AKUA raises $3 million to bring IoT to shipping containers - Technical.ly Baltimore

Business

May 15, 2017 12:06 pm

AKUA raises $3 million to bring IoT to shipping containers

The CyberPoint International spinout is looking to disrupt supply chain management. This could be a Baltimore story worth watching.

Ship it.

(Photo by Flickr user Roy Luck, used under a Creative Commons license)

A Baltimore-based company working on IoT for the supply chain is making the national venture roundups today after closing on $3 million in seed funding.

AKUA has a pair of San Fransisco investors. Crosslink Capital led the round, and Enterprise Security Syndicate was a participant. Also contributing funds was London-based Talis Capital.

“We are excited about how a very experienced and industry savvy AKUA team is using leading edge technology to disrupt a huge market,” Crosslink Capital Partner Matt Bigge said in a statement. “Strong early customer traction coupled with a user-friendly solution enable a superior approach to logistics.”

AKUA was spun out of Inner Harbor-based CyberPoint International to work on Internet of Things last year. The company’s platform is focused on providing data about cargo containers, whether traveling by sea or on land.

Sensors track where containers are located, as well as the condition of the products inside and whether anyone has tampered with the containers. The company’s website lists about 15 clients, including several in the agricultural sector.

“We sell directly to the cargo owners where IoT sensors can improve their process efficiencies and greatly lower their losses and security risks,” AKUA CEO Neil Furukawa said in a statement.

The startup has been relatively quiet and supply chain management may not necessarily be the sexiest industry, but all signs point to an ideal story for Baltimore here. The company reflects Baltimore’s roots as a port city and cybersecurity hub coalescing in a vision with future-looking technology.

Organizations: CyberPoint International
-30-
LEAVE A COMMENT

Advertisement

WindMIL Therapeutics raises $32.5 million

How a shipping container is connecting strangers around the world

Johns Hopkins spinout LifeSprout raises $6.5 million

SPONSORED

Baltimore

How Think|Stack and Year Up are cultivating local tech talent

Baltimore, MD 21201

14 West

Advantage Solution Specialist

Apply Now
Philadelphia, PA OR Remote

Stitch, Inc.

Director, Alliances

Apply Now
Home/Anywhere

The One and Only Corp

iOS/Android Developer

Apply Now

The team behind WeatherCube air quality monitors formed a new startup

Hungry Harvest started delivering in Detroit, and is eying more expansion

With $3M in federal funding, Perceptive Navigation sees a path to FDA approval

SPONSORED

Baltimore

Let these free workshops help your business really take off

Baltimore, MD

Rendia

UI/UX Designer

Apply Now
3500 Boston St, Baltimore, MD 21224

SmartLogic

Sales and Business Analyst

Apply Now
Baltimore

Rendia

System Administrator

Apply Now

Sign-up for daily news updates from Technical.ly

Do NOT follow this link or you will be banned from the site!