Gener8tor is a nationally ranked accelerator that invests in high-growth startups. Gener8tor supports the growth of these startups through its network of experienced mentors, technologists, corporate partners, angel investors, and venture capitalists. Gener8tor invests in high-growth startups, including software, IT, web, SaaS, life science, MedTech, e-commerce, and hardware. Accepted startups receive $100,000 and 12 weeks of mentorship-driven programming. Gener8tor is a member of the Global Accelerator Network (GAN).

gener8tor

Seed stage investment firm focusing on small to medium sized businesses.

Levo Capital

Gener8tor is a nationally ranked accelerator that invests in high-growth startups. Twice a year they invest up to $140K in each of five startups who receive a concierge experience during their 12-week accelerator program. gener8tor supports the growth of these startups through their network of experienced mentors, technologists, corporate partners, angel investors and venture capitalists. Join the 49 gener8tor alums who have cumulatively raised more than $110M in follow-on financing. Of these 49 alums, 59% have raised more than $1M in follow-on financing or have been acquired.

N29 Capital Partners

Right Side Capital Management is a venture capital firm that helps startups build their company. It invests exclusively in the pre-seed round of technology startups and makes 75-100 investment per year. The firms prefers to invest in diversified technology sectors such as the internet and cloud companies. RSCM was established in 2010 and is based in San Francisco, California.

Right Side Capital Management

GreenGage Capital, LLC is a small, closely held, family-run fund for the alternative investments space.

GreenGage Capital

For 160+years, Northwestern Mutual has been proud to call Milwaukee and Southeastern Wisconsin home. Now more than ever, we believe it’s the best time to live and work here. That’s why they’re committed to improving education, revitalizing their neighborhoods and being a catalyst for business growth in their home town.

Cream City Venture Capital

You don't need to leave for the coasts to build your company.  You can do it right here in the Midwest.  But finding capital can be a challenge. You would rather raise a small round, quickly. Then, get back to showing everyone that you can execute. That is the reason we exist. Comeback Capital has assembled an all-star group of coastal and local LP's who share our passion and belief that great companies have been and will continue to be built in the Midwest. In addition to capital, Comeback Capital portfolio companies benefit from connections to advisors from more established startup markets.

Comeback Capital

Ubiquity Ventures is a seed-stage institutional venture capital firm that invests in ''software beyond the screen'' startups and has close to $100 million under management. Ubiquity's portfolio includes B2B technology companies that utilize smart hardware or machine learning to solve business problems outside the reach of computers and smartphones. By transforming real-world physical problems into the domain of software, Ubiquity startups tap into large greenfield markets and offer more effective solutions. Leveraging a decade of institutional venture capital experience, Sunil Nagaraj leads Ubiquity Ventures along with an extended team of over 40 experts with a range of technical and marketing expertise. See more details on the Ubiquity Ventures website at http://www.ubiquity.vc.

Ubiquity Ventures

Greenlight Re (www.greenlightre.ky) is a specialist property and casualty reinsurance company based in the Cayman Islands and Ireland.  The company provides a variety of custom-tailored reinsurance solutions to the insurance, risk retention group, captive and financial marketplaces.  Established in 2004, Greenlight Re selectively offers customized reinsurance solutions in markets where capacity and alternatives are limited.  With a focus on deriving superior returns from both sides of the balance sheet, Greenlight Re's assets are managed according to a value-oriented, equity-focused strategy that complements the Company's business goal of long-term growth in book value per share.

Greenlight Reinsurance

Fintech Ventures Fund (''FVF''​) is an early stage venture capital firm investing in game-changing fintech and insurtech companies. Our primary mission is to build a strategic partnership with entrepreneurs and provide them with the resources and support they need to successfully build great businesses. To get in touch, please reach out to us directly through Twitter, Linkedin, or through our website !

Fintech Ventures Fund

Sure Ventures is a seed-stage venture capital firm investing in the insurtech industry. The firm invests with a mission to enable peace of mind for all individuals and businesses.  Its main areas of focus are insurance, aging, mental health, wealth management, and related sectors.

Sure Ventures

Framework Venture Partners is a venture capital firm that helps founding teams and CEOs build world-class companies. It combines a unique data-driven investment decision process with a high-touch collaborative engagement model designed to help world-class entrepreneurs and CEOs in high-growth global market segments scale.

Framework Venture Partners

AngelList is a U.S. website for startups, angel investors, and job-seekers looking to work at startups. It is the parent company of AngelList Venture, AngelList Talent, and Product Hunt and has more than 20 unicorns in the portfolio. They support millions of job-seekers in their search and helped makers launch over 100,000 products that will define the future of tech.

AngelList

Elevate Ventures nurtures and develops emerging and existing high-potential businesses into high-performing, Indiana-based companies.  They accomplish this by providing rigorous business analysis and robust advisory serivces that connect companies with the resources they need to succeed long-term. As a not-for-profit organization, they are able to offer unbiased, in-depth perspective and recommendations.   Emerging, high-potential businesses Elevate Ventures seeks out business endeavors that identify a need in the marketplace and are well-positioned to successfully transition from research to product development to market.   High-performing, Indiana-based Companies These companies grow local economies and employment throughout Indiana, in addition to attracting and retaining top-level talent for the Hoosier state.   Rigorous business analysis Comprehensive due diligence is critical to determining the long-term financial viability of these companies.   Robust advisory services Elevate Ventures provides more than just capital, they partner with entrepreneurs, investors and other local and state organizations to ensure the best return on investment.   Resources to succeed long-term In addition to financial resources, Elevate addressees other market barriers, which may include management, business development, talent identification and retention, and specific technology development challenges. They don't just write a check and walk away - they help sustain business success and growth over time.   Unbiased, in-depth perspective and recommendations With a seasoned staff and a host of proven outside partners, they provide objectivity and insights that are among the best in their profession.

Elevate Ventures

We are a New York City based investment firm focused on venture capital and private equity opportunities. Our team invests in technology enabled companies in the financial, consumer, healthcare, and software industries. Our portfolio companies have strong management teams characterized by integrity, intelligence, experience, energy, and passion.

Rosecliff Ventures

M12 - Microsoft’s venture fund, invests in early-stage enterprise software companies with a focus on AI, cloud infrastructure, cybersecurity, developer tools, vertical SaaS, and Web3/Gaming. Since 2016, M12 has invested in over 100 companies, helping startups accelerate growth with unparalleled access to Microsoft.

M12 - Microsoft's Venture Fund

Gaingels is a venture investment syndicate in service of the LGBT+ community and its allies, investing in companies with LGBT+ founders and C-suite leaders at all stages of growth, as well as in more established companies resolved on building more inclusive teams, with a global portfolio of 130+ companies and $70M in deployed investment capital to date.  The Gaingels network also actively supports its portfolio in identifying and recruiting diverse talent to their C-suite and board leadership teams and fosters a vibrant global community of industry leaders, investors, operators, and entrepreneurs who share a common goal for positive social change through business and successful investments.

Gaingels

Mana Ventures invests in early-stage companies disrupting traditional industries and building the future of frontier technologies. Mana Ventures assists technology and consumer brands in honing their vision, building a great team, developing the right product, raising their next rounds, and celebrating their victories.

Mana Ventures

Venture 53 is the only pure-play seed/early-stage fund with a built-in  accelerator specializing in transportation and logistics.

Venture 53

PAXAFE

PAXAFE develops an AI-enabled, device-agnostic risk-management platform. It enables intelligent, dynamic shipping and cargo insurance by providing a supply chain of custody through its IoT shipping solutions. The platform reduces product loss, improves operational efficiency, and optimizes decision-making for cold chain shippers and carriers.

<div>PAXAFE specializes in smart packaging technology for high-value products. The company also offers real-time shipment tracking solutions, primarily focusing on de-risking B2B shipments and enabling intelligent cargo insurance. The company&rsquo;s flagship B2B SaaS platform, CONTXT, which is an AI-enabled, device-agnostic risk management platform, enables its users to reduce product loss, enhancing operational efficiency and optimizing decision-making for perishables shippers and service providers. Key industries served by PAXAFE include pharmaceuticals, food and beverage, and the cold chain.</div>

Empowering efficiency, visibility and collaboration throughout supply networks

Supply Chain Tech

PAXAFE is a B2B software company that provides AI-powered decision support for cold chain logistics. Founded in 2018, the company offers a SaaS platform called CONTXT that leverages artificial intelligence to quantify strategic and operational risks in the supply chain, particularly for temperature-sensitive products. PAXAFE's technology contextualizes data from IoT sensors, third-party sources, and enterprise resource planning systems to provide actionable insights and predictions. The platform helps customers reduce product loss, improve operational efficiency, and optimize decision-making in perishable goods transportation and storage.

driven cold chain logistics operations

PAXAFE Raises $9M Series A to Transform AI-Powered, Autonomous Cold Chain Logistics

Transposafe Selects PAXAFE For Enhanced Supply Chain Visibility and Advanced Risk Management

Creative Destruction Lab

PAXAFE and Carrier Collaborate to Provide Advanced Risk Mitigation and Prediction Capabilities to Power Cold Chain Distribution Networks

PAXAFE Appoints David Benjamin as Chief Revenue Officer to Lead the Next Stage of Company Growth

PAXAFE: AI-Based Cold Chain Logistics Company Closes $9 Million

PAXAFE Leverages Innovation, Inclusion to Fix Supply Chain Woes

Risk management platform Paxafe closes investment with strategic industry insiders

based Paxafe secures $9M investment – Inside INdiana Business

Paxafe strives to predict failures in supply chain – Indianapolis Business Journal

Paxafe Raises $9M in Series A Funding

based Paxafe secures $9M investment – Indianapolis Business Journal

Making cold chains faster, smarter, and cooler.

Cold Chain Innovation

<div>
 
 PAXAFE specializes in smart packaging technology for high-value products. The company also offers real-time shipment tracking solutions, primarily focusing on de-risking B2B shipments and enabling intelligent cargo insurance. The company&rsquo;s flagship B2B SaaS platform, CONTXT, which is an AI-enabled, device-agnostic risk management platform, enables its users to reduce product loss, enhancing operational efficiency and optimizing decision-making for perishables shippers and service providers. Key industries served by PAXAFE include pharmaceuticals, food and beverage, and the cold chain.
 
 
 
 
 PAXAFE differentiates itself from other sensor-enabled visibility providers by offering a solution that not only collects data but also contextualizes it, thereby converting raw data into valuable insights and predictions.
 
 
 
 
 Key customers and partnerships
 
 
 
 
 In October 2023, PAXAFE entered a strategic partnership with Transposafe, a leader in supply chain security. The partnership aimed to develop a comprehensive solution that will provide real-time tracking and actionable insights for shipments, reducing the risk of losses. Earlier, in September 2023, the company collaborated with Carrier, a leader in the cold chain industry to leverage PAXAFE's AI capabilities to improve Carrier's Lynx platform by enhancing visibility and intelligence.
 
 
 
 
 Funding and financials
 
 
 
 
 In May 2024, PAXAFE raised USD 9 million in a Series A funding round led by Framework Venture Partners with participation from new investors M12, Rosecliff Ventures, Elevate Ventures, Gaingels, Mana Ventures, AngelList Quant Fund, and maintaining investors Ubiquity Ventures and Venture53. The company aimed to use the new funds to fulfill the soaring customer demand, drive product development, and bolster its worldwide operations and partner ecosystems. With the latest funding, the company's total fundraising amounted to USD 14 million.
 
</div>

Project44 is a technology company that specializes in supply chain visibility and logistics connectivity solutions. The company’s platform “Movement” connects shippers, carriers, and logistics service providers to provide real-time visibility of the location and status of shipments. It also offers insights and connectivity across borders, helping businesses manage complex, multi-country logistics. This enables businesses to track and manage the movement of goods and shipments from the point of origin to the final destination.Since its inception, the company has expanded globally by acquiring visibility providers such as GateHouse Logistics, Ocean Insights, ClearMetal, and Convey. It has also built a carrier network with over 238,000 carriers, as of October 2023. In May 2023, the company reported that its platform tracked more than 1 billion unique shipments annually for over 1,300 brands, which included companies from industries such as manufacturing, automotive, retail, life sciences, and chemical and gas.In April 2023, Project44 launched “Movement GPT,” a generative AI assistant for supply chain. This feature allows users to interact within the Movement platform in natural language to track shipments and identify supply chain risks.In August 2024, project44 <a href="https://sp-edge.com/updates/32957">launched</a> Emissions Monitoring, a new feature within its Movement platform. This tool helps shippers, carriers, and logistics service providers measure and report Scope 3 emissions across all transportation modes to improve sustainability and compliance. Earlier In <a href="https://sp-edge.com/updates/31195">July 2024</a>, it introduced enhanced electronic bill of lading capabilities across LTL industry. Also, in the same month it <a href="https://sp-edge.com/updates/31686">launched</a> expanded capabilities and reach for its Appointment Management product to offer a centralized view of facility appointments, enabling shippers to monitor trailer ETAs against scheduled appointments in real-time and proactively manage exceptions.In 2021, Project44 reported an annual recurring revenue of more than USD 100 million. In November 2022, the company was valued at USD 2.7 billion.Key customers and partnershipsAs of October 2023, the company's customers included leading brands such as Nestlé, Convoy, DHL, Uber Freight, and Bayer.In July 2024, project44 expanded its presence in China by launching its Movement platform in the market, making the advanced user interface available to all users in China. The expansion leveraged a new partnership with Baidu, a China-based multinational tech leader, to enhance visibility for customers operating in China. As part of the partnership, project44's over-the-road (OTR) maps in China will be powered by Baidu, improving the company's ability to provide real-time, transparent information to customers.In May 2023, the company entered into a partnership with asset intelligence company, Nexxiot, to enable the delivery of real-time network insights and IoT-centric conditional and location monitoring. Further, in January 2024, the company partnered with Lenzing Group, a specialty fiber producer, to enhance Lenzing Group's ocean shipment visibility with a focus on carbon emissions monitoring. The collaboration involves the creation of an updated real-time shipment visibility tool that collects carbon emissions data at the shipment and container levels.

Project44

Supertrace offers a web-based platform to enable transparency and traceability across supply chains. The company assigns digital identities for physical commodities—a digital code that can be scanned using iOS or Android phones—and stores them in a blockchain database to make them connected and verifiable. This lets users obtain end-to-end visibility of product movements and enables them to manage fraud, ​​identify inefficiencies, and authenticate products in the supply chain while building trust with connected stakeholders.The platform features both software and hardware components and comes as a “plug-and-play” solution that can easily be integrated with existing ERP solutions and third-party systems. As of October 2023, the company claimed that the platform had the capacity to track over 300 million products per year.Key customers and partnershipsAs of October 2023, the company’s platform was used by over 60 companies across the world.

Supertrace

Exiger provides software and tech-enabled tools to manage supply chains through AI-powered solutions. These solutions focus on providing visibility across supply chains and mitigating risks in strictly regulated industries, critical infrastructure companies, defense contractors, financial institutions, and government agencies. They also aim to monitor regulatory compliance and combat financial crime.The company's product portfolio includes solutions such as Supply Chain Explorer, SDX, ExploreRx, and PAC, which are developed to provide visibility across supply networks. Also, its products, such as DDIQ, Screen IQ, and Insight 3PM, are aimed at facilitating risk-screening processes and managing business relationships. In May 2023, the company acquired Ion Channel, adding a platform to its product portfolio to facilitate supply chain risk management.In September 2023, Exiger launched 1Exiger, its new supply chain platform that integrates and provides access to Exiger's products—DDIQ, Insight 3PM, Ion Channel, SDX, and Supply Chain Explorer. The company planned to scale up the platform over the following decade and developed a long-term roadmap to introduce new capabilities.The company operates in the US, Canada, London, Bucharest, Singapore, and Australia. As of October 2023, the company had more than 800 employees across its global offices.In August 2024, the Exiger <a href="https://sp-edge.com/updates/32429">acquired</a> XSB, a logistics intelligence platform with a database of over 100 million parts and 400 million parts attributes, for an undisclosed sum. Through this acquisition, Exiger aimed to enhance its capabilities in depot maintenance, category management, parts obsolescence, parts alternatives, price defensibility, and supply chain optimization. In <a href="https://sp-edge.com/updates/31249">July 2024</a>, Exiger also acquired Versed AI, a company specializing in product breakdown technology, to enhance AI-driven supply chain visibility. Also, in the same month the company <a href="https://sp-edge.com/updates/32093">acquired</a> aDolus Technology Inc., a software supply chain risk visibility platform, for an undisclosed sum. The acquisition allowed Exiger to integrate aDolus' ability to generate software bills of material (SBOMs) and analyze binary for software provenance. This will extend Exiger's Ion Channel platform for SBOM analysis to binaries without SBOMs, device firmware, operational technology (OT), and IoT, addressing the urgent need for organizations to verify and secure operational technology and software providers in an increased cyber threat environment. In 2021, it was reported that Exiger had achieved in excess of 100% compound annual growth in software license revenue worldwide over the previous four years.Key customers and partnershipsAs of October 2023, Exiger was providing its services to 550 Global customers across the world, including 150 companies featured in the Fortune 500 list and over 50 government agencies.In May 2024, Exiger partnered with Kharon, a leader in risk analytics, to enhance global supply chain security efforts. As part of the collaboration, Exiger’s AI-powered supply chain management platform will be combined with Kharon’s insight into supply chain risk to provide a robust and dynamic risk analysis framework.Earlier in March 2024, Exiger entered a strategic partnership with aDolus Technology Inc., an authority in software intelligence for critical infrastructure. The partnership enables Exiger to incorporate aDolus' software into its supply chain platform. This integration will allow for the analysis of firmware and industrial control software for potential vulnerabilities. This collaboration allows both companies to offer improved visibility and risk assessment capabilities in operational technology to their Federal Government and corporate clients.

Exiger

<div>
 
 Chain.io offers a cloud-based integration platform that connects shippers and freight companies across the global supply chain. The company&rsquo;s pre-built adaptors enable shippers and freight companies to integrate their legacy systems with modern API-based SaaS tools to provide them with visibility across their supply networks to efficiently manage freight.
 
 
 
 
 Beyond mere integration, the platform automates freight operations with pre-configured plugins built to expedite the booking, moving, and delivery of freight. This includes automation focused on PO management, securing freight insurance, sending advanced shipment notices (ASN), and invoice processing as well as improving the overall efficiencies in agent, carrier, and customs operations. The platform also enables advanced insights through the aggregation of data from multiple sources into a centralized database. The platform feeds this information into internal reporting and is populated in external dashboards to provide visibility on key operational metrics and environmental impacts.
 
 
 
 
 Key customers and partnerships
 
 
 
 
 As of October 2023, Chain.io&rsquo;s platform was used by leading brands such as Ex Works, Janel Group, John S Conner, Magnate Worldwide, OIA Global, and Jaguar Freight Services. As of June 2022, the company claimed that 10 of the 15 world&rsquo;s largest freight forwarders were also using its platform.
 
 
 
 
 Funding and financials
 
 
 
 
 In June 2022, the company raised USD 11 million in a Series A funding round co-led by Fontinalis Partners and High Alpha. The funding was aimed at expanding the company&rsquo;s network of native integrations to the industry&rsquo;s supply chain technology platforms and to expand its geographical reach across North America, Europe, and Asia.
 
 
 
</div>

Chain.io

<div>
 
 Overhaul offers a device-agnostic supply chain visibility and risk monitoring solution to monitor and manage in-transit shipments. The company&rsquo;s technology-driven platform provides real-time visibility into the transportation of high-value cargo and critical shipments, ensuring the integrity of the supply chain. In addition, the platform provides insights using AI-powered predictive analytics for risk monitoring, enabling its users to mitigate potential risks, such as theft, damage, or disruptions. The platform also offers solutions to simplify compliance and documentation processes and assist in managing regulatory requirements, inspections, and certifications in the transportation industry.
 
 
 
 
 Overhaul&rsquo;s products and solutions are geared toward global industries such as pharmaceutical and healthcare, technology, logistics, and food and beverage. According to the company, in 2023, it is expected to track more than USD 1 trillion in shipments in transit.
 
 
 
 
 Key customers and partnerships
 
 
 
 
 As of October 2023, the company was offering its products to leading brands such as Microsoft, Dyson, GoPro, Bristol Myers Squibb, and J.B. Hunt.
 
 
 
 
 In April 2023, the company partnered with MCA Connect to offer a comprehensive set of integrated solutions aimed at helping organizations achieve end-to-end supply chain visibility and automate processes.
 
 
 
 
 Funding and financials
 
 
 
 
 In March 2023, the company raised USD 73 million as new growth capital. The funding consisted of USD 38 million in equity and USD 35 million in non-dilutive debt. The round was led by growth equity investor Edison Partners. The proceeds were expected to be used for global expansion, product development initiatives, and to fund the acquisition of security services provider SensiGuard.
 
 
 
</div>

Overhaul

Platforms that provide real-time visibility into the movement, location, condition of products, and environment as they move through the supply chain.

Information sharing and collaborative planning platforms that enable communication, coordination, and collaboration among supply chain partners.

Platforms that facilitate the tracing and verification of products or components throughout the supply chain, from origin to consumer.

Platforms that provide vendor risk intelligence to facilitate vendor due diligence and onboarding, compliance monitoring, contract management, and cybersecurity assessments.

Platforms that help organizations optimize supply chain processes through demand, supply, operations, and scenario planning.

Supply chain tech is frequently depedent on IoT for connecting different links of the supply chain

Supply chain tech contributes towards sustainability through efforts to reduce waste, loss and emissions through improving supply chain operations and accuracy.

Uses blockchain to create transparent, and secure records of transactions and product movements

The platforms facilitate tracing and tracking of products through the supply chain

PAXAFE is a B2B software company that provides AI-powered decision support for cold chain logistics. Founded in 2018, the company offers a SaaS platform called CONTXT that leverages artificial intelligence to quantify strategic and operational risks in the supply chain, particularly for temperature-sensitive products. PAXAFE's technology contextualizes data from IoT sensors, third-party sources, and enterprise resource planning systems to provide actionable insights and predictions. The platform helps customers reduce product loss, improve operational efficiency, and optimize decision-making in perishable goods transportation and storage.
CONTXT utilizes PAXAFE's proprietary ATHENA LLM (Large Language Model) to analyze supply chain data and generate proactive recommendations. The system can predict adverse events such as temperature excursions hours before they occur, with a 95% accuracy rate for predicting arrival times. This capability is particularly valuable in industries like pharmaceuticals and food and beverage, where temperature control is critical. PAXAFE's solution addresses significant challenges in these sectors, considering that the pharmaceutical industry faces significant losses due to temperature-related issues.
As of May 2024, PAXAFE had raised a total of USD 14 million in funding, including a USD 9 million Series A round. The company is headquartered in Indianapolis, Indiana, with a global presence and a team of 33 employees split between the US and India. PAXAFE's innovative approach to cold chain logistics has positioned it as a leader in applying AI to supply chain risk management.
Key customers and partnerships
PAXAFE has established partnerships with several major players in the cold chain logistics industry. In September 2023, the company announced a collaboration with Carrier, a global leader in intelligent climate and energy solutions, to enhance cold chain monitoring and intelligence capabilities. This partnership aims to provide customers with greater visibility and proactive decision-making tools across their cold chain operations.
The company also works with Transposafe, a subsidiary of Brady Corporation and a leader in supply chain security. This partnership, announced in October 2023, combines PAXAFE's AI expertise with Transposafe's global distribution and specialized packaging capabilities to offer comprehensive solutions for industries such as pharmaceuticals and food and beverage.
PAXAFE's customer base includes high-profile pharmaceutical and produce manufacturers, as well as cold chain service providers. As of May 2024, PAXAFE noted that its recurring revenue was growing at a rate of 330% year over year, indicating strong market traction and customer adoption of its AI-powered risk management platform in the cold chain logistics sector.

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.

Transparent Path

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.

ANALYST_QUICK_TAKE

<div>
 PAXAFE has successfully amassed USD 9 million in a Series A financing round. Framework Venture Partners headed this round, alongside new investors M12, Rosecliff Ventures, Elevate Ventures, Gaingels, Mana Ventures, AngelList Quant Fund, and returning investors Ubiquity Ventures and Venture53. This latest funding has brought the company's total fundraising amount to USD 14 million.
 The organization aims to channel the newly acquired funds towards meeting the increasing customer demand, propelling product development, and strengthening its global operations and partner ecosystems. 
</div> Analyst QuickTake: 
 PAXAFE has secured the latest funding following a landmark year in which the company reported a 330% annual increase in recurring revenue. The new funds will be channeled toward critical growth drivers and are expected to maintain this growth momentum.

PAXAFE

EDGE Insights

About EDGE

Contact Us

Resources

Area of Focus

Technology Research Made Effortless