Kenandy Closes $10.5M Series A Funding

Published On August 29, 2011 |

Kenandy, Inc., a Redwood City, CA-based developer and provider of a cloud manufacturing management system, has closed a $10.5m Series A funding.

The round was led by Kleiner Perkins Caufield & Byers (KPCB), with participation from salesforce.com and Wilson Sonsini Goodrich Rosati.

In conjunction with the funding, Ray Lane, managing partner at KPCB, will join the company’s board of directors.

Led by founder, chairman and CEO Sandra Kurtzig, Kenandy offers a manufacturing management application built for the cloud. Kenandy Manufacturing Cloud delivers inventory management, engineering, purchasing, production, and requirements planning functions on Force.com, salesforce.com’s cloud computing platform.

The company has also added Rod Butters as CMO and Pravin Kumar as CTO.
Kenandy has operated in stealth mode for over a year and initial customer deployments are expected to reach production before the end of the third quarter this year.

FinSMEs

29/08/2011

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