Roambee raises $15.2 million to track physical assets with AI

The Santa Clara, California-based startup provides on-demand shipment and asset monitoring for companies in the logistics, transportation, finance, pharmaceutical, and automotive industries, with products that combine internet of things sensors and AI with robotic process automation to deliver insights and streamline operations. “Customers begin by using our service as an early warning system to eliminate disruptions and reduce risks in their supply chain,” he added, pointing out that nearly 60 million industrial assets are expected to be connected via narrowband IoT devices by 2026. Honeycomb identifies key events in the supply chain or asset management operations, including ETA changes; route deviations; temperature excursions; unauthorized stops; restricted time movement; and theft, damage, or tampering with goods. They can also cover more facilities by letting Honeycomb marry live data like humidity, air pressure, ambient light, shock, acceleration, tilt, and more with automation and predictive analytics that suggest the best course of action. We are excited to support them in scaling up to meet demand as more organizations recognize the need for and value from real-time supply chain monitoring.” Roambee has regional offices in Mexico, Brazil, the U.K., Germany, the United Arab Emirates, India, Malaysia, and Indonesia.