Tive raises $54 million
Tive, a provider of real-time supply chain visibility insights, announced the closing of a $54 million Series B funding 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.
Founded in 2015, the Boston-based company combines software and hardware (multi-sensor trackers) to help shippers, carriers and logistics service providers reduce delays, damage and shipment failures. Tive has delivered real-time shipment visibility in more than 200 countries, and helped save “thousands of shipments from being delayed, damaged, spoiled, or rejected.”
“Tive helps supply chain and logistics professionals bring their customers to the forefront and improve the experience of their deliveries. We empower every shipper and logistics service provider with the best visibility and monitoring tools. We are committed to developing products that create a seamless experience and don’t get in the way of our customer’s daily operations. With ongoing dedication from our investors, we continue to innovate and serve our customers while strengthening our position as a global provider of shipment insights that power the next generation of sustainable and efficient supply chains.” – Krenar Komoni, Founder & CEO of Tive.
“Tive has been scaling at an impressive rate, executing decisively on its vision where everything and everyone is connected. Supply chain visibility has become critical in solving large-scale problems in the world today, and Tive has emerged as the global market leader. The breadth of data Tive offers and ease of access for shippers, logistics providers and carriers are best in class. We believe that Tive’s next-gen solution and highly valuable network will continue to drive massive growth.” – Alex Scherbakovsky, general partner at AXA Ventures Partners.