Sensos Raises $20M To Revolutionize Supply Chain Digitization

Sensos, a Sony Semiconductor Israel spin-off, has successfully closed its Series A funding round to further develop a proactive supply chain management solution. The funding was led by Mitsui-backed Magenta Venture Partners, who were joined by JAL Ventures, with the participation of Israel Cargo Logistics, and Sumitomo Corporation.
 
The smart logistics industry that tracks shipments and manages remote inventory is fragmented, relying on partial digital solutions, poor data quality, and error-prone manual labor, resulting in supply chain inefficiencies and waste. This increases operating costs by requiring companies to keep larger inventory and apply wider production margins, heavily impacting their bottom line and affecting the environment. To address this, Sensos’ co-founders Aviv Castro CEO, Yair Ripshtos, CTO, and Tal Kanonich, COO, took a holistic approach to the problem, combining their unique cellular label with an AI-powered control tower to collect and analyze exclusive data and provide logistic teams with real-time actionable alerts to allow proactive resolutions.


Source: Metaverse Insider