Participated · Series B · Aug 2019

ParkourSC (formerly Cloudleaf) offers a real-time supply chain operations platform powered by hyper-scale graph modeling, AI/ML, and massive real-time data ingestion from IoT and contextual signals. The platform provides continuous visibility into variance from plan, predictive risk mitigation, quality and compliance controls, and aims to eliminate waste and improve resiliency without requiring costly changes to existing infrastructure. ParkourSC has notable traction in temperature-controlled pharmaceutical and life sciences supply chains, claims deployments delivering millions of dollars in ROI, and has established partnerships with cold-chain packaging players such as CSafe Global and Cold Chain Technologies. The company reports continued 300% year-over-year growth in both bookings and ARR for the last two years and has expanded its carrier ecosystem to over 800 carriers and integrations with TMS platforms like MercuryGate and BlueYonder. ParkourSC also maintains an extensible IoT and sensor partner footprint including Qualcomm, Zebra, Sensitech, Tive, Roambee, Wiliot and others. The new funding will support continued revenue growth, leadership hires, engineering expansion in the U.S., India and other regions, and extension of the go-to-market footprint into EMEA. Cloudleaf builds a Supply Chain Digital Visibility Platform that combines IoT, AI/ML and advanced analytics to create a digital twin of the supply chain and process billions of events per second. The platform delivers diagnostic and predictive insights for location, environmental conditions (temperature, humidity, shock), utilization and anomaly detection. Customers reportedly achieve up to 5x improvements in visibility, first-year ROI as high as 70x, and annualized value in the tens of millions of dollars. Cloudleaf serves enterprise customers across pharmaceuticals & life sciences, food & beverage, advanced manufacturing and other industries. The company plans to use new capital to expand its addressable markets, geographic footprint and enterprise customer base. Financially, the company has raised $26 million in the announced Series B, bringing total institutional funding to $39 million. Cloudleaf offers Sensor Fabric™, a mesh of intelligent IoT sensors, endpoints, gateways and cloud technologies that generate a unique digital fingerprint for assets with location and contextual metadata such as temperature, shock and vibration. A patented location engine, middleware and cloud applications transform that metadata into actionable insights, with dashboards for alerts, metrics, trends, analytics and KPIs. The company provides an extensive library of APIs, SDKs and pre-built connectors for integration with ERP, MRP, MES and analytics systems. Initial vertical focus is manufacturing, distribution and pharmaceutical, and Cloudleaf says it is rapidly building solutions applicable to other industry verticals. Key customers named in the article include ArcelorMittal, Dickten Masch Plastics, Magna and Shire. The company announced a $13 million Series A to support commercialization and further product innovation.

Participated · Series A · May 2018

Avaamo builds deep-learning conversational AI intended to let humans speak, interact, transact and complete business workflows without human intervention, positioning Conversational AI as the new UI. The company has expanded its award-winning technology into new markets and says it has scaled SaaS revenue while preserving shareholder value and capital efficiency. Avaamo was cited as one of the fastest growing companies on the INC 500 list for 2021. The firm plans to use outside capital to continue global hypergrowth and accelerate go-to-market efforts. The announcement highlights partnership-focused, capital-efficient growth but does not disclose specific revenue or user metrics in the release. Avaamo provides a conversational AI platform that enables enterprises to deploy omnichannel intelligent assistants for supply chain, HR, sales support, claims processing and insurance advisory. The company serves customers in finance, mutual funds, telco, retail and healthcare industries. Avaamo was founded by Ram Menon and Sriram Chakravarthy and is based in Los Altos, CA. The platform is marketed to enterprises seeking to automate and improve customer and internal workflows. The company intends to use the new funds to expand its sales and marketing efforts. No operating metrics were disclosed in the article. Avaamo is a mobile-first enterprise messaging app designed to provide simple, secure communications for a largely mobile workforce. The app resembles consumer messaging tools but adds enterprise-grade encryption, administrative controls and an ephemeral “off-the-record” mode. It supports secure messaging both inside and outside organizations, a separate in-company contact list, and an API to integrate with business applications and send notifications. The founders, Ram Menon and Sriram Chakravarthy, previously built TIBCO’s enterprise social network tibbr. Avaamo raised $6.3 million in seed financing to expand deployment and embed the app in more enterprises. The company plans to grow distribution both by having users install the app and through partnerships with enterprise service providers who will pre-install it.