Steelwedge, a Pleasanton, CA-based provider of cloud supply chain planning and sales and operations planning (S&OP) solutions, received $22.5M in new growth capital.
The round was led by Camden Partners with participation from existing investors backer Mainsail Partners and Shea Ventures as well as new CEO Pervinder Johar.
The company intends to use the funds to accelerate product development, expand sales and marketing.
Led by Johar, Steelwedge provides cloud supply chain planning and S&OP solutions that enable manufacturers to align demand, supply, strategy and financial goals.
It is used by leading manufacturers like HP, Lenovo, Jaguar, Land Rover, Nissan, and Monsanto.
The company also announced it will open a new office in Austin, Texas later this year. The office will serve as a technology, sales, and services hub to better serve the customers and prospects in the region.