Company Overview
Tego, Inc. is a leading provider in asset tracking and IoT data management solutions at the edge, utilizing advanced RFID technology. Their headquarters is located at 204 Second Avenue, Suite 110, Waltham, MA 02451, USA. Their platform facilitates enhanced asset visibility and supply chain intelligence, tailored for challenging environments. [More Information](https://tegoinc.com/).
Key Solutions and Innovations
Tego's platform distinguishes itself through high-capacity storage and no-power technology, delivering significant efficiencies:
- Labor and Time Savings: Realized an 80% reduction for predictive maintenance.
- Resource Allocation Reduction: Achieved a 90% decrease in supply chain resource usage.
- Replacement Cost Savings: Lowered costs by 35% due to enhanced visibility.
Notable solutions from Tego include:
- Edge-to-Enterprise Visibility: Allows for agile response to market changes.
- Rugged Data Solutions: Offers 30+ year data durability in extreme environments.
- Sterile Supply Chain Management: Ensures digital traceability in compliance-focused settings.
These solutions serve crucial industries like Aerospace, Life Sciences and Healthcare, and Energy, Oil, and Gas, with specialized functionalities such as Flyable Parts Tracking and Aseptic Manufacturing process management.
Leadership
Timothy Butler, Founder and CEO, leads Tego with a focus on asset intelligence and edge technology. His leadership promotes innovation within industrial applications. LaVerne Cerfolio, VP of Marketing, spearheads strategic communications and enhances market visibility, aligning with Tego's Industry 4.0 initiatives.
Strategic Partnerships and Developments
Tego has forged pivotal alliances to bolster its market proposition:
- Partnered with Collins Aerospace as the sole edge asset management provider for avionics.
- Collaboration with RF Controls to expedite smart factory and Industry 4.0 implementation.
The company has experienced consistent revenue growth, reflecting a robust market footprint.
Financial Overview
Tego has secured $30 million in funding across seven rounds since 2007, indicating financial stability and expansion capability. Esteemed investors include Bainco International Investors and Maine Angels. Comprehensive financial data can be accessed via [Crunchbase](https://www.crunchbase.com/organization/tego/company_financials) and [PitchBook](https://pitchbook.com/profiles/company/61569-28).
Competitor Landscape
Operating in the Industrial Internet of Things (IIoT) and supply chain management sectors, Tego faces competition from various firms utilizing similar technologies.
Key Competitors
1. TrackAbout: Provides a SaaS solution for asset tracking in industries like packaged gas and chemicals, emphasizing increased asset utilization.
2. AB&R (American Barcode and RFID): Specializes in asset identification, tracking, and management through barcode and RFID technologies, enhancing supply chain efficiency.
3. Champion Healthcare Technologies: Offers implant tracking systems to over 500 healthcare institutions, marking a strong presence in healthcare technology.
Other Competitors
Additional competitors include Kocho, Crepak Technology, Xerafy, eAgile, Trace ID, Technosport, Silvertraq, HXI, API Microwave, Xcerra, and Kumu Networks.
Industry participants utilize advanced asset management technologies to boost efficiency, real-time data processing, and productivity, continually advancing through industry collaboration and innovation.
