Packwise
Assembly Line
Packwise secures funds to scale its industrial tech to North America
Dresden-founded IoT startup Packwise has raised an undisclosed seven-figure amount to drive upcoming internationalisation to North America. This current round of funding comes from TGFS Technologiegründerfonds Sachsen, together with Hüttenes³ GmbH. Founded in 2017, the company offers an innovative industrial IoT solution that enables customers in the chemical, pharmaceutical and food industries to gain transparency along the supply chain. Customers include BASF, Merck and Solvay.
The Packwise Smart Cap plug-and-play device creates new insights and records sensor data on the location, level, temperature and movement of mobile liquid containers with high precision in real-time. The accompanying platform visualises and analyses processes for various applications in the supply chain. By creating a digital twin of their industrial packaging, customers of the company gain insight into their entire supply chain and can use the Packwise software platform to map a variety of supply chain processes.