SCW.AI by Supply Chain Wizard, an Atlanta, Georgia-based next-generation digital factory platform for self-driving supply chains, announced that it raised $10 million in Series A venture funding.
The round was led by Atlanta-based venture capital firm Panoramic Ventures, with participation from abanci Ventures, Birthing of Giants, and Cenk Coskunturk.
The funds will be used to further accelerate software product innovation, expand its global presence and invest in sales, marketing & partnership initiatives.
SCW.AI will further invest in innovation, especially in the pharmaceutical manufacturing industry, and build on its platform strategy to provide manufacturers with the right visibility, productivity, and decision-support tools for accelerating their digital transformation programs.
“Manufacturing is one of the least digitized parts of global supply chains; hence manufacturing industries are struggling to keep up with the agility, efficiency, and transparency required to meet ever-changing demand patterns in today’s highly digital commerce,” said Evren Ozkaya, Ph.D., Founder, and CEO of SCW.AI, who was a former management consultant at McKinsey & Company and former supply chain executive at Novartis. “With the support of our investors, we will be focusing on solving this massive problem with our proven digital factory solutions that are market tested and optimized for results, user adoption, and scalability.”
SCW.AI was recently spun off from industry-leading management consulting organization, Supply Chain Wizard, as a fully independent Software-as-a-Service (SaaS) company with its Digital Factory platform serving manufacturing companies of all sizes, from Fortune 100 companies to small and medium-sized manufacturers.
Company: Supply Chain Wizard
Round: Series A
Funding Month: December 2022
Lead Investors: Panoramic Ventures
Additional Investors: abanci Ventures, Birthing of Giants, and Cenk Coskunturk
Company Website: https://scw.ai/
Software Category: SaaS Digital Factory Platform
About the Company: SCW.AI by Supply Chain Wizard is a new entity serving manufacturing companies of all sizes with its SaaS Digital factory platform. It specifically focuses on regulated industries (pharma, food, and beverage) to bring speed, simplicity, and scalability to digital transformation programs. SCW.AI, a two-time Inc. 5000 honoree and a Gartner Cool Vendor in Supply Chain Execution Technologies, is an innovative Software-as-a-Service (SaaS) firm and a global leader specializing in a digital factory and digital supply chain solutions. SCW partners with manufacturers in designing, developing, and implementing scalable digital solutions using state-of-the-art technologies such as IoT, artificial intelligence, and machine learning through its cloud platform to enable end-to-end digital supply chain transformations in the life sciences, pharmaceutical, and consumer goods industries. SCW is dedicated to adding sustainable value through data-driven decision-making, from shop floors to executive boardrooms.