Xemelgo, a Seattle-based startup that sells RFID tracking sensors for inventory management, has recently raised a fresh amount of fresh cash from Zebra Ventures, the corporate venture capital arm of a publicly traded logistics giant. While the exact funding figures were not disclosed, a recent SEC filing in June revealed that Xemelgo raised $1.5 million, highlighting its financial growth. The company prides itself on being the go-to solution for businesses with the highest-trackholding and management over inventory requirements.
Curated in 2018 by former Hitachi executives Rich Rogers and Akhila Tadinada, Xemelgo is a dynamic company with a standout focus on integrating RFID tracking sensors into various industries. Whether in auto manufacturing, clothing retail stores, boat production facilities, or other sectors, Xemelgo has established itself as a trusted partner for tracking inventory. The company has achieved record revenue for the month of June and is on track to record revenue in the second quarter of this year, reflecting its growing momentum.
A team of co-founders has raised $8.2 million so far, with 28 employees to their name. This represents both a exceedingly high amount of capital and a solid sales force dedicated to delivering results. The team, which includes former Hitachi executives and a knowledgeable executive team, has earned praise from customers, with utmost confidence saying that this initiative will be a top choice for their fleets. Their success in this relatively low-growth industry suggests a strong understanding of market demand and efficient tracking solutions.
Xemelgo’s use of RFID tracking sensors has positioned it as a pivotal player in enhancing transportation efficiency by providing real-time monitoring of vehicle inventory levels. The company’s ability to leverage RFID tracking across diverse industries highlights its versatility and adaptability in a rapidly evolving market. With its trajectory already on a trajectory, Xemelgo is poised to continue its rapid growth as it hones in on its competitive edge in the industry.
As Xemelgo navigates this journey, its success can be seen as a testament to the innovative potential of RFID tracking solutions and the enduring relevance of team leadership in driving transformative business growth.
