & CEO, Tive is a provider of real-time supply chain visibility insights that help logistics professionals actively manage their in-transit shipments’ location and condition. With Tive, shippers, carriers and logistics service providers (LSPs) eliminate delays, damage and shipment failures. The solution provides data generated by its trackers allowing clients to actively optimize their shipments, improve their customers’ experience, and unlock supply chain insights in an actionable real-time manner.In 2019, the company founded the Open Visibility Network (OVN) which makes shipment-level data and insights available to mutual customers and is open to all leading technology-enabled stakeholders. Current OVN members and partners include project44, FourKites, TransVoyant, FarEye, Marine Traffic, Everstream Analytics, and many more. In 2021, Tive grew its revenue by over 300%, acquired more than 200 new customers and expanded its global footprint. 11/04/2022
