SAP.iO joined the round led by existing investors Richmond Global and PivotNorth.
The company will use the funds to scale its cloud-based platform.
Led by Debbra Rogers, CEO, Paradata provides a Software as a Service (SaaS) platform that uses machine learning to provide authenticated, accurate product details to Original Equipment Manufacturers (OEMs) and Electronic Manufacturing Services (EMS) providers as well as parts distributors and suppliers.
The company serves customers including Adtran, Aerohive Networks, Juniper Networks, Palo Alto Networks, Pure Storage and Teledyne/Lecroy Inc.
FinSMEs
23/03/2017