Details

Last Funding Type

Angel

Last Funding Money Raised

$100K

Industries

AgTech,Artificial Intelligence,Blockchain,Cloud Computing,Food and Beverage,Internet of Things,Logistics,Predictive Analytics,Sensor,Supply Chain Management

Founded date

Jan 1, 2018

Number Of Employee

11 - 50

Operating Status

Active

Legal Name

Transparent Path spc

Also Known As

Transparent Path

SEED-STAGE • LOGISTICS TECH • FOR-PROFIT • SOCIAL PURPOSE CORPORATION. For the producers and purchasers of perishable goods, Transparent Path creates the real-time, end-to-end supply chain visibility that reduces waste, cost and risk.

WHO WE ARE: Former senior executives from the food, tech and social impact sectors, from companies like Amazon, IBM, Xerox, Microsoft, Target and General Mills. We came together in 2020 to use the skills honed over long careers to create meaningful positive impact. Our social mission: to make a significant dent in the epic levels of food waste and hunger in the world.

Founded as an LLC in 2018. Restructured and started over in 2020.

PROBLEM: Supply chain disruptions continue to plague the producers and buyers of perishable goods, worldwide. The COVID-19 pandemic showed us that our supply chain data systems, sill largely powered by paper, faxes and siloed systems, were incapable of handling the enormous systemic strains caused by pandemic-related labor and equipment shortages, disruptions, and growing, complex regulation. Shippers and receivers can't manage what they can't see. So we decided to combine a number of advanced technologies and new approaches for today's challenges.

SOLUTION: Customers affix our continuously-connected cellular sensors to pallets entering the supply chain. These sensors constantly capture and report the location, temperature, humidity and other factors for these shipments into our visibility cloud. This platform was built with collaboration in mind. Supply chain partners are grouped in Consortiums — dynamic partnerships based around common trade relationships. Product custodies are tracked, easing data sharing and showing who's "got the ball."

When location or conditions jeopardize our customers' products, we send out real-time alerts to the appropriate parties who can intervene and save the shipment, along with its freshness, safety, and financial value. Finally, our proprietary algorithms unlock the value within the rich data we capture, letting us predict product freshness and transparency.

BENEFITS: At a time when runaway inflation and supply chain delays are hurting bottom lines, our customers reduce their supply chain losses, retailer rejections, insurance premiums, wasted time, and labor costs spent on reconciliations. Our customers, their customers and their supply chain partners all know exactly what's happening to products in transit — reducing disputes and improving trust. And fresh, safe and full-margin product is provided to the customer.

CUSTOMER PROFILE: Transparent Path supports the seafood, meat and tree fruit sectors. In November 2022, it added monitoring and insights for bio-medical products and construction chemicals.

PARTNERSHIPS: Transparent Path has created partnerships with Intel, T-Mobile, Buildly, Tive, Thiqa (Oman), General Assembly, Duke University, and the University of Washington. Intel has donated hardware, software, and ongoing counsel since 2020. Over its short tenure, Transparent Path has been accepted into numerous accelerators, including 5G Open Innovation Lab, Microsoft for Startups, NewChip, and most recently, Plug and Play IoT.

FUNDRAISING: To date, Transparent Path has been funded via bootstrapping, two RegCF raises, and four angel investors. The company is building traction toward a Series A that will fund sales scaling and feature expansion.

Headquartered in the US, Transparent Path was founded by Eric Weaver, a 30-year enterprise transformation specialist. Prior to founding the company, Weaver launched the Xerox Customer Experience Practice, where he managed a $550M services book of business. Please visit xparent.io to learn more.