LocatorX provides accurate, inexpensive and flexible tracking technology that enables brands and consumers to access an item’s current location and audit trail from its origin. Its technology is used to protect against theft, counterfeiting, and product diversion while increasing consumer engagement with manufacturers. The company said tracking and anti-counterfeiting capabilities have grown in importance amid pandemic-driven supply chain disruptions and greater need for product authentication, particularly for healthcare equipment. Initially founded with technology discovered at the University of Oxford, LocatorX has patented techniques such as a solid-state miniature atomic clock and employs cryptographic technologies and portable tracking options. LocatorX announced it raised $6.6M over the past year to support continued product development and expansion of sales and marketing operations. The company also named former UPS CFO Kurt Kuehn to its board of directors to bring supply chain expertise to its leadership.

Total raised

$7M

Funding rounds

1

Latest round

Equity

Latest activity

Apr 2020