LevaData

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About

LevaData helps global enterprises improve gross margins by reducing supply chain costs, with a focus on delivering measurable and accountable supply chain solutions and strategies that transform companies. The unique LevaData Cognitive Sourcing™ Platform allows customers to sense, recommend, act, and learn. Customers include leaders in the top global supply chain organizations, as well as medium-sized OEMs seeking...

Rajesh Kalidindi
Founder & CEO
Rajesh Kalidindi
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Adeel Najmi
Chief Product Officer
Akwasi Peprah
SVP of Operations
Backiaraj Irudayaraj
Chief Technology Officer
Scott Morgan
Chief Revenue Officer

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Product announcement

LevaData Introduces the World’s First Suite of Supply Management Software

LevaData Introduces the World’s First Suite of Supply Management Software

SAN JOSE, Calif. September 27, 2021 (BUSINESS WIRE) – LevaData, the industry-leading supply management software company that delivers an integrated artificial intelligence (AI) platform to transform direct material sourcing and accelerate new product development, announced today that it made generally available a new suite of applications. This innovation comes immediately following a $47 million fundraise led by Banneker Partners with participation from Tola Capital and after the company experienced significant global revenue growth during the first half of 2021. This new suite is the world’s first integrated solution for direct material sourcing. It includes four distinct modules to help manufacturers optimize costs and mitigate risks through all stages of the product lifecycle. This revolutionary platform delivers competitive advantages, including: Market Intelligence: Integrated external and outside-in market intelligence with insights about each customer’s unique direct material spend and supply chain network. Community Intelligence: Exclusive community intelligence on supply trends, such as parts availability, pricing, lead times, and holistic supplier performance. Predictive Intelligence: Ability to scan millions of news sources and supplier continuity scenarios at a site-level for insights regarding disruption events around the globe before they impact supply. Product Velocity: Ability to accelerate new and existing product launches by optimizing costs and risks with digital collaboration between engineering, sourcing, and supplier networks. Negotiation Playbook: Prioritized recommendations for availability, costs, and risk mitigation strategies for products, components, and individual commodities. An important driver for these innovations is the distinct lack of software and automation tools specifically designed for global manufacturing companies’ direct material sourcing and procurement teams. Heavily customized ERP systems, cumbersome manual processes, or procurement software designed for indirect fulfillment are no longer effective or sustainable. LevaData has embraced this challenge by collapsing millions of different data elements into a single source of truth. This new application suite removes blind spots and creates deeper supply awareness. More specifically, LevaData captures relevant market and community intelligence for unparalleled visibility into supply and sourcing data trends. This includes an immediate assessment of costs and parts availability in the context of potential supplier risk scenarios for both new and existing products. By utilizing AI and machine learning (ML), the new platform analyzes procurement objectives against market activity to generate accurate predictions and customized recommendations. With an integrated executive center, critical trends and recommendations are under constant analysis and presented to users in one holistic view. This streamlined experience empowers quick collaboration and more decisive actions. “We’re thrilled to offer a comprehensive and data-driven platform that provides outside-in, actionable insights,” says Rajesh Kalidindi, Founder and CEO of LevaData. “This new platform is yet another step in our relentless mission to turn direct material sourcing into a competitive advantage for enterprises.” LevaData’s latest offering gives supply management teams everything they need to improve margins and ensure a resilient supply of direct materials. “LevaData is the only integrated platform purpose-built for direct materials sourcing optimizations,” says Adeel Najmi, Chief Product Officer at LevaData. “It analyzes proprietary insights, as well as industry and community intelligence to provide actionable cost reduction and risk mitigation recommendations.” About LevaData LevaData’s integrated, AI-powered supply management software platform transforms direct material sourcing, mitigates risks, and accelerates new product development. We power the smartest supply chains in the world by constantly analyzing business objectives against real-time market activity and community intelligence. We are trusted to deliver improved margins, control risks, generate new product velocity, and achieve multi-tier supplier engagement with purpose-built tools for quick collaboration and decisive actions. LevaData creates a competitive advantage with transformational and predictive insights. Customers include large and complex enterprise companies, as well as small- and medium-sized OEMs seeking to achieve best-in-class supply management practices. For more information on LevaData, please visit us at levadata.com.

Funding announcement

LevaData Raises $47M in Series C Funding

LevaData Raises $47M in Series C Funding

LevaData Raises $47M in Series C Funding San Jose, Calif., September 13, 2021 (BUSINESS WIRE)– LevaData, the industry-leading supply management software company that delivers an integrated artificial intelligence (AI) platform to transform direct material sourcing and accelerate new product development, announced today that it raised $47 million in Series C funding. This strategic investment, led by Banneker Partners with participation from its pre-existing investor, Tola Capital, comes after the company experienced significant global revenue growth during the first half of 2021. “This partnership with Banneker will help catalyze procurement and sourcing transformation at scale for our customers by creating agility and sustainable value with our AI-based platform,” said Rajesh Kalidindi, CEO and Founder of LevaData. “Our mission is to make supply management and direct material sourcing a competitive advantage. This new funding will also help accelerate buildout and value delivery for our buyer, supplier, and partner community.” Global supply chains continue to experience significant and unprecedented challenges. Volatility is creating board-level dialogue for improved supply continuity and deeper market intelligence that only digital transformation can deliver. Companies must think differently and execute more decisively. LevaData offers supply management teams the predictive insights needed to act before cost and events negatively impact margins or speed to market. Many of the world’s largest brands rely on LevaData. “We’re thrilled with this partnership,” said Stephen Davis, Managing Partner at Banneker Partners. “We clearly see how global manufacturers are battling supply shortages while trying to determine how to manage an entirely remote business environment. We firmly believe that LevaData is uniquely positioned to help companies maintain resiliency, agility, and success while navigating these complexities.” This new investment and partnership will help LevaData accelerate its growth strategies at a time when its customers and primary markets are most vulnerable and need them most. Areas of investment priorities include the continuous improvement of their integrated platform capabilities, a deeper physical presence in key global markets, and the creation of hundreds of new jobs. It will also enable the expansion of an already thriving partnership community, which currently includes Bain & Company, Kinaxis, IBM, PTC, and RapidRatings. “The quality, cost, and reliability of your direct materials impact your product brand, gross margin, and ability to meet the demand for your products. We look forward to the next stage of growth for LevaData, as they continue enabling sourcing and procurement leaders to contribute direct business value with the decisions they can make with AI-driven guidance at their fingertips,” said Tola Capital Partner, Aaron Fleishman. About LevaData LevaData’s integrated, AI-powered supply management platform transforms direct material sourcing, mitigates risks, and accelerates new product development. We power the smartest supply chains in the world by constantly analyzing business objectives against real-time market activity and community intelligence. We are trusted to deliver improved margins, control risk, generate new product velocity, and achieve multi-tier supplier engagement with purpose-built tools for quick collaboration and decisive actions. LevaData creates a competitive advantage with transformational and predictive insights. Customers include large and complex enterprise companies, as well as small- and medium-sized OEMs seeking to achieve best-in-class supply management practices. For more information on LevaData, please visit us at levadata.com. About Banneker Partners Banneker Partners invests in growing, mission-critical software businesses to drive long-term, sustainable value. Banneker collaborates with management teams through capital, strategic, and operational support to enable accelerated growth guided by the focus on enhancing value to the end customers of the software. The four partners at Banneker have over 94 years of software investing and operating experience and have worked with companies ranging from $5 million to $1 billion in revenue. Banneker has developed an in-depth understanding of supply chain and manufacturing verticals, which has led to a track record of successful partnership in these software businesses, including with companies like IQMS, EverAg/Dairy.com, and Orbis MES. For more information on Banneker Partners, visit www.bannekerpartners.com.

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