The $15.2mn Series B funding will allow Roambee to boost its real-time predictive monitoring solutions with one-of-a-kind IoT + AI + RPA Enterprise Solution to disrupt the logistics industry.
Roambee, an on-demand shipping and inventory management software services provider for engineering, storage, distribution, banking, pharmaceutical and automotive sectors, today announced an incremental Series B investment round of $15.2 million.
Led by Switzerland-based investment firm Anchor Group and global investment group Comcraft, the 15.2 million funding also included investments from Intuitive Ventures, logistics conglomerate Jebsen & Jessen, Indonesia’s largest wireless service provider Telkomsel and the industrialist Anant Singhania.
Roambee has seen 100 per cent growth year-over-year, and this new funding round will be used to boost its activities and drive global sales.
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Roambee’s sensor logistics network, based in Silicon Valley, CA, utilizes IoT devices to gather data, artificial intelligence (AI) to provide predictions and foresights, and robotic process automation (RPA) to simplify business operations. A rare mix of technologies is poised to fuel the emerging global economy and Roambee is at the center of it today.
Anchor Group reviewed nearly 400 companies in logistics and supply chain tracking and digitization before choosing Roambee as the IoT technology to win. 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.”
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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.”
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