Tive, Inc., a Boston, MA-based provider of global supply chain visibility insights, secured a $12m Series A funding.
The round was led by RRE Ventures and Two Sigma Ventures, with participation from existing investors NextView Ventures, Hyperplane Ventures, One Way Ventures, Fathom Ventures, and others.
The company intends to use the funds to accelerate growth and drive product innovation for shipment tracking, alerts and analytics.
Led by Krenar Komoni, CEO, Tive is a provider of global supply chain visibility insights providing real-time visibility into the entire shipment process, including hyper-accurate location data and condition insights such as temperature, shock, light exposure and humidity. With its Visibility as a Service (VaaS) platform, shippers and third-party logistics providers (3PLs) can track and monitor the location and condition of their products while in transit.