LocatorX, a tracking technology solution provider, has raised $6.6 million over the past year to support continued development and expand its sales and marketing operations. The company aims to help retailers and customers access an item’s current location and audit trail to prevent theft, counterfeiting and product diversion.
“Tracking and anti-counterfeiting technology have never been more important than in our current global environment,” said Scott Fletcher, President and CEO of LocatorX in a statement. “The pandemic has created additional demand for location capabilities due to disruptions in the supply chain and a greater need for product authentication and tracking for healthcare equipment.”
The solution provider also has appointed former UPS CFO Kurt Kuehn to its Board of Directors. He was with the delivery company for 38 years, serving in roles include SVP of Sales and Marketing and VP of Investor Relations.