CubeWorks Inc.

CubeWorks Inc. develops advanced supply chain solutions that enhance visibility and monitoring for temperature-sensitive products, focusing on real-time tracking, compliance, and waste reduction in logistics. Founded in 2013, CubeWorks Inc. is based in Ann Arbor, US, and specializes in providing innovative supply chain solutions.

The firm has engaged in 2 deals, with its most recent funding round of USD 0. 5 mn occurring on August 6, 2018. The company was founded by Bran Jegan and is currently led by CEO Chong Park and Gyouho Kim. CubeWorks specializes in advanced supply chain solutions focused on real-time temperature and location tracking for temperature-sensitive products.

Their flagship products, NanoTag and CubiSens™ XT1 Max, are designed to address significant issues in the supply chain, such as fragmented temperature monitoring and incomplete shipment tracking at the 'first mile' and 'last mile. ' NanoTag, a smart label that can be easily attached to various packaging types—ranging from individual items to large pallets—provides real-time visibility into the location and temperature history of perishables, thereby enhancing compliance and minimizing waste. The CubiSens™ XT1 Max is a small, wireless sensor for item-level tracking, suitable for monitoring products like food and biologics throughout their lifecycle. CubeWorks caters to industries requiring stringent temperature control and compliance, including food distribution and biopharmaceuticals, with a client base that spans multiple geographical markets, including North America, Europe, and parts of Asia.

CubeWorks generates revenue through the sale of its innovative products, primarily the NanoTag and CubiSens™ XT1 Max, which are marketed through direct B2B transactions. The company engages with stakeholders in the food and biopharmaceutical sectors, establishing partnerships that facilitate the adoption of their tracking technologies. Transactions typically involve customers purchasing the devices either outright or through subscription models that include software and analytics services via their XTcloud™ platform. These subscriptions allow users to manage and analyze the data generated by the devices, enhancing their operational efficiency and regulatory compliance.

CubeWorks employs a pricing strategy that reflects the advanced technology and comprehensive service offerings associated with their flagship products, reinforcing the value of their solutions in reducing waste and ensuring product integrity throughout the supply chain. CubeWorks plans to expand its product offerings with upcoming releases of enhanced tracking devices designed to improve user experience and data accuracy. The company is targeting market expansion into Europe and Asia by 2025, aiming to leverage existing partnerships and develop new ones in these regions. The recent funding of USD 0.

5 mn raised in August 2018 will be utilized to support product development and market entry initiatives, ensuring the company can enhance its technological capabilities and reach a broader customer base.