BusinessIndia

TVS Motor invests 3.85 mln dollars in TagBox as part of series A funding

Bengaluru, May 9 (IEBusiness) TVS Motor Company has invested US Dollar 3.85 Million in TagBox, a supply chain IIoT and Machine Learning platform company as part of its Series A funding round.

Rajesh Narasimhan, Board Member of TVS Motor Company and CEO of TVS Motor (Singapore) stated in a press release here on Thursday that “we evaluated many companies providing IoT solutions in the Supply Chain and logistics space and found TagBox’s product offerings and solutions to be an unique blend of IoT, Machine Learning and close-loop AI. Our current investment in Tagbox is part of the initial set of investments being made in strategically relevant digital startups.”

“Organizations across the globe are increasingly adopting IoT and Machine Learning solutions to improve their supply chains and operations. We are excited that TVS Motor’s worldwide operations and experiences will help make our product and value proposition stronger and highly differentiated”, said Adarsh Kumar, CEO of TagBox.

TagBox plans to use the funds to strengthen product innovation and R&D while expanding its global footprint. TagBox will continue to invest in their BoxLens and AssetLens platforms and develop new predictive analytics and automation solutions to solve various customer use cases.

Source
Via UNI-India
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