Unity SCM, San Jose, CA-based supply chain operations platform announced that it completed an $8 million Series A funding, bringing its total funding to $13.2 million to date.
The round was led by Vertex Ventures Israel, with participation from UpWest, Vertex Ventures US, Dan Scheinman, and Ariel Maislos.
The round of funding will allow the company to expand its platform to more customers in new markets.
“Most supply chain modernization projects get bottlenecked waiting for scarce IT resources to connect the disparate data silos that lie beneath,” said Amir Taichman, CEO and Co-Founder of Unity SCM. “Every time supply chain teams try to cobble together a single view in emails and spreadsheets for a new project or fire drill, they create another virtual silo.”
Unity SCM provides an enterprise-scale supply chain management solution that helps companies avoid disruptions and improve visibility in their supply chain systems. It helps its customers address common supply chain problems such as collecting and integrating supply chain data, so customers know where each shipment is and when inventory will be ready.
Company: Unity SCM, Inc.
Raised: $8.0M
Round: Series A
Funding Month: May 2023
Lead Investors: Vertex Ventures Israel
Additional Investors: UpWest, Vertex Ventures US, Dan Scheinman, and Ariel Maislos
Company Website: https://www.unityscm.com/
Software Category: Supply Chain Operations Platform
About the Company: Founded in 2020, Unity SCM is a supply chain operations platform that seamlessly integrates diverse data sources, streamlining the flow of information across organizations' supply chain infrastructure. They provide digital solutions such as tracking and order consolidation, logistics visibility, and a customer portal. The company’s expandable data platform easily adapts to inaccurate or incomplete supply chain data, freeing teams from the burden of complex data integration projects and allowing businesses to make informed decisions that enhance operational efficiency and reduce costs. The platform works with point solutions and systems of record such as SAP and Oracle to map data into a single view that users can see and access immediately.
Source: https://www.calcalistech.com/ctechnews/article/s1zivtpn3