modum
Company

Last deal

$13.2M

Amount

Initial Coin Offering

Stage

02.09.2017

Date

5

all rounds

$13.3M

Total amount

General

About Company
Modum uses blockchain technology to ensure drug safety.

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Also Known As

Modum

founded date

01.01.2016

Number of employees

Company Type

For Profit

Last funding type

Initial Coin Offering

IPO status

Private

Description

The Zurich-based startup provides a digital supply chain monitoring and optimization solution that combines IoT sensors with blockchain technology to record environmental conditions during shipments, enabling logistics services providers and suppliers to maintain safe, secure, and quick delivery of products and verify compliance with regulations. Modum's platform offers data integrity for supply chain operations and is designed to be user-friendly and easy to integrate with existing workflows and enterprise management systems, such as SAP. The company's first solution is aimed at helping pharma distributors fulfill regulatory obligations under GDP in an efficient and cost-effective way, with features such as instant notifications of temperature excursions and other events, and seamless integration with track-and-trace systems across supply chains. Modum is currently collaborating with Swiss Post and SAP to bring their solution to market.
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