Friday, March 24, 2017

Paradata Raising $10M

San Jose-based Paradata announced on Thursday that it is near the close of a $10M, Series A1 funding round, for the company's cloud-based supply chain software. The funding is being led by Richmond Global and PivotNorth, and also includes SAP.io; the company did not say how much of the funding round has been filled. Paradata says it uses machine learning and expert systems to provide manufacturers, distributors, and suppliers real-time insights into part and component costs, compliance, lead time and other go-to-market risks. The company is led by CEO Debbra Rogers. More information »