The startup develops sensor-based tracking products and a logistics management platform that enables supply chain digitization through real-time monitoring and predictive analytics. Their technology provides affordable and secure tracking of freight for railways and container shipping, addressing inefficiencies in product visibility and fleet management.
Funding
$212.7M 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
Inefficient supply chain management results from a lack of real-time visibility into asset location, condition, and utilization, leading to increased operational costs, safety risks, and environmental impact. The absence of comprehensive data hinders effective decision-making and process automation for stakeholders across the value network.
Solution
Nexxiot provides a suite of IoT-enabled hardware devices and a logistics management platform that delivers real-time asset intelligence for the rail and intermodal industries. The company's sensor-based tracking products, including Globehopper, Edge, Vector, Temperature Monitor, Kingpin Monitor, and Loadtracker, collect and transmit data on location, mileage, impact events, temperature, and load status. This data is then processed and analyzed in the Connect Intelligent Cloud platform, providing users with actionable insights to optimize operations, improve safety, and enhance sustainability. The platform also features Scope AI, an AI assistant that allows users to quickly access asset data and generate custom reports through conversational queries.
Target Audience
The primary customers are transport operators, cargo owners, and other stakeholders across the value network seeking to optimize logistics operations, reduce emissions, and enhance operational safety.
Features
- Globehopper: Monitors railcars and tank containers with data updates every 5 minutes; features integrated energy harvesting with solar panel and a 6-10 year maintenance-free lifetime; ATEX certifications for hazardous environments.
- Edge: Monitors intermodal containers with data updates every 15-60 minutes; compact hardware designed for easy mounting; 6-10 year battery life.
- Vector: Provides real-time visibility of railcar systems, monitoring door, hatch, and handbrake status; smallest size in the industry with a 15+ year battery life.
- Temperature Monitor: Provides real-time temperature monitoring with customizable alerts and triggers; measurement range of -50°C to +150°C.
- Kingpin Monitor: Confirms safe loading of semi-trailers on railcars by monitoring kingpin engagement status; provides immediate display of lock engagement status with LEDs.
- Loadtracker: Monitors load status with full/empty and loading events detection; device is mounted on the railcar bogie.
- Connect Intelligent Cloud: Provides real-time route monitoring, mileage analysis, geofencing, shock detection, and improved asset utilization; open API for easy integration of third-party devices.
- Scope AI: AI assistant that allows users to quickly access asset data and generate custom reports through conversational queries.