News on Medial

AltiusHub raises $2.25 Mn led by Endiya Partners

Entrackr · 2m

Manufacturing supply chain visibility software AltiusHub has raised $2.25 million in a seed round of funding led by Endiya Partners along with participation from other investors. The fresh fund will be used to bolster the engineering team and to hire sector specific senior talent, AltiusHub said in a press release. Co-founded in 2023 by Siddharth Reddy and Abiram Vijaykumar, AltiusHub is a supply chain visibility software that helps manufacturing entities secure their supply chains. With an initial focus on the pharma industry, the product helps in preventing counterfeit medicines from entering the supply chain. The company’s SaaS platform empowers pharma companies to track and trace products from production to final sale while adhering to global regulatory standards such as US DSCSA, EU FMD, UAE Tatmeen, and India’s iVeda, ensuring product integrity. The Hyderabad-based company says that its advanced tracking identifies patterns and anomalies that indicate counterfeit activities. The software provides real time visibility through instant notifications of any irregularities or deviations in the supply chain, allowing for swift intervention. According to market research, the global track and trace market is projected to reach $7.3 billion by 2026.