Momenta Ventures Invests in Akua End-to-End IoT Supply Chain Logistics
Posted by Lee Carter
Momenta Ventures is pleased to announce its recent investment in Akua.
Akuaprovides supply chain logistics services through its Software-as-a-Serviceplatform that transforms IoT sensor data into actionable logistics intelligence
The companyhas gained significant customer traction in US Government logistics, heavy machinery,high consequence merchandise and cold chain tracking spacesand in emerging use cases
Ledby industry veteran CEO Neil Furukawa, Akuahas offices in San Francisco and Baltimore
Akua’s Secure Logistics Master (SLM) gateway device combines an electronic high security seal and multiple IoT protocols including Low Power Wide Area Networks (LPWAN). The SLM gateway enables customers to track shipments and monitor all assets contained in that shipment such as temperature sensors in refrigerated containers. The SLM sends that data to the cloud, enabling operational efficiency and real-time valuable cargo status and location.
Marc Pegulu, Vice President, Wireless LoRa and IoT at Semtech, commented: “Asset tracking is a key vertical in the IoT industry. LoRa® with its long range, and flexible and scalable capabilities, is an ideal solution for this market to provide real-time asset tracking.”
According to Ken Forster, Momenta Ventures’ Managing Director: “We see Akua as a critical provider of in-transit location and condition monitoring, one of the highest value use cases in mobile asset tracking. This is a sweet spot for LoRa®-enabled sensor capabilities by providing long-range, low-power, real-time connectivity throughout the supply chain. Akua is the first of several investments we are driving to fully unleash the value of LoRa® in the supply chain”.
According to Akua CEO Neil Furukawa: “We are happy to have Momenta Ventures on-board. Their deep industry knowledge in Digital Industry and their commitment to LPWAN is unique. Momenta’s investment in Akua is an exciting next step in our journey to bring greater transparency to shipping”.
AKUA is a subscription data service and IoT sensor platform providing persistent environmental monitoring, electronic security seal, and GPS tracking solutions for intermodal containers to enable end to end, first to last mile in-transit supply chain visibility for shipments across the globe. Through AKUA, beneficial cargo owners enhance operating effectiveness and efficiency, minimize loss from theft, damage, or other spoilage, and optimize the value of goods through predictiveanalytics-baseddecision-making. Learn more at www.akua-inc.com .
About Momenta Ventures
Momenta Ventures is the investment arm of Momenta Partners, the leading Digital Industry Growth Partner firm. Led by deepindustrypractitioners with strong entrepreneurial and corporatepedigree, Momenta Ventures has made over 30 investments,with notable exits to SAP, PTC,and Husqvarna Group. Momenta Venturesoperatestwo Digital Industry funds, focused on seed and Series A investments in Digital Energy, Manufacturing, Smart Spaces,and Supply Chain.For more information, please visit https://momenta.vc.
Momenta Partners encompasses leading Strategic Advisory, Talent, and Venture practices. We’re the guiding hand behind leading industrials’ IoT strategies, over 200 IoT leadership placements, and 25+ young IoT disruptors. Schedule a free consultation to learn more about our Connected Industry practice.