Roambee Gets $15.2 Million Funding For IoT Asset Tracking And Monitoring

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  • The funding was led by Swiss-based investment firm Anchor Group, and global investment group Comcraft
  • The company claims that it has more than 200 paying customers with operations in Brazil, Mexico, India, Germany, UK, and UAE

California-based goods and asset tracking IoT startup Roambee has received a $15.2 million additional Series B funding. The funding was led by Swiss-based investment firm Anchor Group, and global investment group Comcraft. It also saw investment from Intuitive Ventures, Jebsen & Jessen, Telkomsel, and industrialist Anant Singhania.

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 foresight to streamline and optimize their operations. Anchor’s investment is a strong validation of our technology and our team.”

Automate operations within the enterprise

Roambee’s sensor logistics platform uses IoT sensors to collect data. It also uses AI to give insights and robotic process automation (RPA) to automate operations within the enterprise. 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 the further transformation of supply chains.”

The company claims that it has more than 200 paying customers with operations in Brazil, Mexico, India, Germany, UK and UAE. It includes the top three global companies in pharmaceuticals, global logistics and food, and beverages.

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