Tive offers technological solutions to enable real-time supply chain visibility, helping organizations monitor and optimize their logistics operations. The company's solution includes the use of IoT-enabled tracker devices to capture and transmit data to cloud-based platforms, which will provide users with real-time visibility into their supply chain operations.
In addition to location tracking, the solution also provides users with insights into the temperature, humidity, shock, and light conditions of shipments in real time. Further, the platform is equipped with data analytics, alerting, and reporting capabilities to enable data-driven decision-making and process optimization. The company’s solution has been adopted in industries such as food and beverage, high-value goods, life sciences, and transportation and logistics. In 2023, the company celebrated the sale of its one millionth tracker.
In July 2024, Tive has partnered with cloud-native transport management software provider Transport Pro. The partnership focused on offering an additional layer of protection to shipments by integrating Tive trackers with Transport Pro's native visibility tools to provide real-time cargo tracking.
In 2023, Tive reported a revenue growth of 50% YoY. During the year, Tive added nearly 300 new customers and saw sales to existing customers increase by 144%.
Key customers and partnerships
As of April 2022, the company was reported to have 350 customers. Some of the customers included leading companies such as DSV, Johnson Controls, Nissan, Crane Solutions, Hellmann Worldwide Logistics, Alpine Fresh, and Bollore Logistics. The company also claimed that its platform is used by one of the world’s largest logistics companies to track pharmaceutical shipments across the globe.
In 2021, the company announced its partnership with FourKites to offer shippers, carriers, and third-party logistics service providers (3PLs) an integrated platform that provides greater insight into in-transit shipment data. Also in April 2023, the company announced its strategic partnership with Freightflow to provide Freightflow's perishable shipping customers with real-time supply chain visibility.
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