Tag n-Trac is a La Jolla-based provider of advanced technologies for smart IoT tracking. It raised $10M in Series B funding.
The round was led and participated in by Dell Technologies Capital, Aerosafe Global Inc.
The funds will be used by the company to expand its operations and business reach.
Venu Gutlapalli is the CEO of Tag-n-Trac. He provides customers with a complete IoT solution that integrates multiple modes (hardware, software, and data) to create smarter solutions for complex problems. SaaS platform provides complete visibility into the global supply chain ecosystem. This technology uses low-cost hardware sensors, as well as a SaaS platform that is not dependent on any sensor, to aid shippers, logistics providers, and manufacturers in tracking the location, status, and condition of goods, from manufacturing to shipping to last-mile delivery.
This platform is powered by wireless Bluetooth technology and cellular smart labels technologies. It provides a complete end-to-end view that can be used to efficiently address production issues such as temperature excursions and tamper detection. Tag-n-Trac serves a wide range of market verticals. It works with supply chain partners such as multi-modal 3PLs and ERP providers, BI software developers, and packaging/labeling companies. Customers have real-time visibility at the product level, allowing them to gain a better understanding of trends and behaviors.