AltiusHub, a software platform that enables manufacturers to monitor their supply chains, has secured $2.25 million in a seed round of funding. The round was headed by Endiya Partners, with additional investors contributing.
The new funding will be allocated to the engineering team and to the recruitment of senior personnel with sector-specific expertise.
A supply chain visibility software, AltiusHub, assists manufacturing entities in safeguarding their supply chains. The product is designed to prevent the introduction of counterfeit medications into the supply chain, with an initial emphasis on the pharmaceutical industry.
The SaaS platform of the company enables pharmaceutical companies to monitor and trace products from production to ultimate sale, while simultaneously adhering to global regulatory standards such as the US DSCSA, EU FMD, UAE Tatmeen, and India’s iVeda. This ensures the integrity of the product.
The Hyderabad-based organization asserts that its sophisticated monitoring system detects patterns and anomalies that suggest counterfeit activities. Through immediate notifications of any irregularities or deviations in the supply chain, the software enables expeditious intervention, thereby providing real-time visibility.
About AltiusHub
Founded in 2023 by Siddharth Reddy and Abiram Vijaykumar, AltiusHub is a provider of cloud-based serialization track and trace, and warehouse management software solutions.
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