AltiusHub, a manufacturing supply chain visibility software company, secured USD 2.25 million in seed funding led by Endiya Partners, with participation from other investors, according to media reports. The new funding will be used to strengthen the engineering team and recruit senior talent with industry expertise.
Co-founded in 2023 by Siddharth Reddy and Abiram Vijaykumar, AltiusHub focuses on helping manufacturing companies secure their supply chains, initially targeting the pharmaceutical sector to prevent counterfeit medications from infiltrating the supply chain.
The company’s SaaS platform enables pharma companies to track and trace products from production to final sale while adhering to global regulatory standards such as the United States' Drug Supply Chain Security Act (US-DSCSA), the European Union's Falsified Medicines Directive (EU-FMD), the United Arab Emirates' Tatmeen, and India’s iVeda, ensuring product integrity.
The Hyderabad-based company claims its advanced tracking system identifies patterns and anomalies that suggest counterfeit activities. The software offers real-time visibility by sending instant notifications about any irregularities or deviations in the supply chain, enabling quick intervention.