Company Research Report: SmartSense by Digi®

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Company Overview

Name

SmartSense by Digi®

Mission

SmartSense aims to empower businesses with IoT automation, prescriptive workflows, and data-driven strategies to enhance productivity, reduce waste, ensure compliance, and drive overall growth.

Founders

No information is available.

Key People

• Guy Yehiav, President of SmartSense by Digi®

• Edward Marx, Healthcare Advisory Board Member

• Joel Vengco, Healthcare Advisory Board Member

• Josh Jewett, Food Service Advisory Board Member

Headquarters

Multiple Locations:

• SmartSense HQ: 186 Lincoln Street, 9th Floor, Boston, MA 02111

• Digi Global HQ: 9350 Excelsior Blvd, Suite 700, Hopkins, MN 55343

• SmartSense Office: 4101 Edison Lakes Parkway, 2nd Floor, Mishawaka, IN 46545

Number of Employees

No information is available.

Revenue of the Company

Record quarterly revenues:

• $109M for Q1 Fiscal Year 2024

• $108M for Q2 Fiscal Year 2024

• $106M for Q3 Fiscal Year 2024

Recognition

SmartSense is known for its IoT-based prescriptive analytics solutions, dedicated to enhancing operational efficiency and compliance across industries like healthcare, pharmaceutical, food service, and retail.

Products

Overview

SmartSense offers a suite of IoT-based solutions aimed at monitoring, compliance, and data analytics.

Key Products and Features

1. Pharmacy Monitoring:

• Description: Ensures medication efficacy and compliance with CDC and VFC guidelines.

• Key Features:

• NIST calibrated wireless temperature sensors

• Automated temperature alerts via email, text, or phone call

• Compliance reporting dashboards

2. VFC Monitoring:

• Description: Wireless monitoring for CDC Vaccines for Children Program.

• Key Features:

• NIST calibrated sensors

• Real-time temp alerts

• Compliance logs and audit trails

3. Food Safety Monitoring:

• Description: Enables complete visibility and HACCP compliance in food service operations.

• Key Features:

• Wireless sensors for real-time temperature monitoring

• Digital checklists and HACCP logs

• Cloud dashboards for analytics and reports

4. Asset Monitoring:

• Description: Critical temperature controls for food inventory in refrigeration units.

• Key Features:

• Environmental sensors for temperature and humidity monitoring

• Cloud-based analytics dashboard

• Predictive maintenance alerts

5. Supply Chain Monitoring:

• Description: Monitors and ensures compliance throughout critical supply chains.

• Key Features:

• Wireless sensors and cellular gateways

• Centralized reporting and actionable insights

• Proactive temperature alerts

6. Advanced Analytics:

• Description: Provides operational insights into equipment, sites, and team performance.

• Key Features:

• Predictive models for equipment failure

• Historical data benchmarking

• Simulated product temperature analytics

Recent Developments

New Products

1. SmartSense LTE-M SmartTag:

• Won the Pharmacy Operations Equipment and Services Category at the 2024 NACDS Total Store Expo.

New Partnerships

1. Coborn’s Multi-Year Deal:

• Coborn’s selects SmartSense Monitoring and Task Management solutions for improved efficiency in grocery and pharmacy sectors.

2. Giant Eagle Deployment:

• Giant Eagle incorporated 32,000 new SmartSense digital temperature monitoring devices to boost food safety compliance.

Other Notable Developments

1. Schwan's Home Delivery Monitoring:

• SmartSense systems to monitor and protect over 23 million monthly data points from 3,000 delivery trucks and 300 depot locations.

2. COVID-19 Vaccine Monitoring:

• Solutions for continuous temperature monitoring during the vaccine rollout, ensuring compliance from development to distribution.

3. Live23 User Conference:

• Hosted a successful second annual event focusing on customer value in food service, pharmaceutical, and healthcare industries.

Conclusion

This detailed analysis of SmartSense highlights its strategic initiatives in IoT-based monitoring and analytics across multiple industries, positioning it as a leader in operational efficiency and compliance. The company’s focus on innovation and customer-centric solutions ensures its continued growth and impact in the critical environment monitoring space.