Tive has raised $66.0M in total across 2 funding rounds.
Tive's investors include Aphelion Capital, AXA Strategic Ventures, FirstMark Capital, World Innovation Lab, AME Cloud Ventures, Cowboy Ventures, Dunce Capital, Hardware Club, LightShed Ventures, Primetime Partners, Rethink Education, Daniel Rosensweig.
Tive is a Boston-based technology company founded in 2015 that builds a cloud-based platform for real-time supply chain visibility, using patented sensor technology and 24/7 monitoring services.[1][2][3] It serves over 850 global shippers, logistics providers, and retailers in industries like food and beverage, pharmaceuticals, high-value goods, and transportation, solving problems such as shipment delays, theft, damage, spoilage, and excursions by providing location, temperature, humidity, and shock data for actionable insights.[2][3] Tive's growth includes 80% year-over-year revenue increases, over 250 new customers in 2022, 1 million trackers sold, and recognition as a 2024 Top Tech Startup by *Food Logistics* and *Supply & Demand Chain Executive*.[2][3]
(Note: A separate entity, Tive Technology at tivetechnology.com, focuses on mobile communication and real-time interpreting for the deaf and hard-of-hearing community; this profile centers on the supply chain leader at tive.com, matching the query's technology company context.[4][5])
Tive was founded in June 2015 by Krenar Komoni in his basement in Worcester, Massachusetts, with the goal of eliminating surprises in supply chains through end-to-end visibility.[3] In 2016, the company released its first battery-powered tracker, secured a pilot with Nokia, and joined Bolt and Techstars incubator programs.[3] Early funding included $3.14M in seed capital in May 2017, followed by $12M Series A in December 2020 and $54M Series B in April 2022.[3] Pivotal moments include launching the world's longest-lasting slim tracker in 2018, achieving SOC 2 Type 2 and ISO 27001 certifications in 2022, acquiring MyTrackingDevices in 2023, and releasing innovations like the Solo 5G tracker (including a non-lithium version) and co-launching the Open Visibility Network.[3] These milestones fueled rapid expansion to 166 employees and a Boston HQ.[1][3]
Tive stands out in supply chain tracking through these key strengths:
Tive rides the supply chain digitization trend, accelerated by post-pandemic disruptions, e-commerce growth, and demands for resilience in global logistics.[2] Its timing aligns with rising needs for multi-modal tracking amid complex networks in food, pharma, and manufacturing, where real-time data cuts waste and ensures compliance.[2][3] Market forces like sustainability pressures (e.g., non-lithium trackers) and 5G adoption favor Tive, enabling efficiency gains and influencing the ecosystem through the Open Visibility Network, which fosters industry collaboration.[3] As a leader, Tive shapes standards for visibility tech, empowering 500+ enterprises to optimize operations and reduce environmental impact.[1][2]
Tive's trajectory points to continued dominance in logistics tech, with expansions in 5G, AI-driven insights, and global networks likely driving further customer growth beyond 850.[2][3] Trends like autonomous shipping, stricter regulations, and climate-focused logistics will amplify its platform's value, potentially through acquisitions or partnerships.[3] Its influence may evolve from tracker pioneer to ecosystem orchestrator, ensuring "every shipment matters" in an increasingly connected world—building on its basement origins to redefine supply chain reliability.[1][3]
Tive has raised $66.0M across 2 funding rounds. Most recently, it raised $54.0M Series B in April 2022.
| Date | Round | Lead Investors | Other Investors |
|---|---|---|---|
| Apr 1, 2022 | $54.0M Series B | Aphelion Capital, AXA Strategic Ventures, FirstMark Capital, World Innovation Lab | |
| Dec 1, 2020 | $12.0M Series A | AME Cloud Ventures, Cowboy Ventures, Dunce Capital, Hardware Club, LightShed Ventures, Primetime Partners, Rethink Education, Daniel Rosensweig, David Ko, Mark Pincus, Vibhu Mittal |
