Upchain offers a cloud-based product lifecycle management (PLM) platform that integrates disparate data sources from clients and suppliers to give all parties real-time access to rapidly changing product and engineering data. The platform is designed to replace spreadsheets, emails and FTP sites, and the company says it can get organizations up and running in minutes with a scalable solution. According to Upchain, clients can bring products to market faster and with better quality, reducing time to market by 20 to 50 percent. The company will use the new funding to expand its solution and support business development into the US and Europe. Upchain is a portfolio company of Ottawa-based SaaS accelerator L-SPARK. The company recently raised $7.4 million to support these plans and continued product development.

Total raised

$7M

Funding rounds

1

Latest round

Equity

Latest activity

Feb 2018