Roambee raises $15.2M for supply chain monitoring system
Roambee's Internet of Things (IoT) solution and surrounding ecosystem draw interest
Roambee, an on-demand shipment and asset monitoring platform company serving the manufacturing, logistics, transportation, finance, pharmaceutical and automotive industries, today announced a $15.2 million additional Series B financing.
Headquartered in Silicon Valley, CA, Roambee's sensor logistics platform uses IoT sensors to collect data, which is then passed through Artificial Intelligence (AI) for analytics and Robotic Process Automation (RPA).
Led by Anchor Group, a Swiss-based investment firm focused on industrial innovation platforms, and Comcraft, a global investment group, the Roambee series also included investments from Intuitive Ventures, logistics conglomerate Jebsen & Jessen, Indonesia's largest wireless service provider Telkomsel and industrialist Anant Singhania.
Roambee says it has experienced 100% year-over-year growth and this new round of funding will be used to expand its operations and accelerate sales globally.
Roambee has more than 200 paying customers with operations in Brazil, Mexico, India, Germany, UK and UAE operating in pharmaceuticals, global logistics and food & beverages.
Anchor Group's Managing Partner Dweep Chanana, said, "As the only company to collect, translate and transform data into actionable intelligence operating globally, we believe that Roambee is already materially disrupting the logistics industry and well poised to drive and benefit from further transformation of supply chains."
"Roambee delivers a proven end-to-end goods and asset monitoring solution," Chanana continued. "As a first step to creating connected supply chains, their integrated approach has resonated strongly with major enterprises who are undertaking major deployments – establishing Roambee as a clear leader in this field. We are excited to support them in scaling up to meet demand as more organizations recognize the need for and value from real-time supply chain monitoring."
Sanjay Sharma, CEO of Roambee, said, "Customers begin by using our service as an early warning system to eliminate disruptions and reduce risks in their supply chain. We then extend our value proposition by providing insights and foresights to streamline and optimize their operations. Anchor's investment is a strong validation of our technology and our team."