Leverage, a New York-based artificial intelligence-driven supply chain visibility platform, announced that it raised $5 million in a funding round that includes Las Olas Venture Capital, Great Oaks Venture Capital, the Gaingels investment syndicate, and entrepreneur Mark Cuban.
The funds will be used to rapidly expand software engineering and customer support teams to meet growing demand.
Company: LVRG, Inc.
Funding Month: February 2022
Lead Investors: Las Olas Venture Capital, Great Oaks Venture Capital, the Gaingels investment syndicate, and Mark Cuban
Company Website: https://www.tryleverage.ai/
Software Category: Supply chain management and visibility platform
About the Company: Nadav Ullman and Andrew Stroup started Leverage after decades of solving supply chain issues on a global scale including for the White House, General Motors, and Bank of America. Leverage is the modern-day supply chain management and visibility platform, that provides automated end-to-end visibility into purchase orders and shipments. The Leverage platform is a single centralized dashboard for users to view the real-time status on any purchase order — including supplier-side shipment updates — as well as demand planning, automating requests for quotes, and receiving notifications for any disruptions. Leverage’s mission is to build long-term supply chain sustainability through end-to-end visibility across the entire lifecycle to include planning, bill of materials, purchase orders, shipments, inventory, and everything in between.