Overview

Tive provides solutions for monitoring supply chains in real-time, allowing companies to keep track of their shipments' location and condition during transit. Their product includes multi-sensor trackers that gather data on factors like temperature, shock, light exposure, and humidity. This data is sent to a cloud-based software platform where it can be analyzed in real-time. Clients can track their goods, receive alerts for any deviations from set conditions, and review historical data to improve their supply chain processes. Tive stands out from competitors by offering a combination of both hardware and software, including a unique 5G-enabled single-use tracker. Their goal is to help businesses in logistics and transportation maintain strict control over their in-transit goods, ensuring they can respond quickly to any issues that arise.

Simplify's Take

What believers are saying

• Tive secured $40M Series C funding to enhance shipment tracking solutions.
• The Green Program nearly doubled returned and recycled trackers in 2024.
• Tive gained over 350 new customers in 2024, expanding its market presence.

What critics are saying

• Integration challenges from acquiring Tag Sensors AS could disrupt operations.
• Increased competition from startups may erode Tive's market share.
• Reliance on 5G technology poses risks if network rollouts face delays.

What makes Tive unique

• Tive offers 5G-enabled single-use trackers for real-time shipment monitoring.
• The platform provides customizable alerts and historical data for supply chain optimization.
• Tive's 24/7 monitoring service aids in managing and responding to shipment issues.

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Funding

Total Funding

$118.3M

Above

Industry Average

Funded Over

5 Rounds

$40,000,000

Series C

Jan 2025

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.

Series C Funding Comparison

Below Average

Industry standards

Ind Avg. $50M

$16M

$40M

$40M

$50M

$62M

$100M

View all funding stages