On Monday, Dauntless, Inc., a Seattle-region software developer offering factor-of-sale and monitoring software to the hashish enterprise, has acquired pot income software program employer Soro.
Seattle-primarily based Dauntless turned into co-founded by CEO Clark Musser in 2013, along with former Microsoft personnel with not unusual interest and motive in developing a customizable enterprise-level traceability machine and provide it at a low-cost price. Using RFID and NFC as the muse, they developed a give-up-to-quit traceability provider (TapNTrace).
The first-rate component about this technology is that it could be carried out to absolutely any enterprise where traceability and tracking are wanted, including orders, deliveries, and client relationship statistics.
Seattle-based Soro, based by using Seattle local Jerry Tindall, has evolved a cloud software program suite that manages “Sales & Fulfillment, Inventory Management, Customer Relationship Management (CRM), Seed-to-Sale Traceability, and business-aware analytics” in an easy-to-run suite for cannabis growers and processors.
Tindall stated the mixed businesses’ goal to create an all-encompassing platform serving growers, packages, and shops across the U.S.
“The imaginative and prescient is to construct an entire ecosystem around what it manner to be a cannabis business,” Tindall stated, reviews Geek Wire. “By placing our software collectively, we have a full-stack, a fully incorporated offering, and that doesn’t exist but — not from the grower to the retail plant sale … there isn’t everyone who’s doing the end-to-stop product suite at this point.”
Musser stated that the blended company plans to pursue between $five million and $10 million in a Series A investment spherical, capitalizing on a growing industry in need of custom-designed software program answers.
Why seed-to-sale generation is beneficial
The cannabis enterprise has grown with the aid of leaps and limits in the U.S. And Canada. Like other regulated products, together with alcohol, legal guidelines were exceeded, and regulatory structures had been enacted to guide and screen the new enterprise.
When consumers buy a marijuana product, they may not understand the behind-the-scenes compliance and reporting requirements that pass into their purchase. With the cannabis enterprise, regulation has evolved right into a strict seed-to-sale monitoring machine that allows country regulators to music criminal marijuana products thru each phase of the supply device.
The hashish seed-to-sale tracking gadget is much like structures used to track meal products, such as meat, fowl, and seafood, as well as different agricultural merchandise. It’s miles for the protection of the client, as well as preserving returned the black market.