Tive Lands $54 Million During Its Series B Round for Its Shipping Solution
Author: Spencer Hulse
Shipments play a large role in the day-to-day lives of people across the globe, so it is important that they get where they are going on time. That is where Tive comes in. Tive provides a complete shipping solution that allows its customers to track shipments, get real-time alerts and information, and create detailed reports to improve performance. To learn more about what is next for the company, check out the funding announcement below.
TIVE announces their $54M Series B round of funding. To date, Tive has raised more than $80M to fuel innovation and growth in the supply chain and logistics industry. For all of us here at Tive, this is when our real work begins to continue to better serve our customers.
We are extremely grateful for the support and conviction investors had in Tive in this round, from our lead investor AXA Venture Partners, and all the participants Sorenson Capital, Qualcomm Ventures, Fifth Wall, SJF Ventures, Floating Point Ventures, as well as the existing investors RRE Ventures, Two Sigma Ventures, NextView Ventures, Hyperplane Ventures, Broom Ventures, and Supply Chain Ventures. This round, our largest to-date, is supported by a strong group of investors who share our vision to bring true transparency to global supply chains.
Here is a quick recap of the remarkable year we had in 2021:
We signed up a new record of 229 customers, including many of the world’s largest 3PLs and shippers,
Tracked and monitored shipments in more than 200 countries,
Launched a global 24/7 monitoring service, which saved hundreds of shipments for our customers,
Started the Tive Get Green Program and recycled a large percentage of our trackers throughout the globe,
Developed a next generation of trackers that are resilient to chip shortages,
Launched ocean and air tracking technologies inside our software platform,
Launched mulit-leg support for shipments, and so much more…
While we have the best tracking technology in the industry: world’s first 5G single-use (multi-use) trackers with hyper-accurate location, first non-lithium based trackers, super intuitive software platform, and a 24/7 monitoring service — there is something else that makes us different from the rest: our people. There would be no Tive without our Team. The people that wake up every morning and give their all for this company and for our customers. Everyone here at Tive is fully aligned on our mission, vision, and values.
As 2021 progressed, and we hit target after target, I came to realize that there are three characteristics that make our people unique, we: out-work, out-service, and out-innovate every other technology provider for the benefit of our customers.
There is an old saying — work smart, not hard. That’s good, but I prefer Work Hard and Smart! There is nothing that can replace hard work — it pushes through walls, it breaks all barriers, and it defies the impossible.
Characteristics of team work and hard work are ingrained in each of us here at Tive! We are one, we are connected, and we are all striving to achieve one mission: to pioneer beyond what we thought possible, so what others hold near and dear arrives on time and in full, and one vision: a world fully transparent, where everything and everyone is connected.
We pride ourselves on our service here at Tive, and make sure that our customers are responded to immediately, and taken care of in the quickest way possible. Our technology allows us to have a deep understanding of what’s happening to their goods while in our care. We simply service our customers better, and in turn, they get to service their customers better than their competitors.
Moore’s Law continues on its course here at Tive. We have packed more functionality in a smaller footprint and all at a lower cost: accelerometers, temperature sensors, humidity sensors, light sensors, shock sensors, radio and wireless communication technology. The proliferation of trackers is inevitable as technology becomes more cost-effective, more available, faster, and ever smaller. We pride ourselves on taking the best that technology has to offer and packaging it for the global supply chain and logistics professional. Today, our technology is far superior to anything else on the market, and tomorrow there is so much more to come from our team. Don’t wait, join us now and see what Tive can do for you and your business
Update courtesy of our content partner Grit Daily