Identiv closes IoT sale, gets $50M preferred equity; rebrands
Identiv closed the sale of its IoT business and brand to Trackonomy, received $50M in Trackonomy preferred equity (post-closing adjustment applies), changed its name to INVE Technologies, and appointed James Greenwell as interim CEO effective Sept. 21, 2026. The company also plans a physical AI SaaS focus.
Identiv said it closed the sale of its IoT business and brand to Trackonomy, and received $50M in Trackonomy preferred equity, with a post-closing adjustment applying. The company said it changed its name to INVE Technologies, plans a physical AI SaaS focus and named James Greenwell interim CEO effective Sept. 21, 2026.