Supply chain visibility and asset-tracking solutions firm will use funding to expand its geographic footprint and customer base.
Logistics technology start-up Cloudleaf, Inc. has raised $26 million in a new funding round, the company said Wednesday.
The San Francisco-based provider of digital supply chain tracking solutions said it will use the funding to expand its geographic reach and customer base. The round was led by Intel Capital and WRVI Capital, with participation from existing and incoming investors BluePointe Ventures, Bold Capital Partners, Mahindra Partners, and Tandem Capital, according to the company. The financing brings Cloudleaf’s total institutional funding to $39 million.
Cloudleaf’s cloud-based Digital Visibility Platform monitors supply chain operations through a combination of Internet of Things (IoT) technology, artificial intelligence, machine learning, and advanced analytics. The system tracks assets and provides end-to-end insight into supply chain operations, from suppliers, through production and distribution, to customers. The technology monitors assets and delivers real-time information that companies can use to address problems and for predictive maintenance. The system tracks location, environmental conditions (such as temperature, humidity, and shock), utilization, and anomaly detection, according to Cloudleaf.