Disposable cellular trackers plus shipment-visibility software that tell shippers where goods are and whether they got hot, wet, dropped or opened, now at a $100M annual run rate.
$67M recognized revenue in 2025 · 1,300+ customers · ~9–10 customers at $1M+/yr · 60% of new ARR from expansion
“It’s product market price fit.” The tracker only became a scalable business after Tive redesigned the hardware around what buyers would actually purchase in volume.
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Tive sells cellular shipment trackers and the software that reads them. A shipper presses a button on a tracker, sticks it on the last pallet and closes the trailer; it then reports location plus temperature, humidity, light (did someone open the door?), shock and tilt over 2G to 5G networks, so the customer can act when berries sit above 40°F or a load of metal is stolen. Founder-CEO Krenar Komoni, a former RF chip designer, started in 2015 by building a GPS tracker for his father-in-law's trucks in Worcester, Massachusetts, at $19.99 a month per truck, about 30 trucks in all. A driver showed him the temperature logger on the back of a seafood truck, which pointed him at cold chain. His first long-life trackers cost $100–$150 to make, sold for $150–$200 plus $50 a month, and barely sold. After a 2018 trip to Chinese manufacturers, Tive launched a $29 single-use 2G tracker, and in 2019 customers began buying 1,000 at a time. Revenue went from $250K (2019) to $2.5M (2020), $10M (2021), about $20M (2022), $29M (2023), $45M (2024) and $67M (2025), and the company just passed a $100M annual run rate with more than 1,300 customers.
Tive’s first customers came from a sharply observed workflow, not a broad logistics pitch. Komoni built a GPS tracker for his father-in-law, who needed to know where truck drivers were and whether loads had been picked up or delivered.
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Data credibility: Founder-CEO Krenar Komoni stated the figures himself and screen-shared the company's own revenue chart: a $100M annual run rate reached the week of the interview, an $89M booked run rate at the January fiscal year-end, and recognized revenue of $67M (2025), $45M (2024), $29M (2023), about $20M (2022), $10M (2021) and $2.5M (2020). He also gave 1,300+ customer logos, about 9–10 customers above $1M a year and 60% of new ARR from expansion. Later funding rounds, the ~300 headcount and the 32 AE / 11 SDR split come from the host's wrap-up. The chart is internal, not third-party data; nothing was audited.
The first dollar arrived as a recurring payment for a practical GPS tracker: Komoni says his father-in-law paid $19.99 per month per truck. He made the invoices himself.
Tive’s flywheel joins better device economics to more customer deployments and richer operating insight. The founder said that once the company worked with a Chinese manufacturing partner on a $29 single-use tracker, customers started buying 1,000 units at a time; earlier, he had struggled to sell ten.
Tive’s difficult stretch shows why hardware founders need evidence from customers before scaling a technical roadmap. After a $3 million seed round in 2017, Komoni said the company hired software engineers and built architecture while it still had no customers.
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