The startup operates a telematics platform that utilizes digital signage and mobile applications to provide real-time location tracking of retail assets. This technology enhances inventory management efficiency by enabling precise monitoring of asset positions within stores.
Funding
$5.6M 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 retail, manufacturing, and logistics operations struggle with inefficient inventory and asset management due to a lack of real-time visibility into the location of goods. Traditional methods like manual checks and barcode scanning are time-consuming, error-prone, and fail to provide accurate, up-to-date information on item locations. This leads to lost sales, excess inventory, and wasted time searching for misplaced items.
Solution
RF Locus offers an RFID-based inventory and asset tracking system that provides real-time location data for items within a store, warehouse, or factory. Using patented radio wave phase analysis technology, the system accurately pinpoints the location of RFID-tagged items, overcoming the limitations of traditional signal strength-based methods. The solution includes options for handheld readers, automated RFID gates, and integration with forklifts and autonomous mobile robots (AMRs) to automate data collection. By visualizing inventory location on a digital map, RF Locus enables businesses to streamline operations, reduce search times, prevent stockouts, and optimize inventory levels.
Target Audience
The primary target audience includes retailers, manufacturers, logistics providers, and other businesses that need to improve inventory accuracy, reduce labor costs, and optimize their supply chain operations.
Features
- Real-time location tracking of inventory and assets using passive UHF RFID tags
- Patented radio wave phase analysis for high-accuracy location detection, even within boxes or closed containers
- Locus Mapping software to visualize item locations on a digital map of the facility
- Handheld RFID readers for manual inventory counts and item searches
- RFID gates for automated tracking of items moving through doorways or checkpoints
- Integration with forklifts and AMRs for automated inventory data collection
- Real-time monitoring of production progress and supply chain information
- Cloud-based data storage and reporting