The Supply Chain Matters blog features our December 13, 2019 Edition of This Week in Supply Chain Management Tech, a brief synopsis of noteworthy supply chain management focused technology news which we believe would be of specific interest to our global-based blog readership.
There has been yet another flurry of noteworthy announcements since our last published edition two weeks ago.
Included in this edition are highlights related to noteworthy announcements and/or developments related to:
SAP SE and project44
TrueCommerce and Netalogue
SAP SE Announces Applications Technology Partnership with project44
This week, global enterprise software applications and technology provider SAP SE announced an applications technology partnership with project44, a provider of a termed Advanced Visibility Platform™ for shippers and logistics service providers.
According to the announcement, the companies plan to provide a joint offering addressing key transportation processes that will connect, automate and provide added visibility data and insights from project44’s capabilities and delivered within the SAP Logistics Business Network. This partnership is depicted as marking a major milestone in the SAP “network of networks” strategy based on affiliations with world class innovators. SAP previously announced a partnership with Uber Freight.
The goal of the partnership is to change the way shippers manage the delivery process and to help customers save time and money.
LeanDNA Raises $15 Million in Series B Funding to Fuel Market Growth
Austin Texas based LeanDNA, a provider a purpose-built, prescriptive analytics platform for factory management, announced this week that it has secured $15 million in Series B funding led by S3 Ventures. Existing investors Next Coast Ventures and Rony Kahan also participated in the round.
LeanDNA’s mission is to change the way global manufacturers manage inventory. The technology provider’s factory-first platform enables manufacturers to optimize inventory, avoid shortages and improve on-time delivery. The company was founded in 2014 by Richard Lebovitz, the former founder of FactoryLogic, which was later acquired by SAP.
Customers utilizing LeanDNA’s factory analytics software include global manufacturers such as Spirit AeroSystems, Safran, PSG Dover and Integra LifeSciences, who are increasingly turning to transformational, prescriptive technology to efficiently manage inventory and improve profitability.
Additional investments funds will be used to scale the company’s technology including additional hiring, expand its customer base and support other strategic growth initiatives.
Panorays Raises $15 Million Series A Investment
Panorays, a provider of automated third-party lifecycle information security management, announced last week that the company has raised $15 million in a Series A funding round led by Oak HC/FT. Previous investors Aleph VC and security industry veteran Lane Bess, former CEO of Palo Alto Networks, also participated in this round.
Reportedly, third-party information security breaches affect two-thirds of U.S. organizations.
The company was co-founded by experienced technology industry executives and members of the elite technology/software unit of the Israeli Air Force, Matan Or-El, Meir Antar and Demi Ben-Ari. The executive team has served in security and leadership positions at companies including Imperva, AVG, ironSource, Windward, WalkMe and enSilo. Renown cybersecurity veteran Amichai Shulman, co-founder and former CTO of Imperva, is an active advisor.
The new investment will be used to help the technology provider to expand its marketing and sales initiatives, to accelerate global growth and to drive research and development to continually evolve the platform to support growing privacy regulations and eliminate inefficient workflows.
TrueCommerce Acquires Netalogue
TrueCommerce, a global provider of trading partner connectivity, integration and unified commerce, announced this week that it has acquired Netalogue Technologies plc, a United Kingdom provider of B2B eCommerce applications. No financial or transactional information was disclosed in the announcement.
Founded in 2001 Netalogue was one of the first E-commerce companies to specialize in B2B E-commerce and now offers industry leading experts in this field. Online B2B trading can be complex, recognizing this the company developed the Netalogue™ B2B platform, designed from the ground up to be a thoroughbred B2B E-commerce platformy.
According to the announcement, the addition complements the TrueCommerce portfolio by providing a strategic technology service that strengthens its commerce network throughout Europe.
California Start-up Plus.ai Claims an Industry First in Cross Country Self-Driving Truck Travel
The San Jose Mercury Times reports that Cupertino California based start-up Plus.ai completed what appears to be the first commercial cross-country trip by an autonomous truck, which completed a 2,800-mile-run from Tulare, California to Quakertown, Pennsylvania hauling 40,000 pounds of butter for Land O’Lakes in under three days.
A safety driver and safety engineer were each aboard the autonomous semitruck during this journey.
According to the report, the truck traveled on interstates 15 and 70 right before the Thanksgiving holiday, having to take scheduled breaks but drove mostly autonomously. The report zero “disengagements,” or times the self-driving system had to be suspended because of a problem
According to the start-up’s COO, the technology provider has been running freight every week for about a year, but this was the first cross-country trip. The report notes that start-ups have run testing runs of autonomous trucks but few with real loads. Tech executives still indicate that actual commercial use remains several years out but pilots will continue over the coming two years.
GrreyOrange Launches Next Generation Fulfillment Operating System
GreyOrange, a global software and mobile robotics technology provider that leverages artificial intelligence and machine learning to optimize fulfillment operations, announced this week the latest release of its Fulfillment Operating System, which integrates GreyMatter software with the company’s series of mobile robots.
The company claims to be the only company that integrates software and robots built together specifically to improve customer order fulfillment throughput, scale, accuracy and economics. This latest product release embodies capabilities that optimize fulfillment for companies with omnichannel and e-commerce needs and increases store efficiency by packing replenishment orders according to individual store layouts and preferences. It also expands the orchestration of data and actions across the Company’s series of Ranger™ mobile robots.
Ranger robots are developed in concert with GreyMatter software and use machine learning to adjust decisions and behavior based on real-time observations. Additionally, maximum-life engineering ensures every Ranger robot delivers ‘last and learn’ value. Communication among the robots and the central system incorporates that learning so the entire system continues to get smarter.
The company has core operations in the United States, Singapore, Germany, Japan and India.
This concludes our latest edition of This Week in Supply Chain Management Tech.
An Added Note to Readers– Supply Chain Matters will feature our This Week in Supply Chain Tech highlight series periodically as announcements warrant.
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