Big Data Company Nexxiot Announces $25M Funding

Aitechpark09 Jun, 2021Technology

Swiss-based big data company Nexxiot, a pioneer in global supply chain digitization, announced it will receive a new $25M funding round led by U.S. investment firm QVIDTVM, signaling the company?s continued expansion and accelerating its global growth agenda. An innovator in the IoT space, Nexxiot specializes in digitizing non-powered cargo transport assets, increasing their trackability, control, safety and security. The company?s solutions are now deployed in more than 160 countries, making Nexxiot one of the most significant global Clouds in the logistics industry. Nexxiot?s vision is to facilitate a five percent reduction in global supply chain CO2 emissions by increasing cargo transport efficiency and eliminating waste caused by empty runs and inefficient routes.