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Shoof Technologies Announces $4.3 Million

Shoof Technologies Announces $4.3 Million
Credit: shooftech.com

Shoof Technologies Incorporated, a company that provides advanced wireless technology for industrial IoT, announced that it has raised $4.3 million in seed capital led by Kleiner Perkins and Modiva Japan.

Shoof’s technology for asset monitoring and tracking plans to overcome the unreliability of current wireless technology for logistics and supply chain management, particularly indoors. It offers a cloud platform and equipment – including base stations and tags – to track assets in motion anywhere in real time.  Shoof’s technology is applicable to a wide range of industrial markets, and the company’s initial focus will be on the manufacturing and transportation sectors.

According to Shoof, it will begin product trials with large manufacturing and logistics customers in early 2018.