MOUNTAIN VIEW — 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.”
In the past year, FusionOps said annual recurring revenue (ARR) grew 150%, the number of users grew 79%, and platform usage soared 123%.
“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.”