AltiusHub, a Hyderabad-based startup specializing in manufacturing supply chain visibility software, has successfully raised $2.25 million in its seed funding round. The investment was led by Endiya Partners, with additional participation from other investors.
Founded in 2023 by Siddharth Reddy and Abiram Vijaykumar, AltiusHub offers a cutting-edge SaaS platform designed to enhance supply chain security for manufacturing industries. Initially targeting the pharmaceutical sector, the platform aims to prevent counterfeit medicines from infiltrating the supply chain.
AltiusHub’s software enables pharmaceutical companies to meticulously track and trace their products from production to final sale, ensuring compliance with global regulatory standards, including the US DSCSA, EU FMD, UAE Tatmeen, and India’s iVeda. This meticulous tracking helps maintain product integrity and combat counterfeit activities.
The newly acquired funds will be used to strengthen AltiusHub’s engineering team and recruit senior talent with expertise in the sector. The company’s advanced tracking technology is designed to detect patterns and anomalies that may signal counterfeit activities, providing real-time visibility and instant notifications of any irregularities. This enables swift intervention and helps safeguard the integrity of the supply chain.
With the global track and trace market projected to reach $7.3 billion by 2026, AltiusHub is well-positioned to capitalize on this growing demand and continue its mission to revolutionize supply chain security.
