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weft.io

Founded Year

2013

Stage

Convertible Note | Alive

Total Raised

$2.15M

About Weft

Weft uses hardware and software to track the shipping of goods worldwide. Through predictive analytics, Weft takes the current location and planned route of all shipments on the platform and combines this information with historical data to identify likely bottlenecks and alert shippers to potential problems before they occur. Shippers can then adjust routes and schedules to increase the likelihood of on-time delivery.

Weft Headquarter 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

3,166 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 1 patent.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

8/10/2015

Wireless locating, Logistics, Ulmus, Supply chain management, Tracking

Application

Application Date

8/10/2015

Grant Date

Title

Related Topics

Wireless locating, Logistics, Ulmus, Supply chain management, Tracking

Status

Application

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 Web Traffic

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Page Views per User (PVPU)
Page Views per Million (PVPM)
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Weft Rank

  • 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.

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