Cold chain startup figorr raises $1.5m, backs the roll out of data driven perishable insurance
Figorr, a new cold chain startup, has raised $1.5 million in funding to support the roll-out of data-driven perishable insurance. The funding round was led by a group of angel investors including industry experts and experienced professionals.
They are also dedicated to developing innovative technology solutions for cold chain logistics. They aim to use advanced data analytics and IoT sensors to track, monitor and manage temperature-sensitive products across the entire supply chain, from production to delivery.
Meanwhile this innovative approach is unique because it offers a new level of transparency and security to the entire cold chain logistics process. With their data-driven perishable insurance product, they offer a safety net for perishable goods, ensuring greater peace of mind for both suppliers and customers.
The concept behind this perishable insurance revolves around the idea that data analytics can help predict the likelihood of product spoilage. This means that they can offer real-time coverage, driven by accurate sensor data, which provides assurance to customers that their goods will be delivered safely and in the best possible condition.
The rollout of Figorr’s data-driven perishable insurance has been welcomed by many in the industry. It promises to eliminate many of the uncertainties and risks involved in cold chain logistics. This is an exciting development for the industry and is expected to have a significant impact on the way cold chain logistics is managed.
In addition to the funding, they’re partnering with several major stakeholders in the industry, including leading logistics players and tech providers. Their innovative approach to cold chain logistics is expected to be a game-changer for the industry.
Overall, this is exciting because it aims at solving the challenges of cold chain logistics. Their data-driven perishable insurance product is set to enhance transparency, security and minimize risks throughout the entire supply chain.
