The $8 million Series A was co-led by Forte Ventures and Flyover Capital. The round includes new investment from BMW i Ventures and continued participation from Glasswing Ventures, Zetta Venture Partners, Kubera VC, and Engage. The funds will be used to support the company's seven-fold sales growth in 2020, including its global expansion and scaled delivery of its purpose-built AI, machine learning (ML) and neural network technologies to create the self-learning supply chain for customers in more than 25 countries.

Verusen is a Supply Chain Intelligence company focused on materials management that uses AI to provide complex global supply chains material truth for data, inventory optimization, and procurement intelligence. The company's platform harmonizes disparate material data across many ERP instances/systems while providing trusted data across the enterprise to reduce inventory costs and build trust in production uptime. The result is a data foundation you can trust to fuel digital transformation and support related Industry 4.0 initiatives.