Savi Technology, an Alexadria, VA-based provider of big data/machine learning analytic solutions, supply chain management software and sensor technology, raised $7.5m in financing.
The round was led by Eastward Capital Partners, which was joined by current internal investors.
The company intends to use the funds to accelerate development of its in-transit visibility and analytics suite and expand commercial and government market growth.
Led by Rich Carlson, Chief Executive Officer, Savi Technology delivers live streaming facts and insights about the location, condition, and security of in-transit goods. Using big data and analytics, the company equips shippers, carriers, 3PLs, and governments with actionable insights to optimize supply chains before, during and after transit, reducing costs and inventory while improving service.
Savi supports large and complex supply chain networks for large CPG companies, Pharma, the US DoD and over a dozen government agencies around the globe.