INLAN has raised US$ 5 million in Series A funding to accelerate the deployment of its innovative battery-less IoT solutions for supply chain management, backed by strategic investors.

Target Information

INLAN is a Montreal-based technology firm that specializes in pioneering innovative battery-less Internet of Things (IoT) tags and artificial intelligence (AI)-ready data infrastructure. Recently, the company announced the successful completion of a US$ 5 million Series A funding round, aimed at enhancing the scalability and deployment of its cutting-edge technology. This significant investment was led by Saas Fee Limited, a strategic investor, with strong participation from Shea Ventures, a California-based venture capital firm, along with contributions from Montreal’s own TandemLaunch and several individual strategic investors. The funding will facilitate INLAN in transitioning its innovative hardware into large-scale applications while expanding the software and data systems necessary to support mass IoT adoption within industrial and supply chain markets.

Co-founders Ali Shajii and Mohammad Hajikhani emphasize the transformative potential of AI in supply chain management, contingent on the availability of reliable, real-time, and multidimensional data. INLAN aims to bridge existing gaps in data acquisition by developing affordable and efficient sensing technologies, which will enable unprecedented access to operational insights in real-time.

Industry Overview

The IoT industry, particularly in Canada, is experiencing rapid growth driven by advancements in technology and increasing demand for real-time data solutions across various sectors, including logistics and supply chain management. The global shift towards a