# Savi Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/savi-technology

- Industry: Software
- Headquarters: Alexandria, US
- Website: www.savi.com
- Total disclosed funding: $32M
- Latest round: Series C (May 7, 2001)
- Investors on record: 12

## About

Savi Technology is a provider of advanced supply chain visibility solutions that utilize IoT sensors and active RFID technology for real-time tracking of goods across various transport modes, enhancing operational efficiency for clients in multiple sectors.Founded in 1989 and headquartered in Alexandria, US, Savi Technology specializes in supply chain visibility solutions. The company was acquired by SGS in November 2015, although the financial details of the deal remain undisclosed. Rich Carlson and Rosemary Johnston are the current CEOs, continuing the legacy of the company's innovations. Savi has completed a total of 8 deals, with its most recent funding round being a USD 2.00 mn investment led by GlobeSecNine, marking the total amount raised by the company at USD 2.00 mn.Savi Technology specializes in providing advanced supply chain visibility solutions through its core products, which include Internet of Things (IoT) sensors and active RFID (aRFID) tags. These technologies enable real-time tracking of goods across various transport modalities, including ocean freight, ensuring that clients can monitor the location, condition, and estimated time of arrival (ETA) of their cargo. By leveraging machine intelligence and continuous data streaming, Savi empowers organizations, particularly in the government, military, and commercial sectors, to enhance security, identify blind spots, and make informed decisions based on accurate and impartial performance data. The company’s client base includes the U.S. military, its allies, and over a thousand global commercial enterprises, serving diverse geographical markets such as North America, Europe, and Asia-Pacific.Savi Technology's revenue primarily derives from a B2B transaction structure, focusing on subscriptions and partnerships with entities in government and military sectors, as well as commercial businesses. The company offers solutions that typically involve installment fees for hardware, ongoing charges for data services, and software maintenance, facilitating a sustainable revenue model. Clients engage in transactions that may include contracts for multi-year service agreements, providing continuous support and updates for the technology deployed. Savi’s flagship products, such as their IoT sensors and aRFID systems, are integral to these agreements, allowing for scalability and adaptability to meet evolving customer needs.With the recent investment of USD 2.00 mn obtained in November 2015, Savi Technology plans to enhance its product offerings and expand into new markets. The company is focused on developing new IoT solutions aimed at improving supply chain efficiencies for its government and commercial clients. Additionally, Savi aims to penetrate the Asia-Pacific market by 2025, leveraging its advanced technologies to address specific regional supply chain challenges. The recent funding will support these initiatives, allowing for innovative product development and market entry strategies.

## Funding rounds

- Series C, May 7, 2001, $20M — Accel, Mohr Davidow Ventures, Temasek Holdings, Vector Capital, K1 Ventures, United Parcel Service, UPS Strategic Enterprise Fund, Venture TDF, IDA
- Series B, May 23, 2000, $12M — Temasek Holdings, Dorset Capital, UPS Strategic Enterprise Fund, Net Market Partners, Oracle Venture Fund

## Investors

- Temasek Holdings — Series B, Series C
- Dorset Capital (https://capitalatlas.ai/funds/dorset-capital) — Series B
- UPS Strategic Enterprise Fund (https://capitalatlas.ai/funds/ups-strategic-enterprise-fund) — Series B, Series C
- Net Market Partners — Series B
- Oracle Venture Fund (https://capitalatlas.ai/funds/oracle-venture-fund) — Series B
- Accel (https://capitalatlas.ai/funds/accel) — Series C
- Mohr Davidow Ventures (https://capitalatlas.ai/funds/mohr-davidow-ventures) — Series C
- Vector Capital (https://capitalatlas.ai/funds/vector-capital) — Series C
- K1 Ventures (https://capitalatlas.ai/funds/k1-ventures) — Series C
- United Parcel Service — Series C
- Venture TDF — Series C
- IDA — Series C