Figorr provides IoT solutions for real-time monitoring of temperature-sensitive products, ensuring optimal conditions during last-mile delivery through precise tracking of humidity, temperature, and location. The platform also offers data-backed insurance for cold chain operations, mitigating risks associated with product spoilage and loss.
Funding
Funding not disclosed
AVFounders
Product
Problem
Businesses transporting temperature-sensitive goods face challenges in maintaining optimal conditions during transit, leading to potential spoilage, loss, and increased insurance costs. Traditional monitoring methods may lack real-time visibility and data-backed verification for insurance claims, increasing risk and operational inefficiencies.
Solution
Figorr provides an IoT-enabled platform for real-time monitoring of temperature, humidity, and location of sensitive products throughout the cold chain. The system uses advanced sensors and connectivity to provide alerts when deviations occur, enabling immediate corrective action to minimize product loss. Figorr also offers data-powered insurance solutions, providing coverage for commodities often considered uninsurable. The platform's data-driven insights facilitate claim verification and risk mitigation for cold chain operations, reducing financial exposure and improving supply chain reliability. In addition to monitoring and insurance, Figorr offers an inventory management system and a platform for cold room and cold truck rentals.
Target Audience
Figorr targets businesses in healthcare, agriculture, logistics, and insurance that handle temperature-sensitive products and require real-time monitoring and data-backed insurance solutions for their cold chain operations.
Features
- Real-time monitoring of temperature, humidity, and location using IoT sensors
- Instant alerts and notifications for temperature deviations
- Data-backed insurance coverage for cold chain operations
- Inventory management system tailored for temperature-sensitive goods
- Cold room and cold truck rental platform
- Data-driven insights for claim verification and risk mitigation
- Web dashboard for visualizing real-time and historical data