Transparent Path spc

SEED-STAGE • LOGISTICS TECH • FOR-PROFIT • SOCIAL PURPOSE CORPORATION. For buyers and sellers of perishable goods, Transparent Path creates real-time, end-to-end supply chain visibility technologies that reduce waste, cost, and risk.  WHO WE ARE: Former senior executives from the food, tech, and social impact sectors, from companies like Amazon, IBM, Xerox, Microsoft, Target, and General Mills. We came together in 2020 to use the skills we honed over long careers to create meaningful positive impacts. Our social mission: to keep food, medicines and other critical perishables out of landfills.  Founded as an LLC in 2018. Restructured and launched as a social purpose corp (C-corp) in 2020.  PROBLEM Supply chain data technologies have been underfunded for generations — still largely powered by paper, faxes and disconnected systems. These antiquated approaches were incapable of handling the enormous systemic strains caused by pandemic-related labor and equipment shortages, disruptions, and growing, complex regulation. Paper systems mean shippers and receivers can't manage what they can't see. So we decided to combine a number of advanced technologies and new approaches for today's challenges, including AI, IoT, 5G, printed electronics, and machine vision. SOLUTIONS We bring both software and hardware solutions to the market to reduce cost, waste, and risk in perishable supply chains.  -- PRODUCT 1: The Transparent Path Visibility Platform (PaaS). Customers affix our continuously-connected cellular sensors to pallets entering the supply chain. These sensors constantly capture and report the location, temperature, humidity, and other factors for these shipments into our visibility cloud. This platform was built with collaboration in mind. Supply chain partners are grouped in Consortiums — dynamic partnerships based around common trade relationships. Product customers are tracked, easing data sharing and showing who's ''got the ball.''  When location or conditions jeopardize our customers' products, we send out real-time alerts to the appropriate parties who can intervene and save the shipment, along with its freshness, safety, and financial value.  -- PRODUCT 2: FreshScore™ - our patented predictive freshness algorithm targeted at buyers. FreshScore uses both production data and supply chain environmental data to predict the freshness of perishables before they arrive at retail. This unique algorithm arms food producers with quality control data, allowing for the routing of the best product to the best customers, minimizing surprises and rejections. It also helps reduce waste by anticipating freshness and viability issues before they occur. We are partnering with ReFED, the top food waste non-profit, to bring this technology to market. -- PRODUCT 3: ProofScore™ - our ''credit score for transparency.'' ProofScore is a patented algorithm that scores perishable producers and products based on data transparency. The more data shared with supply chain partners and consumers, the higher the ProofScore.  ProofScore puts information into the hands of consumers, answering the question, where did this product come from? How did it get to me? What happened to it along the way? ProofScore-ranked products can command higher margins and grow stronger customer satisfaction. We are partnering with a large Japanese multinational firm on its development.  -- PRODUCT 4: ProofTracker - our eco-friendly sensor device. This advanced temperature/humidity/shock tracker is a cellular gateway built on biodegradable materials.    BENEFITS Our products reduce customers' supply chain losses, retailer rejections, insurance premiums, wasted time, and labor costs spent on reconciliations. They also reduce negative impacts to natural capital, including keeping food and perishables out of landfills. Using our system, all supply chain partners know exactly what's happening to products in transit — reducing disputes while improving collaboration and trust. And customer relationships are maximized by the delivery of fresh, safe products at full margin.  CUSTOMER PROFILE Transparent Path technologies support food, pharmaceuticals, blood/plasma, transplant organs, and construction chemical shipments. The company also currently provides asset tracking for high-end hard goods.  PARTNERSHIPS Transparent Path has created partnerships with Intel, T-Mobile, Duke University, and ReFED. Intel has donated hardware, software, and ongoing counsel since 2020. We are working with Second Sun Laboratories to develop the most advanced hardware in the market, and with a large multinational Japanese tech manufacturer to develop ProofScore.  ACCELERATORS/INCUBATORS Over its short tenure, Transparent Path has been accepted into numerous accelerators, including 5G Open Innovation Lab, Microsoft for Startups, NewChip, and most recently, Plug and Play IoT.  FUNDRAISING To date, Transparent Path has been funded via bootstrapping, two RegCF raises, three grants, and four angel investors. In April 2023, the company was awarded grants totaling $440,000 from the National Science Foundation, ReFED, and the State of Washington. The company is building traction toward a Series A that will fund sales scaling and feature expansion.   FOR MORE INFORMATION Headquartered in the US, Transparent Path was founded by Eric Weaver, a 30-year enterprise transformation specialist. Prior to founding the company, Weaver launched the Xerox Customer Experience Practice, where he managed a $550M services book of business. His executive team includes senior leaders from Amazon, General Mills, Microsoft, Target, KraftHeinz, Xerox PARC, and the University of California at Berkeley.  Please visit transparentpath.com to learn more.

Transparent Path spc is a Seattle-based logistics technology company that provides real-time, end-to-end shipment visibility solutions to help businesses reduce costs, risks, and waste in their supply chains. Their platform utilizes advanced technologies such as 5G, IoT, AI, and cloud computing to continuously monitor shipments and provide insights into location, temperature, humidity, tilt, shock, acceleration, light exposure, and door openings.

Sterilize with ease: The future of hygiene technology

Hygiene Tech

Transparent Path is a logistics technology company that provides real-time, end-to-end shipment visibility solutions to reduce costs, risks, and environmental impact in supply chains. The company's platform utilizes advanced technologies including 5G, IoT, AI, and cloud computing to monitor shipments continuously. Transparent Path's system tracks various parameters such as location, temperature, humidity, tilt, shock, acceleration, light exposure, and door openings. This comprehensive monitoring helps ensure product quality and freshness, particularly for perishable goods in industries like food and beverage, pharmaceuticals, biomedical products, sensitive chemicals, and high-value assets.

Making cold chains faster, smarter, and cooler.

Cold Chain Innovation

Transparent Path

Transparent Path spc is a Seattle-based logistics technology company that provides real-time, end-to-end shipment visibility solutions to help businesses reduce costs, risks, and waste in their supply chains. Their platform utilizes advanced technologies such as 5G, IoT, AI, and cloud computing to continuously monitor shipments and provide insights into location, temperature, humidity, tilt, shock, acceleration, light exposure, and door openings.Transparent Path's offerings are designed to protect the efficacy of products during transit, especially for perishable goods like food, beverages, pharmaceuticals, biomedical products, sensitive chemicals, and high-value assets. Their proprietary machine-learning algorithms enable predictive analytics, such as FreshScore, to forecast product freshness.The company's business model revolves around attaching advanced cellular sensors to shipments, enabling real-time monitoring and collaboration with supply chain partners. Their platform facilitates seamless handoffs and tracks changes in custody throughout the supply chain journey.Transparent Path's flexible pricing model allows customers to use and reuse the trackers as needed, paying only a monthly fee based on their requirements. The company targets businesses that regularly ship loads worth USD 50,000 or more, deal with highly perishable goods, experience losses due to supply chain disruptions, or burn cash on claims and reconciliations.In 2023, Transparent Path secured a USD 1.6 million seed funding round and announced a key partnership to fuel its expansion into the Southern Hemisphere. Additionally, the company was awarded grants totaling USD 411,750 from the National Science Foundation and ReFED to develop a biodegradable sensor and reduce food waste, respectively.

Mojix is a leading supply chain SaaS platform that provides item-level inventory management and traceability solutions. The company's cloud-based platform modernizes inventory and asset management, facilitating omnichannel order fulfillment, increasing operational efficiency, improving inventory accuracy, and enhancing the customer experience. Mojix's solutions leverage unique digital identities assigned to individual products, enabling complete product lifecycle visibility from origin and manufacturing through distribution centers, stores, and even post-sale.
Mojix's item-level traceability capabilities track billions of unique identities, following item lifecycles from source to shelf. The company's platform collects event data whenever an item's status changes, streaming it into the Mojix platform for processing along a lifecycle data model. This allows users to access real-time status and history of any item, with superior visibility and accuracy exceeding 99%.
Founded in 2004 and headquartered in Austin, Texas, with offices across the US, Europe, and South America, Mojix serves leading clients from diverse industries, including food & beverage, luxury brands, manufacturing, industrial, aerospace & defense, and retail. In May 2022, Mojix was acquired by an affiliate of Peak Rock Capital, a leading middle-market private investment firm, providing growth capital to accelerate Mojix's product roadmap, organic growth, and strategic acquisitions.
Key customers and partnerships
Mojix and its partner Coriel, a systems integrator specializing in RFID, IoT, and Industry 4.0 solutions, were selected by Tosca, a global provider of reusable container solutions for the food industry, to implement an RFID-based traceability solution across Tosca's European sites as of January 2023. The SaaS-based solution enables real-time, item-level visibility of Tosca's reusable pallets and containers, reducing waste from asset loss, optimizing asset management through increased rotations, and improving service quality for Tosca's customers.

Mojix

Alen Corporation, founded in 2005 and based in Austin, Texas, is a leading manufacturer of high-quality air purifiers. The company's flagship product line, the BreatheSmart series, includes models like the 75i, 45i, and FLEX, designed to clean air in spaces ranging from 700 to 1,300 square feet. Alen's air purifiers utilize True HEPA H13 filters, which can capture 99.99% of airborne particles as small as 0.1 microns, including dust, allergens, pollen, pet dander, mold spores, and bacteria.
The BreatheSmart purifiers feature advanced technology such as laser sensor-based air quality detection, auto-adjusting fan speeds, and color-coded LED rings to indicate air quality levels. Alen's units are known for their quiet operation, with noise levels as low as 25 decibels.

Alen

ECOVACS is a leading global company specializing in intelligent home robotics and cleaning solutions. Its product offerings include DEEBOT robotic vacuum cleaners, WINBOT window and surface cleaners, and AIRBOT air purifiers. ECOVACS has integrated cutting-edge technologies such as LiDAR, artificial intelligence, and vision sensors into its products to enhance cleaning efficiency and automation.
The DEEBOT X2 OMNI, launched in September 2023, represents a revolutionary robotic vacuum cleaner with a square design capable of reaching corners and edges. It features a 20 cm main brush, advanced navigation through Dual-Laser LiDAR and AI, real-time video call capabilities, and an impressive 8,000 Pa suction power. The OMNI Station allows self-cleaning, hot water washing, and drying of mopping pads, ensuring a hygienic cleaning experience.
In October 2022, ECOVACS unveiled the GOAT G1 robotic lawn mower, employing Robotic Vision technology to map lawns and boundaries without complex setup. The DEEBOT PRO, a commercial floor cleaning robot designed for large spaces, leverages HIVE shared intelligence across multiple robots for efficient mapping and cleaning.
With a history spanning over 20 years and operations in more than 60 countries, ECOVACS has established a strong global presence, particularly in Asia, Europe, and North America. By the end of 2022, Chinese robot vacuums, including ECOVACS, captured nearly 50% of the overseas market share.

Ecovacs

Therabody is a global pioneer in wellness technology, offering a range of innovative products and services to promote healthy living. The company's flagship product, the Theragun, is a percussive therapy device designed to alleviate pain and improve muscle recovery. Therabody's Theragun lineup includes various models, such as the Theragun Elite, Theragun Prime, and Theragun Mini, each with different speed settings, amplitude, and attachments to target specific muscle groups.
Therabody's technology utilizes percussive therapy, delivering quick, repeated strikes to the body to trigger blood vessels to dilate, increase circulation, and release muscle knots. The devices feature ergonomic designs, allowing for multiple grip options and ease of use. The brand has expanded its offerings beyond massage guns, introducing products like RecoveryAir pneumatic compression boots, PowerDot electrical stimulation devices, and TheraFace facial health devices.
In September 2022, Therabody raised USD 165 million in a growth equity round, valuing the company at over USD 1 billion. This funding allowed Therabody to further invest in hardware, software, services, and digital content, solidifying its position as a leader in the wellness tech industry. As of February 2024, the company offers its products in more than 60 countries and has nearly 600 granted patents globally, with over 200 more patent applications pending.
Key customers and partnerships
Therabody's customer base spans various industries, including professional and collegiate sports teams, fitness enthusiasts, and individuals seeking relief from muscle tension and pain. The company has partnered with several high-profile athletes, such as Kevin Hart and Aaron Rodgers, who have invested in the brand and promoted its products.
In February 2022, Therabody announced plans to expand its physical presence with the launch of Reset, a chain of whole-body wellness centers offering a range of services, including cryotherapy, light therapy, and hyperbaric chambers. By July 2022, the company aimed to have 22 physical locations, including Reset centers and standalone retail stores, across major US cities like Los Angeles, New York, Chicago, and Houston.

Therabody

Xenex Disinfection Services is a pioneering company that provides advanced UV disinfection technology to healthcare facilities worldwide. Their flagship product, the LightStrike robot, utilizes intense bursts of broad-spectrum pulsed xenon UV light to rapidly destroy pathogens on surfaces, including multi-drug resistant organisms like MRSA, C. diff, and VRE. This technology is scientifically proven, with over 45 peer-reviewed studies validating its efficacy in reducing pathogen transmission.
The LightStrike robots are designed to complement manual cleaning processes by disinfecting areas that may be missed during routine cleaning. They are effective against a wide range of viruses, bacteria, and spores, making them a valuable addition to healthcare facilities' infection prevention strategies. The company's patented technology is protected by 193 patents and has been deployed by over 1,000 hospitals worldwide.
Xenex's innovative approach has gained recognition from leading healthcare institutions such as HonorHealth, Mayo Clinic, MD Anderson, Ochsner Health, and Texas Health Resources, which have integrated the LightStrike robots into their disinfection protocols. The company's commitment to scientific evidence and a mission to improve global health has been the driving force behind its success.

Xenex

Technological devices used to keep an individual clean, specifically their body, teeth, and clothing to prevent illness and diseases.

Technological products and devices related to balancing a female's vaginal flora to prevent infections and vaginal diseases.

Technological equipment and devices used to keep an individual's house (such as domestic items, the air, and surfaces) clean to prevent illness and diseases.

Technological equipment and solutions that can be used in an industrial or domestic setting to control biological food hazards (such as microbes and bacteria) and to ensure food safety and quality for human consumption, preventing diseases and illness.

Technological equipment and devices used to ensure clean air, sanitation, and hygiene in public places to prevent illness and diseases.

Uses IoT for sensors and data gathering in both public environments and for personal hygiene

Provide solutions for environmental hygiene—can be used in smart cities for health and safety purposes

Transparent Path is a logistics technology company that provides real-time, end-to-end shipment visibility solutions to reduce costs, risks, and environmental impact in supply chains. The company's platform utilizes advanced technologies including 5G, IoT, AI, and cloud computing to monitor shipments continuously. Transparent Path's system tracks various parameters such as location, temperature, humidity, tilt, shock, acceleration, light exposure, and door openings. This comprehensive monitoring helps ensure product quality and freshness, particularly for perishable goods in industries like food and beverage, pharmaceuticals, biomedical products, sensitive chemicals, and high-value assets.
The company's platform is designed to facilitate collaboration and seamless handoffs throughout the supply chain, tracking changes in custody without requiring additional infrastructure. Transparent Path offers a unique, patent-pending freshness prediction metric called FreshScore, which uses proprietary machine-learning algorithms. The system aims to prevent lost loads, provide evidence for meeting service-level agreements, and help businesses reclaim costs lost to supply chain inefficiencies. Transparent Path's flexible pricing model allows customers to use and reuse trackers as needed, paying only for the trackers they require on a monthly basis.
Key customers and partnerships
Transparent Path has worked with Feeding America, a nationwide network of food banks. Rod Wieber noted that the company's technology has been added to loads shipped across the nation to food banks in the Feeding America network over the past year. The ability to track load location and monitor temperature has provided assurance that food arrives in optimal condition for quick distribution to those in need. Wieber stated that Transparent Path's sensors have exceeded expectations in terms of performance and reliability.

Modality Solutions, founded in 2011, is a leading biopharmaceutical cold chain engineering firm specializing in the validation, optimization, and regulatory approval of temperature-sensitive therapies. The company focuses on integrating cold chain operations, developing transport validation strategies, and supporting global regulatory applications for biopharmaceutical products. Modality Solutions' core offering is its unique Advantage Transport Simulation Laboratory in Bloomington, Indiana, which operates under an ISO 9001:2015 certified quality system. This lab is the only one of its kind that concurrently tests across five hazards that can impact drugs during transport: temperature, vibration, shock, pressure, and humidity.
The company's services include engineering consulting, systems integration, and simulation laboratory testing from drug discovery through distribution. Modality Solutions employs a team of chemical, biomedical, and mechanical engineers with expertise in cold chain management, package engineering, and regulatory compliance. Their approach combines best practices in process validation, systems qualification, and risk assessment to ensure product quality and patient safety. In 2021, Modality Solutions reported a 64% growth rate and was ranked No. 179 on the Inc. 5000 Regionals: Texas list. The company has also been recognized on Inc. Magazine's national list of fastest-growing private companies for three consecutive years, with a reported revenue growth of 120% between 2015 and 2018.
Key customers and partnerships
Modality Solutions serves a diverse range of clients in the biopharmaceutical industry, including emerging biopharmaceuticals, pharmaceutical manufacturers, cell and gene therapy developers, and companies working on drug-device combination products. Some of their notable clients include Teva, Immunomedics, Atara Bio, CSL Plasma, Abbott Vascular, and Regeneron. The company also works with public health organizations, assisting in the deployment of vaccines and therapeutics. Additionally, Modality Solutions collaborates with regulatory consultants and biopharmaceutical investors to provide cold chain validation services and strengthen due diligence processes for portfolio businesses.

Modality Solutions

Moffett Automation specializes in automated pallet storage solutions, with their flagship product being the Moffett Taxi System. The company's technology focuses on maximizing storage capacity in warehouses, allowing businesses to store more pallets per square meter than other automated storage solutions available globally. Moffett Automation's system is designed to utilize warehouse space efficiently, from floor to roof, enabling companies to scale their storage capabilities. The company combines innovative technology with seven decades of experience in the field to develop their solutions. Their automated storage system aims to streamline various aspects of warehousing operations, potentially leading to increased profits and operational efficiency for their clients.

Moffett Automated Solutions

NewCold is a global leader in advanced food logistics, specializing in automated cold storage and distribution solutions. The company operates state-of-the-art automated warehouses across Europe, Australia, and North America, with a total capacity of over 1.3 million pallet positions as of 2024. NewCold's facilities utilize proprietary software and technology to ensure food safety and quality while being approximately 50% more energy-efficient than traditional cold stores. The company's automated systems enable high-volume storage and retrieval, with some facilities capable of handling over 11,000 pallet movements per day.
NewCold's warehouses feature vertical layouts optimized for pallet storage, with some facilities standing over 14 stories tall. The company's technology includes automated pallet handling systems, unmanned stacker cranes, conveyors, and automated truck unloading systems. NewCold's proprietary warehouse management software and control systems are developed in-house, allowing for seamless integration with customers' ERP systems. The company also offers transportation services, utilizing a fleet of over 200 trucks and 500 trailers as part of its end-to-end supply chain solutions.
In recent years, NewCold has significantly expanded its presence in North America. In October 2023, the company opened a USD 300 million facility in Lebanon, Indiana, which is set to be one of the largest and most advanced cold storage facilities in the world. NewCold also operates facilities in Tacoma, Washington, and Burley, Idaho. The company has announced plans to add 25 more facilities in North America by 2030 to meet growing demand.

NewCold

CryoLogistics offers SnowSHIP technology for shipping perishable goods with precise temperature control from source to destination. The company's solution incorporates embedded IoT connectivity to ensure the safety, security, and traceability of goods throughout the supply chain. SnowSHIP utilizes one of nature's most abundant natural refrigerants, which helps lower a company's carbon footprint and positions users as climate-friendly service providers. This technology aims to provide an innovative approach to temperature-controlled logistics, addressing the needs of businesses dealing with perishable items.

CryoLogistics

Companies providing cold chain storage solutions, such as refrigerated facilities and warehouses for the secure storage of temperature-sensitive goods

Companies offering technologies to track and maintain precise temperature conditions throughout the entire supply chain, such as IoT sensors and temperature monitoring devices

Companies that design and produce packaging solutions to safeguard the integrity of temperature-sensitive products during transport

Companies that facilitate the safe and controlled movement of temperature-sensitive goods from one location to another, employing specialized equipment and logistics

Companies that provide technology-driven solutions to optimize and manage parts or all of the cold chain process

Virtual cold chain models are developed to assess the efficiency and efficacy of cold chain alternatives.

Temperature monitoring solutions include IoT sensors for monitoring products during transportation and storage.

Cold chain innovations provide real-time monitoring into the condition of products during transit.

AI/ML aid cold chain optimization by utilizing modeling capabilities in selecting the best cold chain alternatives.

Blockchain-based cold chain solutions enables supply chain transparency,  food safety, and cold chain compliance.

Certain packaging solutions contribute towards a circular economy by creating insulated packaging using repurposed materials.

Cold chain innovations improve the performance of cold chains and thus reduce waste, thus contributing to sustainability.

Transparent Path

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