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FourKites lands $100 million in a new funding round as tracking technology takes on new urgency in distributing medical equipment, vaccines

When Covid-19 infections surged in New York last spring, a rush on medical supplies caught healthcare providers off guard, challenging inventory and tracking systems built for more predictable demand.

To cope with that volatility, more manufacturers and suppliers are scaling up the use of tracking technology to ensure critical medical shipments arrive on time and intact. Sophisticated devices that log a shipment’s location and temperature in real time have become essential tools in the rush to distribute fragile Covid-19 vaccine shots, for example, to pandemic-weary populations.

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