Since its inception in 2019, Hive-Zox has been on a mission to revolutionise product tracking and monitoring across logistics through its ‘Connected Monitoring as a Service (cMaaS)’ solution. The capital increase from its pre-series A round will facilitate further developments and expansion into the US and Asian markets.
Hive-Zox aims to enhance the delivery of real-time data intelligence on products and shipments across supply chains, enabling companies to make informed decisions and optimise their operations. Its cMaaS is a complete vertically integrated, all-inclusive solution offering an automated and seamless approach to real-time monitoring of products. It comprises proprietary IoT devices that capture data through programmable sensors, storing over 30’000 measurements, software for encrypted data transfer, including precise locations through next-generation mobile IoT communication protocols and a cloud platform as a central platform with prescriptive analytics to improve logistical throughputs and ROI.
Since entering the commercialisation phase with Pfizer as its first pharmaceutical manufacturing client, the startup has comprehensive validations, obtained necessary certifications, and passed the highest data security checks. The solution is today applicable in various sectors spanning pharma, air, ocean, and land freight.
The closing of its CHF 3 million Pre-Series A funding round will enable the startup to expand its customer base across Europe, the United States, and Asia, accelerate product development, and launch innovative solutions that will reinforce its position as a leader in providing real-time data intelligence across logistics and supply chains. TAG Group, a family-owned holding company, led the round, with participation from Monte Carlo Capital, a Monaco-based early-stage VC, led by former investment banker Ian Sosso, Solo GP, and Anker Capital, the B2B SaaS early-stage VC.
"TAG Group is excited to lead this funding round. We believe in Hive-Zox's potential to drive efficiency and innovation in supply chain management, and we look forward to collaborating closely as we enter this transformative phase of growth." Akram Ojjeh, Senior Vice-President, TAG Group. TAG Group is a family-owned holding company with interests in automotive, motorsports, logistics, hospitality, and consumer products. Historically, they were the owners of TAG Heuer and TAG Aviation
In recent years, Hive-Zox garnered recognition for its innovative technology and industry leadership. The company is part of the prestigious Tech4Trust Season 5 cohort on Digital and Cybersecurity and was awarded the Emerging Tech award at the World Innovation Economics in Davos earlier this year. Hive-Zox has also received the Seal of Excellence from EU Horizon 2020, is part of the Plug and Play Tech Center Ecosystem, and has been selected for TechTour events in 2023.
(Press release/RAN)
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