About Weft
Weft is a Technology company based in Slough (United Kingdom) founded in 2013, and was acquired by Genscape in June 2016. Supply chain visibility is provided through integrated sensors and analytics. It operates in the Technology and Transportation, Automotive & Logistics sectors. Weft has raised $3 million across 3 funding rounds from investors including Genscape, Comet Labs and CLI Ventures. Its focus areas include Enterprise Applications, Big Data Analytics, Industry Solutions and Supply Chain.
Company details
Weft platform which integrates with Weft sensors as well as sensors from other provider and with ERP and CRM systems, users log in to get the current status and to set alerts for out-of-bounds conditions (location, temperature, moisture, shockvibration) and stages completed. Through predictive analytics, Weft takes the current location and planned route of all shipments on the platform and combines this information with historical data to identify likely bottlenecks and alert shippers to potential problems before they occur. Weft works by simply attaching a small piece of hardware to the valuable cargo in transit to receive real-time monitoring and analytics, allowing companies to check up on their shipments and see if theres a better way to get from point A to point B. Weft uses the simple GPS technology to find patters, problems and solve them. Participated at SAP TechEd in Las Vegas on October 21, 2013. Working with Vodafone, Telefonica, and Etisalat on different initiatives.
Funding Insights of Weft
Weft has successfully raised a total of $3M across 3 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $3M
- Total Rounds 3
- First Round $1M
(Mar 2014)
- Investors Count 4
All 3 funding rounds of Weft with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr 2016 | Series A | – | – | ||
| Jul 2015 | $2M | Series A | – | CLI Ventures, a16z | – |
| Mar 2014 | $1M | Seed | – | a16z |
5 investors in total: 5 institutional.
Investors in Weft
Weft has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Genscape, Comet Labs and CLI Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Startups are accelerated and funded by this venture capital firm. | cometlabs.io | San Francisco, United States | ||
VC Firm investing in geographies such as the US | cli.ventures | Palo Alto, United States | ||
Venture capital investments in technology sectors are handled by Andreessen Horowitz. | a16z.com | |||
Indoseven is recognized as a trusted online gaming platform. | dataeliteventures.com | |||
Data & Intelligence for global commodity and energy markets | 1999 | genscape.com | Louisville, United States |
Investor details for Weft
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Timeline of Weft
4 dated milestones of Weft across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Weft is founded.
- Funding First funding round of $1.0M.
- Funding Latest funding round, Series A,.
- Exit Acquired by Genscape.
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Frequently Asked Questions about Weft
Weft was founded in 2013 and raised its 1st funding round 1 year after it was founded.
Weft is headquartered in Slough, United Kingdom. It is registered at Slough, England, United Kingdom.
Weft is a funded company, having raised a total of $3M across 3 funding rounds to date. The company's 1st funding round was a Seed of $1M, raised on Mar 2014.
Weft platform which integrates with Weft sensors as well as sensors from other provider and with ERP and CRM systems, users log in to get the current status and to set alerts for out-of-bounds conditions (location, temperature, moisture, shockvibration) and stages completed. Through predictive analytics, Weft takes the current location and planned route of all shipments on the platform and combines this information with historical data to identify likely bottlenecks and alert shippers to potential problems before they occur. Weft works by simply attaching a small piece of hardware to the valuable cargo in transit to receive real-time monitoring and analytics, allowing companies to check up on their shipments and see if theres a better way to get from point A to point B. Weft uses the simple GPS technology to find patters, problems and solve them. Participated at SAP TechEd in Las Vegas on October 21, 2013. Working with Vodafone, Telefonica, and Etisalat on different initiatives.
Weft has 5 investors. Key investors include Genscape, Comet Labs, CLI Ventures, Andreessen Horowitz, and Indoseven.
Yes. Weft was acquired by Genscape in June 2016.