Sensos Raises $20 Million in Series A

Sensos Raises $20 Million in Series A

Sensos, an Israel-based startup spun off from Sony Semiconductor Israel in 2022, raised $20 million in Series A funding.

The round was led by Magenta Venture Partners, with participation from JAL Ventures and Mitsui-backed investors.

Founded in 2018, Magenta Venture Partners is a venture capital firm based in Herzliya, Israel. The firm seeks to invest in the automotive, mobility, enterprise software, internet of Things, industry 4.0, artificial intelligence, financial technology, and digitalization sectors across Israel.

Founded in 2022 by Aviv Castro, Yair Ripshtos, and Tal Kanonich, Sensos offers a proactive supply chain management solution that combines environmentally friendly disposable cellular labels with an AI-based control tower. Sensos' labels monitor movement, dwell time, departure, arrival, and environmental conditions like temperature and pressure, meeting stringent regulations and product requirements. The company's Control Tower Platform analyzes millions of data points to deliver actionable supply chain insights. Sensos' technology has been adopted by leading firms like Bayer and DB Schenker.

Funding Details

Company: SensosLabz.io Ltd.

Raised: $20.0M

Round: Series A

Funding Month: February 2024

Lead Investors: Magenta Venture Partners

Additional Investors: JAL Ventures and Mitsui

Company Website: https://sensos.io/

Software Category: Logistics