LeanDNA, an Austin, TX-based purpose-built, prescriptive analytics platform for factory management, secured $15m in Series B funding.
The round was led by S3 Ventures with participation from existing investors Next Coast Ventures and Rony Kahan.
The company intends to use the funds to scale its global offering, expand its customer base and support other strategic growth initiatives.
Led by Richard Lebovitz, CEO, LeanDNA provides global manufacturers with a platform to optimize inventory, avoid shortages and improve on-time delivery.
Leveraging predictive analytics and prescriptive AI to power actionable, automated recommendations, the platform promotes real-time collaboration and standardization across systems, suppliers and sites.
Customers utilizing the company’s factory analytics software include global manufacturers such as Spirit AeroSystems, Safran, PSG Dover and Integra LifeSciences.