LevaData, a San Jose CA-based provider of a supply management software platform that delivers an integrated artificial intelligence (AI) platform to transform direct material sourcing and accelerate new product development, raised $47 million in Series C funding.

The round was led by Banneker Partners with participation from Tola Capital.

The company intends to use the funds to accelerate its growth.

Company: LevaData, Inc.

Raised: $47.0M

Round: Series C

Funding Month: September 2021

Lead Investors: Banneker Partners

Additional Investors: Tola Capital

Company Website: https://levadata.com/

Software Category: AI-powered supply management platform

About the Company: Led by Rajesh Kalidindi, CEO and Founder, LevaData provides an AI-powered supply management platform that transforms direct material sourcing, mitigates risks, and improves product development. Customers include large and complex enterprise companies, as well as small- and medium-sized OEMs. Its partnership community currently includes Bain & Company, Kinaxis, IBM, PTC, and RapidRatings.

Source: https://www.finsmes.com/2021/09/levadata-raises-47m-in-series-c-funding.html