Below is our recent interview with Krenar Komoni, CEO & Founder of Tive:
Q: This is the first time we have spoken. Can you provide a brief overview of Tive?
A: Tive helps companies eliminate surprises in their supply chain by providing real-time visibility into shipments throughout the transportation process, offering location data and condition insights.
Traditionally, shipment tracking has been incredibly complicated, unreliable and expensive. However, we offer a solution that cuts through the noise with easy-to-use shipment trackers; intuitive software that provides actionable insights such as temperature, shock, light exposure and humidity; and a 24/7 support team that helps to proactively solve problems and optimize the distribution of goods.
Q: Why is it important? Tell us something more about your product?
A: What really separates Tive is our full-solution (as opposed to just hardware, software and services) customer-centric approach. Our team truly understands how important it is to take great care of our customers (shippers and 3PLs) and what matters most to them – their shipments. We do this by providing a proactive monitoring and visibility solution that is SaaS-based or integrates with customers’ TMS solutions and provides actionable insights, so they can seamlessly manage their loads. With Tive, our customers can actually solve problems before they occur, allowing them to deliver a superior customer experience.
Q: Can you tell us something about your pricing?
A: Pricing is simply based on the number and type of trackers that fit customer’s needs (single-use, multi-use, battery type, battery life, cellular/wifi/GPS, ETC. Our complete solution is a SaaS interface that also includes an API to integrate with existing tracking systems (TMS).
Q: You’ve recently raised $12,000,000 in Series A funding can you tell us something more?
A: We released the industry’s first 5G-ready single-use tracker at the beginning of 2020, which has been a great market fit. And we also delivered the first-ever Non-Lithium powered tracker to address safety and environmental concerns.
Q: What is next on the roadmap for Tive?
A: Tive serves customers across the $20 trillion shipping industry, ranging from consumer packaged goods, logistics, produce, and retail. Our customers include some of the best-known shippers and third party logistics companies in the world.
The pandemic hugely accelerated digitization around supply chain logistics. And quickly, our customers realized that in order to digitize their overall logistics, they needed visibility into their shipments. So as customers began to search for a solution, our inbound increased. Customers came to us looking for easy-to-use tracking solutions. That surge in digitization allowed us to grow 570% in annual revenue.
There’s also been increased attention on refrigerated transport (cold-chain) as the Covid-19 vaccine temperature requirements create a massive logistical challenge for shipping. Our technology could play a major role in this critical quality control as the supply chain is stretched to its current limits globally.