Roambee, a Santa Clara, Calif.-based supply chain visibility provider, closed an over $18m Series B1 funding round.
The round was led by Temasek-backed Reefknot Investments.
The company intends to use the funds for further expansion of its technology, services and global market penetration ahead of its Series C round targeted for Q2 2021.
Led by CEO Sanjay Sharma, Roambee provides more than 300 global enterprises with real-time location and condition monitoring solutions to solve the logistics challenges inherent to the pharma industry – for example, clinical trials, cryogenics, hospital medication, etc. – as well as market sectors including food and beverage, chemicals, automotive, manufacturing, and logistics.
The cloud platform is powered by purposefully built multi-sensor IoT hardware and clever use of global connectivity options to monitor at scale, while Robotic Process Automation (RPA) automates processes for transparent business operations.
The company has regional offices in Mexico, Brazil, UK, Germany, UAE, India, Malaysia and Indonesia.