Jul 9, 2014

Email  |  Twitter  |  Google+ Weft, a startup that uses hardware and software to track the shipping of goods worldwide, moved its headquarters from a temporary space in Burlington to a permanent space in Cambridge's Central Square last week. The 1,200-square-foot Cambridge location at 32 Pearl St. is home to four Weft employees and the startup plans to hire several more by the end of the year, said founder and CEO Marc Held . "Cambridge is absolutely buzzing," Held said in an interview. "You walk outside and it's like nothing you've witnessed; you've got all these smart, talented people doing great things, and it feels good to be a part of that energy. " In March, Weft raised funding from Silicon Valley-based venture capital firm Andreessen Horowitz. The startup's seed round was under $1 million, and was led by Andreessen Horowitz and early-stage venture fund Data Elite. The company makes hardware sensors and software that aims to reduce costs and improve delivery times for the shipping of goods worldwide. Its goal is to use technology to figure out where the bottlenecks are in shipping, how shipments can get to their end-points faster, and whether the shipments will be late. Held said Weft aims to reduce "cargo shrinkage," which is when items get lost, stolen or spoiled during the process of shipping cargo. Weft's paid customers include a risk management software company in Texas and a Middle Eastern logistics company, Held said in a previous interview . The company is also tracking shipments of vaccines throughout Africa in a pilot program. Held said Weft is not currently profitable but the startup is aiming for profitability by the end of the year after closing a major deal that's currently in the works. Page 1