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CargoSense raises USD 8 million in Series A funding to expand partner ecosystem
Supply Chain Tech
Jun 12, 2024
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Supply Chain Tech

Supply Chain Tech

Jun 12, 2024

CargoSense raises USD 8 million in Series A funding to expand partner ecosystem

Funding

  • CargoSense has raised USD 8 million in its Series A funding round led by Lanza techVentures, with contributors from Merck Global Health Innovation Fund, SmoothBrain, The Pallet Alliance, and existing private investors.

  • The company intends to use the funds to expand its partner ecosystem, which will encompass integrated management systems, different data sources, and industrial IoT platforms. These advancements will aid its global customers in automating and simplifying their supply chain operations.

  • CargoSense specializes in logistics oversight and supply chain optimization solutions, particularly for complex industries such as healthcare, food, and medical devices. The company's core product, the Visibility OS, utilizes advanced sensor technologies, machine learning, and AI to offer comprehensive, real-time data on the handling and condition of shipped goods. This platform enables businesses to monitor, measure, and manage logistics operations more effectively, ensuring the integrity and efficiency of their supply chains.

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