Lyric Sings With $43.5 Million Round

<p><strong>SUNNYVALE<&sol;strong> &&num;8212&semi; Lyric&comma; an AI-powered platform transforming supply chain decision making&comma; has raised <span class&equals;"xn-money">&dollar;43&period;5 million<&sol;span> in Series B funding&period; The round was led by Insight Partners&comma; with participation from Primary Venture Partners&comma; Permanent Capital Ventures&comma; VMG Partners&comma; PSP Growth and NewBuild Venture Capital&period;<&sol;p>&NewLine;<p>Lyric says its revenue has grown 500&percnt; since emerging from stealth 18 months ago&comma; with enterprise adoption now spanning Fortune 500 companies across a range of industries&period;<b><&sol;b><&sol;p>&NewLine;<p>Supply chain teams are under growing pressure to make faster&comma; smarter decisions&comma; but many are held back by rigid tools that simply can&&num;8217&semi;t keep up&period; As Gartner notes&comma; &&num;8220&semi;today&comma; many of the activities associated with data&comma; including preparation&comma; transformation&comma; pattern identification&comma; model development and sharing insights with others&comma; lack augmentation and automation&period; While demands for more analytics-enabled and near-real-time decision making remain high&comma; technical hurdles and data quality concerns limit user adoption and opportunities to drive business outcomes from these solutions&period;&&num;8221&semi;&ast;<&sol;p>&NewLine;<p>To address this challenge&comma; Lyric built Lyric Studio&comma; a composable platform designed from the start to give customers the power to tailor decision-making intelligence to their unique needs&period; With seamless data integration&comma; a rich library of algorithms&comma; an intuitive workflow builder&comma; and a built-in experience layer&comma; Lyric puts advanced science in the hands of business users faster&comma; easier&comma; and with precision&period; It helps teams move quickly and make better decisions across modeling&comma; planning&comma; and frontier use cases&period;<&sol;p>&NewLine;<p>&&num;8220&semi;We chose Lyric as our next-generation supply chain design platform after thorough assessment of multiple considerations&period; Within a brief period&comma; we are already expanding our capabilities into many unique use cases with the speed and agility to meet our strategic objectives&period; Lyric&&num;8217&semi;s algorithmic horsepower and talented technical team are exceptional&comma;&&num;8221&semi; said <span class&equals;"xn-person">Natesh Rao<&sol;span>&comma; Supply Chain Leader at Mondel&emacr;z International&period;<b><&sol;b><&sol;p>&NewLine;<p>The new capital will accelerate Lyric&&num;8217&semi;s product roadmap&comma; expand its library of reusable supply chain logic&comma; and deepen its AI-driven capabilities for experimentation&comma; simulation&comma; and automation&period; The company will also invest in customer success&comma; onboarding&comma; and community programs as it scales platform access for global supply chain teams&period;<&sol;p>&NewLine;<p>&&num;8220&semi;This investment is more than a milestone&semi; it is a signal&comma;&&num;8221&semi; said Ganesh Ramakrishna&comma; Co-Founder and CEO of Lyric&period; &&num;8220&semi;Supply chains today are too complex and volatile for static software&period; Leaders need platforms that adapt to them&comma; not the other way around&period; We are proud to be building the next generation of supply chain infrastructure&period;&&num;8221&semi;<&sol;p>&NewLine;