LeanDNA, an Austin, Texas-based provider of a SaaS intelligence analytics and project execution platform for lean factories, closed a $4.5m Series A funding round.
The round was led by Austin-based Next Coast Ventures.
The company will use the funds to expand its sales and marketing efforts, broaden product development and continue investing in its customer experience program.
Founded in 2011 by Richard Lebovitz, President and CEO, LeanDNA provides a cloud-based intelligence platform that supports lean manufacturing with a suite of analysis and management tools that monitor key information on inventory levels. These tools provide actionable insights for manufacturers to reduce inventory levels, avoid shortages and create operational efficiencies.