Pinc, a Union City, Calif.-based provider of digital yard™ solutions, secured a growth equity investment from Accel-KKR.
The amount of the deal was not disclosed.
The company intends to use the funds to accelerate growth and become a global category leader in supply chain management software through strategic acquisitions and a focused organic growth plan.
Founded in 2004 and led by Matt Yearling, CEO, Pinc provides software, hardware, and services that enable companies to identify, locate, and orchestrate inventory throughout the supply chain predictably and cost-effectively. The company’s cloud-based real-time tracking platform, powered by an Internet of Things (IoT) sensor network that includes passive RFID, GPS, computer vision, cellular, and other sensors, provides actionable insights and connected expert guidance that allow organizations to optimize their supply chain execution. Its platform is currently utilized by an array of Fortune 1000 enterprises.