The Supply Chain Matters blog features our June 28, 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.
Included in this edition are highlights related to noteworthy announcements and/or developments related to:
Aera Technology Announces Series C Financing Round
Cognitive and AI focused supply chain technology provider Aera Technology today announced an $80 million Series C financing round led by DFJ Growth and participation from the company’s executive leadership, New View Capital and Georgian Partners. Total investment in the company is now $170 million.
Aera’s cognitive technology enables what this provider terms as the Self-Driving Enterprise™. Utilizing proprietary data crawling, industry models, machine learning and artificial intelligence, the technology automates and augments how decisions are made and executed. Aera has achieved large-scale adoption at some of the world’s largest companies to drive their complex supply chain decisions from Inventory Optimization and Touchless Planning to Order Management and Trade Promotion.
This added round of financing will reportedly accelerate the company’s investment in its Cognitive Operating System™, Self-Driving Skills™, and global expansion. DFJ Growth Venture Capital has had investments in prior disruptive technology companies such as Anaplan, Baidu, Ring, Tesla Motors and Twitter. John Fisher, co-founder and partner, will join Aera Technology’s Board.
Note: Supply Chain Matters will be providing additional perspectives on Aera Technology in a future update.
Procurify Secures $20 Million Series B Funding
Vancouver based SaaS spend management technology provider Procurify has announced the closing of its Series B financing round in the amount of $20 million. Investors included Information Venture Partners, one of Canada’s largest venture-capital firms, along with Runa Capital, HarbourVest Partners, Manulife and BC Tech Fund.
Proceeds of this round will reportedly fund continued growth, including international markets, and broader sales and marketing initiatives.
iBASEt Collaborating with AWS to Launch Manufacturing Platform for Aerospace and Defense Industry Manufacturers
Foothill Ranch, California based iBASEt, a provider of digital manufacturing, MRO and quality management process support technology has announced a collaboration with Amazon Web Services (AWS)’s Smart Factory program, utilizing the provider’s Digital Manufacturing suite for Aerospace and Defense manufacturers. The technology platform is planned to provide A&D manufacturers with the ability to leverage native services to create and deploy a variety of applications to provide better control of operations with lower cost of ownership, higher security and better performance.
Amazon Smart Factory is directed at helping companies optimize factory operations and includes, among other features, AWS Cloud IoT Services, edge computing data lakes and advanced analytical tools to improve manufacturing operations and decision-making.
iBASEt, which provides Cloud-based applications technology for complex, highly regulated industries, has recently announced a contract agreement with Lockheed Martin which selected this provider’s platform as its next generation manufacturing execution system (MES) for its Aeronautics Division, which designs and manufactures military aircraft.
Added Note to Readers– Supply Chain Matters will feature our This Week in Supply Chain Tech highlight series as announcements warrant.
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