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Tive’s tools help companies track the status of their shipments in real time

Tive, a startup selling tools to help companies track shipments throughout the supply chain, has raised $40 million in a Series C round.

In search of a remedy, Krenar Komoni, who’d for years helped his father-in-law track his truck fleet, founded Tive, a startup that’s developing tech to pinpoint freight shipments in real time. The company is generating revenue from those customers in a number of ways, Komoni says, including through annual software fees for its cloud platform, tracker sales and shipment monitoring services. “Tive’s focus on supply chain solutions for all types of goods — durable, nondurable, perishable, industrial, consumer, and so on — positions it well to weather broader tech slowdowns and recessions,” Komoni said.

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