Tuesday, August 30, 2011

Kenandy Raises $10.5M

Redwood City-based Kenandy, a developer of cloud-based manufacturing, inventory management, engineering, purchasing, production, and requirements planning software, said yesterday that it raised $10.5M in a Series A funding round. The round was led by Kleiner Perkins Caufield & Byers, along with Salesforce.com and Wilson Sonsini Goodrich Rosati. Ray Lane of KPCB joins the firm's board with the round. Kenandy is headed by Sandra Kurtzig, prior founder, CEO and Chairman of the ASK Group. More information »