Country for PR: United States
Contributor: PR Newswire New York
Wednesday, December 16 2020 - 03:00
Tive Secures $12 Million Series A Capital Funding
BOSTON, Dec. 16, 2020 /PRNewswire-AsiaNet/ --

-- Backed by RRE Ventures and Two Sigma Ventures, Tive offers real-time, 
in-transit location and condition insights to every part of the supply chain 

Tive, Inc ( 
)., a leading provider of global supply chain visibility insights, announced 
today that it secured a $12 million Series A funding round from RRE Ventures, 
followed by Two Sigma Ventures ( 
), with participation from existing investors NextView Ventures ( 
), Hyperplane Ventures ( 
), One Way Ventures ( 
), Fathom Ventures ( 
), and others. The new investment will fuel Tive's rapid growth and drive 
product innovation for seamless shipment tracking, alerts and analytics. 

Shipment tracking is incredibly complicated, unreliable and expensive. Tive is 
changing that by providing real-time visibility into the entire shipment 
process, including hyper-accurate location data and condition insights such as 
temperature, shock, light exposure and humidity. Tive's release of the 
industry's first 5G-ready single-use tracker was met with intense market 
interest and approval.  Customer adoption is on the rise with aggressive growth 
in new customers and 570% growth in annual revenue, driven in part by the 
delivery of the first Non-Lithium powered tracker to address the market's 
concerns over Lithium-Ion safety and environmental impact. 

"The $20 trillion shipping industry is starting to expect more," said Raju 
Rishi, General Partner at RRE Ventures. "They are rapidly adopting Tive to gain 
real-time insights on their shipments, giving them a level of visibility not 
yet seen before in the industry as well as a new window of opportunity to 
actually intervene if shipments are being improperly handled. Over the four 
years we've known Krenar, we've seen Tive's full-stack tracking solution be 
aggressively pulled into the market by a diverse customer base and we're proud 
to be backing him and his team as they build a category-defining company in 
supply chain tracking."

"Given the growing demand for Tive's full line of tracking solutions, it was 
obvious that now was the time to dramatically expand our ability to meet 
industry demand," said Krenar Komoni, CEO at Tive, Inc. "Gaining the support of 
RRE Ventures and Two Sigma Ventures, as well as our current valued investors, 
means we can leverage their expertise and focus on growing our customer-centric 
platform. The infusion of growth capital means bringing products to market 
faster, enhancing our sales and marketing efforts, adding key leadership, and 
growing our international presence."

About Tive
Tive delivers real-time in-transit visibility of shipments around the globe 
with data-driven insights from an enterprise-class Visibility as a Service 
(VaaS) platform. With Tive, shippers and third-party logistics providers (3PLs) 
can track and monitor the location and condition of their products while in 
transit. Tive's VaaS solution provides data generated by its industry-leading 
trackers allowing clients to proactively optimize their shipments, improve 
their customers' experience, and unlock supply chain insights in an actionable 
real-time manner. Tive is based in Boston, MA. For more information, visit: 

Contact: James Waters

SOURCE:  Tive, Inc.