Cloudleaf, Inc., a San Francisco, CA-based provider of digital supply chain solutions, secured $26m in Series B funding.
The round, which brought institutional funding to $39m, was led by Intel Capital and WRVI Capital, with participationg from BluePointe Ventures, Bold Capital Partners, Mahindra Partners and Tandem Capital.
The company intends to use the funds for the rapid expansion of its addressable markets, geographic presence and enterprise customer base.
Led by Chief Executive Officer Mahesh Veerina, Cloudleaf provides a supply chain digital visibility platform that delivers complete, real-time views and insights across the eco-system from suppliers through production and distribution to customers.
Using IoT, AI/ML and advanced analytics, the cloud software creates a digital twin of the supply chain and processes billions of events per second to deliver diagnostic and predictive insights in real-time for location, condition, utilization and anomaly detection.
The company is serving increasing numbers of global leaders in pharmaceutical & life sciences, food & beverage, advanced manufacturing and other industries.