Gravity Supply Chain, a developer of a public cloud-based supply chain management and logistics B2B platform, has raised $1 million since opening its latest round of funding just last month.
Hong Kong - August 22nd, 2016. RedNewswire/-
Incepted in December 2014, it has brought $4 million up in the past rounds between December 2014 and September 2015. Counting the on-going round, to date the organization has secured a sum of $5 million from people situated in Australia, Singapore, China and Europe who originate from a wide scope of fields, the company said.
CEO Graham Parker said that the latest investment would support the company’s organic and accelerated growth, as well as the expansion of its software engineering team and integrators, its customer success team and additional data science professionals, which leads the development of proprietary algorithms and machine learning technologies enabling its services.
Gravity through the management of sourcing, suppliers, transportation, stock and back exercises over the developed inventory network on a worldwide premise, gathers and investigations ongoing information from outsider sources such as shipping line, carriers, ports and traditions powers, news and climate encourages and a huge number of other social signs to convey prescient bits of knowledge.
To date, it claims to have raised funding without a dependence on conventional seed or series based funding rounds; venture rounds have been stumbled against built up KPI's, empowering investors to pay out segments simply after the organization accomplished every development.
The company further said that supply chain managers could utilize the stage to distinguish where a disturbance may happen in their supply chains, suspect how it might influence their business, and utilize that data to make constant modification whilst executing their shipments.
Speaking on the development, Parker said, “You cannot improve what you cannot measure and you cannot measure what you cannot see. Supply chains are more fragmented and complex than ever, yet supply chain and logistics managers still rely on too many outdated technologies, and time-intensive manual processes such as spreadsheets and overflowing email inboxes, none of which provide complete visibility.”
“That’s why our goal is to enable businesses to automatically capture all the data across their supply chain, provide them with real-time actionable insights and the ability to execute their supply chain all on one platform,” he added.
“We provide our users with the ability to view and share information in real-time anytime, anywhere, to collaborate with all of their business partners and make timely critical business decisions” added Parker. “