Sustainment, an Austin, TX-based software platform connecting the American manufacturing community, announced that it has raised $12 million in a Series A funding round led by Unless, an investment firm focused on catalyzing the new industrial revolution.
The fund will be used to accelerate the process of delivering enabling technologies to U.S. manufacturers.
"We’ll use this round of capital to accelerate the process of delivering on this model – and more. In the near term, we’ll significantly increase our software development, data science, and AI engineering teams; expand our channel partnerships with state and local stakeholders to help us touch more manufacturers as we carry their messaging forward; and expand the already significant reach of CompanyWeek, Sustainment’s independent media voice and manufacturing events platform, to showcase companies reimagining the sector." Bret Boyd, Sustainment CEO, said.
Company: Sustainment Technologies, Inc.
Raised: $12.0M
Round: Series A
Funding Month: Aug 2022
Lead Investors: Unless
Additional Investors:
Company Website: https://sustainment.tech/
Software Category: Sustainment Supply-Chain Technology Platform
About the Company: Sustainment is a software platform that intelligently connects the fragmented ecosystem of small and medium-sized American suppliers with their enterprise customers to enable agile supply chain networks. Sustainment is a digital manufacturing community of over 50,000 manufacturing executives and technology users across 20,000 companies and growing. Its vision is to reimagine the American manufacturing base as a hyperconnected, secure, and resilient ecosystem of local and regional suppliers, enabling manufacturers to more easily connect and interact with the industry and government organizations that support or rely on them. Its mission is to apply technology to help manufacturers find, evaluate, and engage with qualified U.S.-based suppliers and help suppliers showcase their expertise and capabilities to new customers and partners. Sustainment software enables US-based manufacturers to find and engage with the critical suppliers they need to build secure, resilient, domestic supplier networks.
Source: https://sustainment.tech/rebuilding-american-manufacturing/