CargoSense, a Reston, Virginia-based smart data and MicroAnalytics Software-as-a-Service (SaaS) company focused on supply chain logistics intelligence, raised an additional $1m in seed financing.
Backers included existing angel investors.
The company, which has now raised a total of $3.67m and is working towards the closure of their Series A funding round, will use the funds for new product innovations and customer acquisition activities through focused sales and marketing efforts.
Led by CEO Rich Kilmer, CargoSense is a smart-data and MicroAnalytics Software-as-a-Service (SaaS) company that has created collaborative supply chain software that collects data with sensor technologies and is available via tablet, Web, and mobile devices. Powered by a centralized Application Programming Interface (API) and SaaS applications, the platform focuses on optimizing logistics networks to reduce product loss, transportation & packaging costs, and optimize quality control processes in healthcare, food, medical devices and other industries with complex supply chains.