Tag-n-Trac, a La Jolla, CA-based provider of advanced technologies for smart IoT tracking, raised $10M in Series A funding.
The round was led by Dell Technologies Capital with participation from Merck Global Innovation Fund and Aerosafe Global Inc.
The company intends to use the funds to expand operations and its business reach.
Led by Venu Gutlapalli, CEO, Tag-n-Trac provides customers with a full stack IoT solution integrating multiple modes of hardware, software and data technology to build smarter solutions that solve complex problems. The company’s SaaS platform offers complete, real-time visibility into the entire global supply chain ecosystem. The technology combines low-cost “printable” hardware sensors and a sensor-agnostic SaaS platform to help shippers, logistics providers and manufacturers track location, status and condition of goods from manufacturing to shipping to last-mile delivery.
The platform, powered by wireless Bluetooth and cellular smart label technologies, grants a full end-to-end view to help efficiently address production obstacles such as temperature excursions, tamper detection and potential diversions. Serving a variety of market verticals, Tag-n-Trac works with supply chain partners including multi-modal 3PLs, ERP, BI software providers and packaging/labeling manufacturers. Customers gain real-time visibility down to the product level for a more comprehensive view into behaviors, trend insights and potential blind spots.
FinSMEs
26/01/2022