April 19, 2016
Funding to accelerate leadership in actionable supply chain intelligence
MOUNTAIN VIEW, CALIF., April 19, 2016 – FusionOps, provider of the Supply Chain Intelligence Cloud, announced it has secured $25 million in Series C funding from both new and existing investors. The Series C round was led by Georgian Partners, with participation from existing investors including New Enterprise Associates (NEA) and Prabhu Goel, chairman of FusionOps. The new funding will be used to further extend FusionOps’ leadership in actionable intelligence for the supply chain, expand international sales operations, and continue investing in world-class customer success. In conjunction with this financing, Tyson Baber of Georgian Partners will join the FusionOps board of directors.
“FusionOps has rapidly become the trusted source for supply chain intelligence,” said Gary Meyers, CEO of FusionOps. “This funding is a testament to our accomplishments to date and our vision for supply chain intelligence in the cloud. Given their deep expertise with applied analytics, we are pleased to have Georgian Partners lead this new funding.”
“FusionOps has established itself as the leader in actionable supply chain intelligence,” said Tyson Baber, Georgian Partners. “There’s no shortage of supply chain data, but it tends to live in disconnected silos across the enterprise. FusionOps is unique in their ability to harmonize and deliver actionable intelligence from that data no matter where it resides. We’re impressed with their advanced use of applied analytics and look forward to joining the team.”
Strong Growth in 2015
The new financing follows a year of strong performance across the board for FusionOps in which annual recurring revenue (ARR) grew 150%, the number of users grew 79%, and platform usage soared 123%. In addition to new supply chain content, predictive analytics capabilities, and support for retail and pharmaceutical customers, FusionOps also introduced in 2015 new integration APIs and further integrations with SAP® Advanced Planning & Optimization (APO), JDA Software, Oracle JD Edwards EnterpriseOne, and Salesforce.com.
Thousands of users worldwide rely on the FusionOps supply chain intelligence cloud as the trusted source for getting actionable knowledge about their supply chain. FusionOps provides an advanced big data platform, embedded data science that puts advanced analytics in the hands of business users, and pre-built supply chain models specific to the supply chain that accelerate time to insights.
About Georgian Partners
Georgian Partners is a thesis-driven growth equity firm investing in SaaS-based business software companies. Founded by successful entrepreneurs and technology executives, Georgian Partners leverages our global software expertise to be able to directly impact the success of companies. For more information, visit www.georgianpartners.com or follow @GeorgianPrtnrs on Twitter.
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