Hoopo Raises $10M in Series A Funding
Summary
The company intends to use the funds to further growth in the transportation, aviation, and waste management space, develop a tracking solution for the maritime industry, transforming dry containers into smart, manageable fleets. Each tracking unit will be designed to last for the asset’s entire lifetime, while ensuring item-level visibility. Led by CEO Ittay Hayut, Hoopo provides asset and fleet visibility solutions for connected fleets, which helps businesses to track and manage their operations, inventory, and equipment by giving access to real-time data and analytics. The intelligent location technology can be used across complex logistic operations, including transportation, aviation, waste management, and maritime. Customers who use the solutions improve their asset utilization and cycle times, identify bottlenecks, optimize operations for higher efficiency, and offer elevated customer experience.