The new funding was led by venture capital firm, Kinetic Ventures.

'We are excited to work with our new VC partner, Kinetic Ventures, and look forward to a mutually beneficial partnership with them,' said PlumSlice Labs CEO and founder Abnesh Raina. 'This funding will help us to continue our efforts to make the intersection of digital commerce and supply chain ecosystems cohesive for an exceptional customer experience.'

PlumSlice leverages state-of-the-art cloud collaboration, mobile, and automation techniques to help its customers accelerate time to market, maintain customer satisfaction and increase enterprise productivity. Its next generation of SaaS based collaboration tools are designed for global retailers to better manage product and supplier workflows, and selling of their products. Uniting all the stakeholders including internal employees, external partners, and vendors, a single highly productive team is created. This approach enables retailers to better handle the challenges of the omnichannel environment effectively and efficiently.

'The PlumSlice application suite delivers unmatched collaboration and functionality to the digital commerce vertical,' said William Heflin, Managing Director at Kinetic Ventures. 'We look forward to partnering with the executive team as they further scale and expand the transformative reach of their SAAS product line.'

About Kinetic Ventures

Kinetic Ventures is a venture capital investor in high growth, industry defining information, communications, and power/clean technology companies. For over three decades Kinetic has partnered with outstanding entrepreneurs to build world-class enterprises. Kinetic has backed industry defining companies like Predictix, AnyPresence, Cardlytics, Ciena, VerticalOne, Corvis, Cerent, Peace Software, Broadware, APX, Calix, Altierre, SmartSynch, Clear Standards, and Cyan. For more info: www.kineticventures.com.

About PlumSlice Labs

Headquartered in San Francisco, Calif., PlumSlice Labs is a leader in the development of collaborative product and supplier cloud applications for digital commerce ecosystems. By leveraging the latest developments in cloud collaboration, mobile business technology, and automation techniques it provides a suite of web and mobile apps to help retailers select, manage and sell their products more economically, creatively, and efficiently. For more info: http://www.plumslice.com/