CMA CGM invests French technology startup TRAXENS

The container shipping line was joined by investment funds CAAP Création and S.C.R. Provençale et Corse with the funding going toward research and development.

   The CMA CGM Group this week said it has invested capital in the French technology startup TRAXENS.
   The container shipping line was joined by two other investment funds – CAAP Création (Crédit Agricole Group) and S.C.R. Provençale et Corse (BPPC Group) – with the funding going toward research and development programs for TRAXENS.
   The startup is developing big data solutions for the transportation industry tied to container tracking and monitoring.
   “We will now be able to collect data in real-time, which is equally important to us and to our clients,” said Elie Zeenny, CMA CGM senior vice president, group IT systems. “Containers are becoming ‘connected devices.’”.
   CMA CGM said TRAXENS will equip the first CMA CGM containers with the technology in 2015, enabling real-time tracking of a container’s position, its temperature, the vibrations it is subjected to, attempted burglary, the presence of traces of specific substances in the air, and the regulatory status of the cargo.