Thursday, October 17, 2024
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Apkudo: Raises $14M in Series B Funding

  • Apkudo, a Baltimore, MD-based provider of supply chain automation solutions for connected devices, raised $14M in Series B funding
  • The round was led by Harbert Growth Partners and MissionOG, with participation from existing investors Grotech Ventures and Lavrock Ventures
  • The company also intends to use the funds to accelerate the global expansion of its Hive Device Platform across emerging channels and verticals
  • Apkudo provides a universal system for managing connected devices across the entire supply chain by securely bridging internal systems
  • The Hive platform leverages artificial intelligence enhanced test software and high volume robotics for diagnostics and cosmetic grading
  • Customers include smartphone manufacturers such as Samsung and LG, leading mobile carriers including AT&T Mexico

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