Tive: Revolutionizing Freight Tracking with $40M Series C Boost

In a world grappling with supply chain inefficiencies, Tive, a technology startup founded by Krenar Komoni, is addressing the visibility gap by offering real-time freight shipment tracking solutions. Through its cloud-connected, single-use trackers, Tive not only monitors the location but also environmental factors such as temperature, humidity, and physical impacts for industries including pharmaceuticals and food and beverage. Originally focused on vehicle tracking, Tive has strategically diversified into comprehensive shipment monitoring, attracting a global customer base, including government sectors. The company has secured $40 million in Series C funding, co-led by World Innovation Lab and Sageview Capital, with additional investments from Qualcomm Ventures and others, raising their total funding to $120 million. Komoni plans to leverage these funds to enhance product development, expand sustainability initiatives, and extend Tive's global reach. With a headcount of 243 employees, Tive expects profitability by 2026, forecasting accelerated business growth despite a challenging global freight market.