LocatorX, Inc. provides a patented Digital Fingerprint technology that enables real-time tracking and verification of assets throughout their entire lifecycle, utilizing various modalities such as BLE, NFC, and GPS. The platform addresses the issue of lost or counterfeit products in supply chains by offering a 360-degree view of item provenance, ensuring compliance and enhancing operational efficiency.
Funding
$6.6M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many companies struggle to effectively track assets throughout their lifecycle, leading to losses, counterfeiting, and compliance issues within their supply chains. The lack of real-time visibility into item provenance hinders operational efficiency and increases risks related to safety, brand reputation, and regulatory adherence.
Solution
LocatorX provides a supply chain intelligence platform that delivers real-time tracking and verification of assets from origin to consumption. The LX platform utilizes a patented Digital Fingerprint technology, creating a unique, trackable identifier for each product. This identifier can be integrated with various hardware modalities, including BLE, NFC, LoRaWAN, and GPS, to provide a comprehensive, 360-degree view of item provenance. By capturing critical data at each stage, LocatorX enables businesses to ensure authenticity, optimize inventory management, and make informed decisions based on connected insights.
Target Audience
LocatorX targets companies in mission-critical industries such as aerospace & defense, pharmaceuticals, and MedTech that require enhanced asset visibility, authenticity verification, and supply chain optimization.
Features
- Patented Digital Fingerprint technology for creating unique, trackable product identifiers
- Integration with multiple hardware modalities: Bluetooth Low Energy (BLE), Near Field Communication (NFC), Long Range Wide Area Network (LoRaWAN), and Global Positioning System (GPS)
- LX Connect interface for accessing data and reports
- REST APIs for feeding data directly into existing WMS, ERP, or CRM systems
- Secure data vault to ensure data integrity
- Geofencing and alerts for anomaly detection and theft prevention
- Automated reporting capabilities for streamlined audits