#Canada #Montreal #Supply Chains #IoT Technology #INLAN

INLAN's Recent Funding Boost: A Game Changer for IoT in Supply Chains

In a significant development for supply chain technology, INLAN, based in Montreal, has announced a successful fundraising round of US$5 million. This Series A funding, spearheaded by strategic investor Saas Fee Limited, sees robust participation from California’s Shea Ventures and local investor TandemLaunch, among others. This financial support is set to accelerate INLAN’s journey toward revolutionizing the market with its breakthrough battery-less IoT tags, designed to transform data collection and operational efficiency across various industries.

The Vision Behind INLAN

INLAN operates at the cutting edge of technology by offering next-gen battery-less IoT tags. This innovation aims to not only provide continuous tracking of items throughout the supply chain but also to facilitate real-time, AI-ready data analytics. The company’s co-founder, Ali Shajii, emphasizes the importance of having granular, real-time data in supply chain management to truly leverage AI’s transformative potential. He points out that existing technologies often fail to deliver the necessary data at scale due to their cost or limitations.

“Our commitment is to redefine how data is captured and utilized in supply chains,” states Shajii. The goal is to ensure businesses can access reliable, multidimensional data that informs where products are, their condition, and any specific needs.

Bridging the Gap with Innovation

At the heart of INLAN’s offering is the novel battery-less tag that marries the cost-effectiveness of RFID technology with the capabilities seen in active IoT devices. Co-Founder and CPO, Mohammad Hajikhani, clarifies that their developments over the last two years are crucial for scaling this technology to meet the demands of real-world supply chain environments. The funding marks a crucial step in this journey, driving INLAN to expand into vast markets that were previously limited by technological constraints.

The company’s vision is clear: it seeks to make every item in the supply chain able to report its status continuously and effortlessly. By removing traditional barriers posed by cost and complexity, INLAN is set to offer businesses unprecedented visibility and intelligence, ensuring they can respond swiftly to any challenges encountered in operations.

Industry Impact

The implications of INLAN's technology extend beyond mere inventory tracking. With its technology, which integrates seamlessly with AI systems, businesses can expect enhanced automation and operational response capabilities. According to industry experts, achieving real-time intelligence at a scalable level could lead to more significant cost efficiencies and productivity improvements. Emilie Boutros, Managing Partner at TandemLaunch, is optimistic about INLAN’s future, highlighting the strong confidence from experienced investors in the company’s potential impact on industrial IoT.

Looking Ahead

The successful fundraising effort not only signifies investor confidence but also paves the way for INLAN’s scalable solutions to penetrate deeper into global supply chains. By addressing the need for affordable and effective sensing technologies, INLAN stands poised to significantly influence how industries operate.

With advisors from Pantek Securities LLC and Fasken Martineau DuMoulin LLP guiding them through this milestone transaction, INLAN is ready to spearhead the new wave of privacy-conscious, efficient data collection. As they continue to innovate, the world will be watching closely to see how this Montreal-based tech company reshapes the landscape of supply chain management.

For more on INLAN, visit their website and stay tuned for upcoming developments that promise to change the future of industrial operations.