Iceland’s Controlant, with $50M backing, emerges as key participant in Chilly Chain for COVID-19 vaccine – TechCrunch

Iceland’s Controlant, with $50M backing, emerges as key player in Cold Chain for COVID-19 vaccine – TechCrunch

A startup hailing kind far-flung Iceland is rising as one of many key gamers within the race to distribute one of many key Coronavirus vaccines all over the world. Controlant — which has a novel real-time provide chain monitoring expertise primarily based on GSM networks and is particularly geared to areas like prescription drugs and life sciences — has confirmed it’s offering its monitoring providers to Pfizer because it delivers the mRNA-based Pfizer-BioNTech COVID-19 vaccine globally. The Controlant platform entails screen-based IoT tags which-link to GSM networks after which feed into net and cellular apps.

Final week the Governor of New York final week held up a field containing the vaccine, with an unidentified tag that appeared like a Controlant GSM monitoring system. TechCrunch contacted Controllant and the corporate confirmed that it was certainly their expertise.

Controlant Chilly Chain as a Service Resolution

In September Controlant secured $15 million in Sequence B funding to drive the market enlargement of its real-time ‘Chilly Chain as a Service’ platform. It has largely Iceland-based buyers together with Sjova and VIS. Frumtak, a VC agency in Iceland, first invested in Controlant in 2011. The current financing introduced Controlant’s whole funding thus far to $50 million. Frumtak not too long ago offered 11% of its stake in Controlant (a transaction dealt with by Arion Bank) for near $14 million, however will proceed to carry a 13% stake by means of its Frumtak II fund.

Along with the visibility and monitoring options that Controlant is offering to Pfizer, it’s additionally working instantly with the U.S. Authorities, the CDC, U.S. Division of Well being and Human Providers, and stakeholders in ‘Operation Warp Velocity’. The platform is getting used all through the whole lot of the U.S. provide chain journey of the vaccines.

Gisli Herjolfsson, Controlant CEO and Co-founder

Gisli Herjolfsson (pictured), co-founder and CEO of Controlant, stated in an announcement: “Controlant has amassed a depth of experience in vaccine provide chain operations and we’re pleased to have the chance to use our options to the whole lot of the mRNA-based Pfizer- BioNTech COVID-19 vaccine provide chain, by means of our direct work with Pfizer and authorities stakeholders.”

Controlant IoT units, full of the vaccines, seize environmental info, together with time, temperature, and light-weight occasions, and ship the knowledge, in real-time, to Controlant’s proprietary platform.

Beneath is a video of Governor Andrew Cuomo displaying the everyday packaging which Controlant units are hooked up to:

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