The logistics technology accelerator program Dynamo’s latest installment includes visibility providers, warehouse drone developers, and a digital freight brokerage.
Logistics startup accelerator Dynamo this week unveiled a new batch of companies that will participate in the second program offered by the Chattanooga, Tenn.-based organization.
The list of startups, called a “cohort,” includes Armada, a maker of low-cost pallet-based sensors designed to improve supply chain visibility through a platform that tracks goods across all modes. The Boston-based company’s founders include Konstantin Klitenik, John Sweeney, and Marc Held, who previously founded Weft, another visibility start-up sold to Genscape in 2016 for an disclosed amount.
It also includes Chicago-based Corvus Robotics, a software company that uses indoor aerial drones to help warehouses scan inventory. According to Dynamo, Corvus is developing tools that allow drones to fly autonomously without human piloting, and sync the SKU data with the facility’s warehouse management system (WMS).
A third participant in the second installment of the program is Numadic, based in Goa, India, which has developed a supply chain monitoring hardware and software platform for manufacturers, 3PLs, fleet operators, and their partners. Numadic says it processes half a million data points a day, delivering alerts, benchmarking analytics and insights designed to improve asset utilization and reduce turnaround time.
Also participating is Berlin-based Sennder, a digital freight brokerage aiming to simplify the process for booking full truckload freight. The platform offers guaranteed capacity and transparency through immediate pricing, live tracking, customized reporting, and automated alerts via application programming interface (API) integration.
Lastly, Dynamo said it has an undisclosed warehouse and distribution robotics company participating in the cohort.
The program, held every nine months, takes 12 weeks, with the second installment ending July 20. The accelerator works in conjunction with Dynamo’s seed fund, an $18 million “early stage fund that invests in and partners with tenacious and visionary founders operating in the logistics, supply chain, and transportation industries,” according to the accelerator.
Santosh Sankar, director at Dynamo said in a blog post about the new cohort that the organization will seek to more closely tether its participants with the fund.
“We continue to evolve as an organization and #Dynamo02 reflects it,” he wrote. “We believe our focus and hands-on approach is one of our value-adds. As such, we’re leaning into being seed investors and upholding our commitment to transforming our industry by focusing on our founders and our corporate partners. We’ve opted to not hold a quota for our programs and hone in on companies we can truly help because that ultimately makes for good seed investments.”
Sankar added that several of the program participants “are already well on their way to generate ($1 million or more) in annual revenue and/or have raised their initial round of capital.”
American Shipper profiled Dynamo and some of the startups in its first cohort in the October magazine feature “Foot on the accelerator.”
Incubator Dynamo unveils second batch of startups
