Alight, Inc., a San Francisco-based SaaS technology forecasting company, closed an $11m Series A funding round.
Backers included Caterpillar Venture Capital and a consortium of noted Bay Area tech investors, led by Alight chairman, Steven Berger.
The company intends to use the funds to scale the mining and mortgage industry verticals and the expand into new industries, including the addition of two new verticals in 2017, with pharma slated for Q3.
Led by Michele McGovern, CEO, Alight provides cloud-based applications that combine real-time, collaborative forecasting with scenario comparison and analysis for CEOs to gain visibility into the financial impact of critical decisions – before they’re made, and manage the futures of their business.
The company works by forming strategic relationships with top industry innovators and integration partners and builds industry-specific cloud-based forecasting solutions on top of its technology platform.
Alight serves mining firms, including a division of steel company ArcelorMittal and a division of a global top-three oil company, nearly 40 of the nation’s largest independent mortgage banking firms, including half of the firms in the top 10.