SAN FRANCISCO--(BUSINESS WIRE)--Cloudleaf, Inc., an emerging leader in digital supply chain solutions, today announced that it has secured $26 million in Series B funding to drive market expansion of its Supply Chain Digital Visibility Platform, which brings unprecedented visibility, efficiency and responsiveness to supply chains in any industry.
The round was led by Intel Capital and WRVI Capital. Also participating were existing and incoming investors BluePointe Ventures, Bold Capital Partners, Mahindra Partners and Tandem Capital. The financing brings Cloudleaf’s total institutional funding to $39 million.
Cloudleaf will utilize the capital to power the rapid expansion of its addressable markets, geographic footprint and enterprise customer base. The company is serving increasing numbers of global leaders in pharmaceutical & life sciences, food & beverage, advanced manufacturing and other industries.
“We are extremely gratified that some of the industry’s most esteemed investors are helping Cloudleaf convert our technology leadership into market leadership,” said Cloudleaf Chief Executive Officer Mahesh Veerina. “Cloudleaf’s goal is to establish nothing less than a new industry standard for actionable visibility in a broad spectrum of enterprise supply chains.”
Real-Time Insights Drive Dramatic Improvements
Cloudleaf’s Digital Visibility Platform is a powerful combination of IoT, AI/ML and advanced analytics that delivers comprehensive, real-time, end-to-end insights into supply chain operations -- from suppliers, through production and distribution, to customers. Processing billions of events per second, Cloudleaf technology enhances Operations and Integrated Business Planning systems with real-time delivery of diagnostic and predictive insights. These insights include location, environmental conditions (such as temperature, humidity and shock), utilization and anomaly detection.
Improvements enabled by the platform can be gauged using the Cloudleaf Visibility Index™. Cloudleaf customers achieve improvements in supply chain visibility of as much as 5x; first-year return-on-investment of as much as 70x; and annualized value in the tens of millions of dollars. The Index is described in a White Paper issued recently by Cloudleaf. The White Paper, entitled, What is the Visibility Index of Your Supply Chain?, is available at https://www.cloudleaf.com/download/cloudleaf-visibility-index-paper/.
“Cloudleaf Means Actionable Visibility”
“Cloudleaf’s Digital Visibility Platform targets an extreme pain point for thousands of enterprises challenged by the need to manage significant asset and product flows. We are excited to partner with such a high-impact innovator of enterprise digitization,” said Sriram Viswanathan, Managing Partner of WRVI Capital. “Katerra, one of WRVI Capital’s portfolio investments and a highly disruptive technology company for the construction market segment, has selected Cloudleaf to provide end-to-end visibility across its supply chain.”
“Cloudleaf means actionable visibility,” said Dave Flanagan, vice president of Intel Corp. and senior managing director of Intel Capital. “The world’s supply chains are undergoing a multi-trillion-dollar shift to digital, and Cloudleaf is in the vanguard. We’re pleased to welcome them to Intel Capital’s portfolio of leaders in cloud, edge intelligence and vision technologies.”
About Intel Capital
Intel Capital invests in innovative startups targeting artificial intelligence, autonomous vehicles, datacenter and cloud, 5G, next-generation compute and a wide range of other disruptive technologies. Since 1991, Intel Capital has invested US$12.6 billion in more than 1,560 companies worldwide, and 677 portfolio companies have gone public or participated in a merger. Intel Capital curates thousands of business development introductions each year between its portfolio companies and the Global 2000. For more information on what makes Intel Capital one of the world’s most powerful venture capital firms, visit www.intelcapital.com or follow @Intelcapital.
About WRVI Capital
WRVI Capital is a leading venture capital firm that invests in exceptional entrepreneurs and disruptive technologies that will help shape the future. Our management team and investment professionals leverage over 400 years of accumulated investment and operational experience and bring to our portfolio companies a deep and unmatched network of value added strategic relationships. WRVI Capital is headquartered in California. For further information about WRVI Capital, please visit www.wrvi.vc.
Cloudleaf’s mission is to create significant value across the end-to-end supply chain network by dramatically increasing visibility of product flow and condition. Customers increase revenues, reduce material losses and enhance the reliability of operations.
Our supply chain Digital Visibility Platform delivers complete, real-time views and insights across the eco-system from suppliers through production and distribution to customers. Using IoT, AI/ML and advanced analytics, our cloud software creates a digital twin of the supply chain and processes billions of events per second to deliver diagnostic and predictive insights in real-time for location, condition, utilization and anomaly detection. Cloudleaf is empowering world leading companies in pharmaceuticals & life sciences, food & beverage and advanced manufacturing with significant ROI and millions in savings.
See https://www.cloudleaf.com/about for additional company information.