Transparent Path develops real-time supply chain visibility technologies using IoT sensors and AI algorithms to monitor the location and environmental conditions of perishable goods during transit. This system addresses inefficiencies in traditional supply chains, reducing waste and costs while ensuring product quality and safety.
Funding
$812K 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
Supply chains for perishable goods often lack real-time visibility into location and environmental conditions, leading to waste, increased costs, and compromised product quality and safety. Disputes between supply chain partners are difficult to resolve due to lack of transparency and verifiable data.
Solution
Transparent Path provides a real-time supply chain visibility platform that uses IoT sensors and AI to monitor the location and environmental conditions of goods in transit, from origin to destination. The platform's sensors track location, temperature, humidity, shock, tilt, light exposure, and door openings, providing end-to-end visibility. By providing verifiable data on product handling and environmental conditions, Transparent Path helps reduce waste, lower costs, and ensure product quality and safety. The platform also facilitates collaboration and streamlines dispute resolution among supply chain partners.
Target Audience
The primary target audience includes companies that ship high-value, perishable goods such as food and beverage, pharmaceuticals, biomedical products, and sensitive chemicals.
Features
- Real-time monitoring of location, temperature, humidity, tilt, shock, acceleration, light exposure, and door openings
- Wireless IoT sensors that attach to shipments and transmit data to the cloud
- FreshScore™, a patent-pending freshness prediction metric using machine-learning algorithms
- Customizable alerts for temperature excursions, delays, and other critical events
- Secure cloud platform for data storage, analysis, and reporting
- Role-based access control for secure collaboration among supply chain partners
- API integrations with existing supply chain management systems
- Reusable trackers with flexible monthly pricing