Home Internet of Things Aerospace Apparel Energy Defense Health Care Logistics Manufacturing Retail

RFID News Roundup

Semtech releases LoRa smart-home device for IoT apps; MachNation offers software for IoT platform performance testing; STMicroelectronics, Fieldscale add touch-sensitive controls to smart devices; Roambee raises funding to help shippers monitor and automate supply chains; DeltaTrak intros real-time loggers; PVH Corp. seeks RFID rollout coordinator.
By Rich Handley

Roambee Raises Funding to Help Shippers Monitor and Automate Supply Chains

Roambee, an on-demand shipment- and asset-monitoring platform company serving the manufacturing, logistics, transportation, finance, pharmaceutical and automotive industries, has announced a $15.2 million additional Series B financing. Led by Anchor Group, a Swiss-based investment firm focused on industrial innovation platforms, and Comcraft, a global investment group, the funding also includes investments from Intuitive Ventures, logistics conglomerate Jebsen & Jessen, Indonesian wireless service provider Telkomsel and industrialist Anant Singhania.

Roambee's sensor logistics platform uses IoT sensors to collect data, artificial intelligence to deliver insights and foresights, and robotic process automation to automate enterprise operations. Anchor Group reviewed nearly 400 companies in logistics and supply chain tracking and digitization before choosing Roambee. "As the only company to collect, translate and transform data into actionable intelligence operating globally, [Roambee] is already materially disrupting the logistics industry and [is] well poised to drive and benefit from further transformation of supply chains," said Dweep Chanana, Anchor Group's managing partner, in a prepared statement.

"Roambee delivers a proven end-to-end goods and asset monitoring solution," Chanana added in the statement. "As a first step to creating connected supply chains, their integrated approach has resonated strongly with major enterprises who are undertaking major deployments—establishing Roambee as a clear leader in this field. We are excited to support them in scaling up to meet demand as more organizations recognize the need for and value from real time supply chain monitoring,"

Sanjay Sharma, Roambee's CEP, said in the prepared statement: "Customers begin by using our service as an early warning system to eliminate disruptions and reduce risks in their supply chain. We then extend our value proposition by providing insights and foresights to streamline and optimize their operations. Anchor's investment is a strong validation of our technology and our team."

Login and post your comment!

Not a member?

Signup for an account now to access all of the features of RFIDJournal.com!

PREMIUM CONTENT
Case Studies Features Best Practices How-Tos
RFID JOURNAL EVENTS
Live Events Virtual Events Webinars
ASK THE EXPERTS
Simply enter a question for our experts.
TAKE THE POLL
JOIN THE CONVERSATION ON TWITTER
Loading
RFID Journal LIVE! RFID in Health Care LIVE! LatAm LIVE! Brasil LIVE! Europe RFID Connect Virtual Events RFID Journal Awards Webinars Presentations