What You Should Know:
- 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.
Funding to Improve Efficiency in the Logistics Industry
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.
Sensos is already collaborating with top-tier brands such as Bayer, DB Schenker, and others, providing valuable insights for various industries and use cases such as cold chain life-science products, consumer electronics, mission-critical shipments, and high-value goods.
“This investment from leading players in the industry is a clear vote of confidence in the team and in the solution, solving the lack of actionable data and the need for optimized execution in today’s logistics market,” said Aviv Castro, CEO of Sensos. “By using the Sensos solution, companies can optimize production planning, inventory levels, and shipping efficiency and at the same time monitor and reduce greenhouse gas emissions meeting ESG regulations.”
