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Several supply chain organizations are investing in artificial intelligence (AI) to improve their processes. This is particularly important as organizations face supply chain disruption. They want to be able to make better decisions faster. They want to understand their business better and get a deeper insight into their data.
Verusen’s AI software makes it possible for organizations to improve their inventory management and supply chain processes. In addition, it allows for better rationalization of supply network purchasing power. It can also help organizations boost service levels by reducing inventory costs. It can also be used to better monitor material levels at various locations across the supply chain.
Verusen also offers an AI platform to help organizations manage supply chain risk. It can suggest ways to optimize inventory allocation. This allows for better economies of scale. Using Verusen allows organizations to avoid downtime due to replacement parts. It also allows organizations to better share materials between manufacturing sites.
Among the SaaS companies to get a $40 million Series B round is Didomi, a provider of user consent management software for SMBs. The company is positioned as a European leader in this area, and its new funding will help the company accelerate its growth both globally and in the US. The company plans to use its new funding to fuel expansion in Europe and the US and to strengthen its product R& M.
In addition to the $40 million round, Didomi also secured an additional $10 million in a seed round in April. In the past four months, the company has doubled its revenue, and has added several new clients and software modules. The company also plans to launch four new software modules in the next two quarters.
Crosslink is a premier early-stage venture capital firm that has backed a variety of defining companies, including DataStax, Omniture, and Omniture’s acquisition of DataStax. Crosslink’s portfolio also includes a variety of other early-stage companies such as SnapChat, Square, and Cloudera.
Founded in 2012, AppOmni is a leading provider of SaaS safety management software. The company enables teams to make profit-boosting rightsizing decisions. It currently has several Fortune 500 companies as clients. The software empowers teams to assess the risks, costs, and productivity impact of a rightsizing project. AppOmni is growing its footprint, acquiring new customers, and improving product R& M.
AppOmni has raised over $53 million to date, including $10 million in a series A in January and a $3 million seed round in April. The company has also received backing from Silicon Valley Data Capital and ServiceNow Ventures. In addition to these investors, AppOmni has also received backing from ClearSky, Inner Loop Capital, and Costanoa Ventures. The company employs more than 50 people, and its annual revenue will grow by over 900% in 2020.