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Adero
Content delivery enablement solutions to carriers and hosting providers through its adero globalwise network technology
About Adero
Adero emerged from the operational rebranding of TrackR, a Santa Barbara-based technology company founded in 2009 that specialized in Bluetooth-based tracking devices. Following a significant $50 million Series B funding round and a change in leadership in 2017, the company pivoted its vision from simply finding lost items to proactively preventing their loss through organization. This strategic transformation from TrackR to Adero was aimed at launching a revamped product, brand, and company vision by the 2018 holiday season. The firm's shareholders included notable names like Amazon, Foundry, and Revolution. However, according to PitchBook, the company is now out of business as of August 2021.
Adero's core business revolved around an intelligent organization system designed to reduce the stress of managing personal belongings. The system operated within the consumer electronics and Internet of Things (IoT) market. Its product consisted of a two-part hardware system: a main "Smart Tag" and smaller trackers called "Taglets". Clients would attach the Smart Tag to a primary container, such as a backpack or gym bag, and affix the Taglets to essential items that go inside, like a laptop, passport, or headphones. The Smart Tag communicates with the Taglets, and through a companion mobile app available for iOS and Android, it sends a notification to the user if they are about to leave without a tagged item. This created a network where users' belongings could essentially manage themselves, turning any bag into a smart, organized container.
The mobile application served as the central hub for the user experience. It allowed individuals to manage their tagged items, create contextual alerts, and set proactive reminders. The design focused on a streamlined user journey, from onboarding to the daily management and location of items. The goal was to create a system that, once set up, would fade into the background, relying on notifications and interactions on the Smart Tag itself to help users build better organizational habits. For its approach, Adero was recognized by Fast Company, ranking #10 on their list of Most Innovative Companies in Consumer Electronics in 2019.
Source: Dealroom company dataKnowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES COther financing | Jul 2018 | $10M | $40M | Undisclosed | — |
| FundingOther financing | May 2016 | $0 | — | Amazon | — |
Growth signals
Latest recorded traffic for Adero is 670 monthly website visits, up 179.2% over the last three months. Adero's team declined 10.7% over the past year.
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A3 investors entered at this stage
- FVFidelity Ventures
M/C Partners
Spectrum Equity
Series B and later7 investors entered at this stage
Intel CapitalMicrosoft
Hikari Tsushin Group- BCBowman Capital
Inktomi Corporation
Mitsubishi
Reuters
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about Adero on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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