Verusen, an Atlanta, GA-based provider of tools to manage materials for global supply chains, raised $25m in Series B funding.
The round was led by Scale Venture Partners with participation from current investors Glasswing Ventures, Flyover Capital, Zetta Venture Partners, Forte Ventures, BMW i Ventures, and Kubera VC.
The company intends to use the funds to accelerate its global footprint, and further build out its AI-driven technology platform expanding its reach in both the Indirect MRO (Maintenance, Repair and Operations) and Direct Materials space.
Led by Paul Noble, Founder and CEO, Verusen leverages deep learning, artificial intelligence (AI), data harmonization, and decision support to help global brands control risk, attain supply chain resiliency, and improve economies for their operations. In the last year, Verusen also snnounced worldwide partnerships with SAP, NTT Data GSL, Accenture, and Machine Compare. The company has experienced 10X growth in 2021 serving clients in 25 countries across the world.