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Founded Year

2013

Stage

Convertible Note | Alive

Total Raised

$2.15M

About Weft

Weft provides predictive analytics. The company combines information with historical data to identify bottlenecks and alert shippers to potential problems before they occur. It was founded in 2013 and is based in Cambridge, Massachusetts.

Headquarters Location

32 Pearl Street

Cambridge, Massachusetts, 02139,

United States

800-231-8046

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Expert Collections containing Weft

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Weft is included in 1 Expert Collection, including Supply Chain & Logistics Tech.

S

Supply Chain & Logistics Tech

3,791 items

Companies offering technology-driven solutions that serve the supply chain & logistics space (e.g. shipping, inventory mgmt, last mile, trucking).

Weft Patents

Weft has filed 2 patents.

The 3 most popular patent topics include:

  • Educational psychology
  • Social networking services
  • Video game controllers
patents chart

Application Date

Grant Date

Title

Related Topics

Status

4/3/2020

9/6/2022

Educational psychology, Social networking services, Video game controllers, Virtual reality, Videotelephony

Grant

Application Date

4/3/2020

Grant Date

9/6/2022

Title

Related Topics

Educational psychology, Social networking services, Video game controllers, Virtual reality, Videotelephony

Status

Grant

Latest Weft News

VC-backed startup Weft moves from Burlington to Cambridge (slide show)

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

Weft Frequently Asked Questions (FAQ)

  • When was Weft founded?

    Weft was founded in 2013.

  • Where is Weft's headquarters?

    Weft's headquarters is located at 32 Pearl Street, Cambridge.

  • What is Weft's latest funding round?

    Weft's latest funding round is Convertible Note.

  • How much did Weft raise?

    Weft raised a total of $2.15M.

  • Who are the investors of Weft?

    Investors of Weft include Plug and Play Ventures, Andreessen Horowitz, Kima Ventures, Bridge Boys, Data Elite and 3 more.

CB Insights
Looking for a leg up on competitive, customer and technology insights?
CB Insights puts confidence and clarity into your most strategic decisions.
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Trusted by the world's smartest companies to:
  • Predict emerging trends
  • See competitors' playbooks
  • Stalk the smart money
  • Identify tomorrow's challengers
  • Spot growing industries
  • Kill analyst data work
Let's see how we can help you!
MicrosoftWalmartWells Fargo

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