Supply Chain Innovator Verusen Secures $25 Million In Series B Funding
01/25/22, 8:45 AM
Location
atlanta
Money raised
$25 million
Round Type
series b
Verusen, the global supply chain innovator focused on providing the simplest way to manage materials for global supply chains, today announced it has raised $25 million in Series B funding. Verusen leverages deep learning, artificial intelligence (AI), data harmonization, and decision support to help the largest global brands control risk, attain supply chain resiliency, and improve economies for their operations. The round was led by Scale Venture Partners with participation from current investors Glasswing Ventures, Flyover Capital, Zetta Venture Partners, Forte Ventures, BMW i Ventures, and Kubera VC. The new funding comes just a year after its $8 million Series A.
Company Info
Location
atlanta, georgia, united states
Additional Info
In the past year the company has: Achieved 10X growth, with plans to continue hyper-growth in 2022.Delivered on average 15-20% working capital savings to its Fortune 500 customers, reducing risk and optimizing the materials they use to run their manufacturing operations and build their products.