Sensos, a supply chain digitization startup and spin-off of Sony Semiconductor Israel, has successfully raised $20 million in its Series A funding round. The lead investor in the round was Magenta Venture Partners, an Israeli venture capital firm backed by Japanese conglomerate Mitsui. Other participants included JAL Ventures, Israel Cargo Logistics, and Sumitomo Corporation.
While Sensos specializes in manufacturing solutions for smart logistics, their main focus lies in creating ultra-thin electronic labels that can be discreetly attached to packages, enhancing the visibility of supply chain data. What sets Sensos apart is their approach to smart packaging solutions, which utilizes cell towers for tracking, eliminating the need for manual checkpoints.
The innovative labels offered by Sensos are helping enterprises automate their supply chain traceability, attracting major players like Bayer and DB Schenker. These labels are equipped with printed zinc manganese batteries, ensuring optimal operational lifetime for up to a year.
The recent funding round is a significant accomplishment for Sensos, considering the challenges faced by Israeli tech companies after the collapse of Silicon Valley Bank. The investment reaffirms the belief that supply chain visibility is a crucial foundation for building successful businesses in the digitization and logistics intersection.
As Sensos’ products gain scalability and customers become more familiar with the technology, we can expect companies to explore embedding sensors directly into manufactured goods for enhanced traceability. This presents a unique opportunity for the additive manufacturing (AM) industry, particularly players in the printed electronics space. The convergence of IoT applications and 3D printing is becoming increasingly lucrative and promising.
The funding secured by Sensos indicates the growing demand for solutions that provide real-time actionable data in the supply chain and logistics sector. With the support of industry leaders, Sensos is well-equipped to address this global challenge and revolutionize the future of supply chain digitization.
FAQ:
1. What is Sensos?
Sensos is a supply chain digitization startup and spin-off of Sony Semiconductor Israel.
2. How much funding did Sensos raise in its Series A funding round?
Sensos raised $20 million in its Series A funding round.
3. Who was the lead investor in the funding round?
The lead investor in the funding round was Magenta Venture Partners.
4. What is the main focus of Sensos?
Sensos specializes in creating ultra-thin electronic labels for smart logistics solutions.
5. How do Sensos labels enhance the visibility of supply chain data?
Sensos labels utilize cell towers for tracking, eliminating the need for manual checkpoints.
6. Which major companies have become customers of Sensos?
Bayer and DB Schenker are examples of major companies that have become customers of Sensos.
7. What type of batteries do Sensos labels use?
Sensos labels are equipped with printed zinc manganese batteries, providing optimal operational lifetime for up to a year.
8. How does the funding round benefit Sensos?
The funding round is a significant accomplishment for Sensos and reaffirms the belief that supply chain visibility is crucial for successful businesses in digitization and logistics.
9. What does the future hold for Sensos’ products?
As Sensos’ products gain scalability and customers familiarize themselves with the technology, there is potential for embedding sensors directly into manufactured goods for enhanced traceability.
10. What does the funding secured by Sensos indicate?
The funding secured by Sensos indicates the growing demand for real-time actionable data in the supply chain and logistics sector.
Definitions:
– Digitization: The process of converting analog information into a digital format.
– Venture capital: Financing provided to early-stage, high-potential, and high-risk startup companies.
– Supply chain: The sequence of processes involved in the production and distribution of goods or services.
– IoT (Internet of Things): A network of interconnected physical devices that are embedded with sensors, software, and other technologies to exchange data.
– Additive manufacturing (AM): A process of creating three-dimensional objects by adding material layer by layer.
– 3D printing: A type of additive manufacturing that creates physical objects from a digital design.
Suggested Related Links:
– Sensos
– Magenta Venture Partners
– Mitsui
– Bayer
– DB Schenker
The source of the article is from the blog maltemoney.com.br