BOX ID, a Munich-based startup, has successfully raised 3.5 million euros in a funding round led by KPN Ventures. The company plans to use the investment to further develop its logistics software for IoT-based supply chain transparency. The funding will be used to enhance BOX ID’s SaaS platform, which is already being used by leading companies in Europe and the Asia-Pacific region. Additionally, BOX ID has been nominated for the prestigious IFOY Award 2024, which recognizes outstanding achievements in intralogistics.
BOX ID’s SaaS platform revolutionizes transparency and control in industrial logistics
Intelligent Supply Chain Management is crucial in transforming today’s industrial logistics towards greater cost efficiency and sustainability. The main goals of global logistics include optimizing transportation, preventing losses and misdeliveries, maximizing availability, and reducing costs and environmental impact. BOX ID’s SaaS platform addresses these goals by providing a new level of transparency and control in industrial logistics chains. It connects the IT world with the physical delivery chain, allowing for intelligent integration of IoT sensor data with enterprise software datasets. This results in transparent supply chain data and analysis capabilities to improve availability, prevent losses, and optimize the use of logistics assets.
The software seamlessly integrates IoT sensor data with enterprise software data, bridging the gap between the digital and physical aspects of the supply chain. This innovative approach enables the generation of transparent supply chain data and advanced analytics capabilities, empowering businesses to enhance availability, minimize losses, and optimize the utilization of logistics assets.
BOX ID’s software revolutionizes supply chain management by seamlessly integrating real-time data streams with target processes, effectively eliminating waste and improving overall efficiency. By automatically cross-referencing data streams, the software efficiently reduces losses, incorrect quantities, and misrouted items, resulting in improved availability, cost savings, and a reduced ecological footprint. Unlike traditional tracking systems that generate reports for later analysis, BOX ID’s software constantly monitors process execution, proactively identifying and preventing errors before they occur.
BOX ID is a leading innovator in its segment with a global customer base of over 60 clients. These clients span across various industries such as automotive, machinery, glass, wholesale, and logistics services. Currently, the company’s main focus is on Europe and the Asia-Pacific region. Through a successful partnership with Fega&Schmitt, a subsidiary of the Würth Group, BOX ID has developed a new platform module that not only manages the flow of containers in the distribution chain but also eliminates costly picking errors in distribution centers.
BOX ID has successfully secured a funding round of 3.5 million euros, led by KPN Ventures and supported by various seed investors and business angels. This investment will enable BOX ID to further develop their products and expand their business. KPN Ventures recognizes BOX ID as a promising partner, offering innovative solutions that provide added value to both national and international corporate customers.
BOX ID’s SaaS platform enables efficient tracking, automation, and optimization of material flows within individual sites and across entire supply chains. By equipping fleet assets with auto-ID and/or IoT devices, BOX ID provides its customers with transparent and efficient management of complex supply chain processes. This versatile solution is applicable in various industries, including automotive, wholesale, healthcare, manufacturing, glass industry, and postal and parcel services.
BOX ID has successfully completed a funding round and been nominated for the IFOY Award 2024, positioning itself as a leader in innovation in the field of intralogistics. With its software’s transparency and control, companies can optimize their logistics processes, reduce costs, and contribute to sustainability. BOX ID eliminates waste throughout the supply chain, allowing companies to elevate their supply chain transparency to new levels.
