Arviem AG announced today the successful closing of its series B investment round. With the new investment of US$ 10 million, Arviem, a Swiss-based company that provides IoT enabled cargo monitoring and supply chain data analytics services bring its total funding to US$ 15 million. The Series B investment round was led by SICPA, a leading global provider of secured identification, traceability and authentication solutions and services. Additional funds are coming from existing investors Swisscom and Verve Capital Partners, as well as new investors such as hiQ Solutions, Chanco Holding, NEST and private investors. SICPA and some private investors will join the Board of Arviem.
Sauro Nicli, Member of the Executive Committee at SICPA says, “The container shipping industry is embracing technology to improve productivity and cut costs. Even though so far the industry has been slow in responding to technological advances, the change brought about by digitalization is now coming to shipping and logistics and the rate of adoption of new technologies is accelerating. Therefore, companies offering products and services tailored for this market, such as Arviem, are positioned for ongoing success.”
Arviem’s cargo tracking and monitoring service enables exporters, importers, distributors and manufacturers of goods to understand what’s going on in their supply chains with a level of detail that was not possible before. Arviem’s IoT technology creates transparency in supply chains, eliminates logistics blind spots by connecting intermodal shipping containers, cargo, vessels, and trailers to a cloud-based data analytics platform.
Arviem’s monitoring devices ride with the client’s cargo all along the journey, transmitting precise, ongoing real-time data on the location and the condition of cargo making sure even untraceable shipments can be tracked with ease. Arviem’s unique pay per use pricing model sets the company apart from competitors as it enables corporate clients to roll out the service easily, without the burden of introducing new process or investing into hardware, software or staff.
“During our 10 years of operations, Arviem has focused on addressing the needs of clients towards more transparent, more efficient supply chains,” says Stefan Reidy the founder and CEO of Arviem. “By providing a unique IoT powered, hassle-free cargo monitoring service with global coverage, we have succeeded in driving rapid customer adoption and our service has been deployed by clients in various industries worldwide. To continually support the needs of the industry, the new funding will be used for expanding our service portfolio leveraging the mass of data that we have collected over the years. Developing our services in supply chain financing and supply chain risk profiling with the aim of creating a ‘one-stop-shop service’ (or so-called supply chain service ecosystem) will be our next milestone.”
About Arviem AG:
Arviem’s real-time cargo tracking and monitoring service provides in-transit visibility enabling exporters and importers to develop smarter, more efficient and responsive supply chain operations. As the only full-service provider of real-time cargo monitoring on the market, Arviem makes invisible supply chain operations visible by maintaining consistent data flow. Thanks to Arviem’s intelligent cargo monitoring solution, clients are empowered to make educated, well-informed operational decisions while staying in control of their cargo from its origin to its destination. www.arviem.com
Founded in 1927, SICPA is a trusted global provider of security inks as well as secured identification, traceability and authentication solutions. With cutting-edge security inks and technologies at the core of its expertise, the company protects the majority of the world’s banknotes, security and value documents. SICPA also works with governments and industry clients to protect citizens and consumers by offering product authentication, traceability, proof of origin and tax reconciliation. www.sicpa.com