The startup develops logistics technology that provides real-time visibility and predictive analytics for container logistics, enabling precise monitoring of cargo conditions through deep-tech tracking and sensor fusion. This technology addresses inefficiencies in cargo transit by delivering actionable insights that enhance decision-making and operational effectiveness.
Funding
$3.2M 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
The container logistics industry faces challenges in monitoring cargo conditions and ensuring cargo security, leading to potential loss of value and increased delivery times. Existing visibility services often lack the comprehensive data and real-time insights needed for effective decision-making during transit.
Solution
trackIT provides a logistics solution that delivers end-to-end visibility, critical event recognition, and real-time risk analysis for cargo in the container supply chain. By focusing on the cargo itself, trackIT's service enables customers to make informed decisions to avoid loss of cargo value and delivery delays. The core of the solution is a multi-sensor device that monitors both the inside and outside of the container, combined with a data-driven platform that provides actionable insights and predictive analysis. This approach allows for proactive management of the logistics supply chain, reducing costs and waste while creating a predictive environment for future journeys.
Target Audience
The primary target audience includes exporters, manufacturers, shippers, freight forwarders, shipping companies, and importers seeking to enhance cargo security, reduce costs, and improve decision-making in their logistics operations.
Features
- Multi-sensor device with over 20 sensors, placed inside and outside the container, collecting data on the cargo and its surrounding environment
- Real-time tracking of location and condition of cargo
- Real-time alerts for shipment departure and arrival, as well as cargo issues or potential issues
- Algorithms for efficient modeling and prediction modeling, providing industry and operation insights
- Ability to connect to a further 255 devices in the container using a container area network
- Patented technology for wireless data transfer from inside the container without drilling
- Compliance with UN standards for communication to backend systems