FusionOps Raises $25 Million in Series C Financing

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.

In conjunction with this financing, Tyson Baber of Georgian Partners will join the FusionOps board of directors.

“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.”

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.

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