ThroughPut, a Palo Alto, CA-based provider of a Supply Chain AI Optimization platform, raised $6 million in Angel funding.
The backers were industry angels, domain experts, Family Offices, Industry Executives, experienced GPs, Advisors, and Thought-Leaders seeped into Supply Chain, Operations, Manufacturing, Logistics, Artificial Intelligence, Machine Learning, and Industrial Finance.
The company intends to use the funds to accelerate growth, accelerate product development, and scale the organization.
Company: ThroughPut Inc.
Round: Angel Funding
Funding Month: April 2022
Lead Investors: Undisclosed
Additional Investors: Undisclosed
Company Website: https://throughput.world/
Software Category: AI-powered supply chain management software
About the Company: Led by Ali Raza, Founder, and CEO, ThroughPut is a Supply Chain AI company that extends visibility into actionability by tapping into existing data to accelerate the sustainable material flow, free cash flow, logistics distribution, and higher OTIFs to optimize costs, reduce CO2 emissions and grow efficiencies across end-to-end value chains. The Supply Chain AI Orchestration software sits on top of existing data architectures to analyze, visualize and offer actionable recommendations for the greatest positive impacts and prioritization of their businesses. The software has already optimized over 40 million operational processes across clients’ global supply chain networks to minimize the wastage of resources and drive sustainable solutions. It supports organizations around the globe, including some of the largest food processing, packaging, building materials, cement, retail, and government entities in the world.