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Elementum Lands $60M

       
MOUNTAIN VIEW, CA, Elementum, which offers mobile software for supply chain management, exited stealth mode this February with over $60 million in funding.
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Today, enterprise startup Elementum announced the addition of five new investors-Aaron Levie, Dave Duffield, Jerry Yang, Jim Davidson, and Mike Frandsen-as well as new members to its board of advisors. The company, which offers mobile software for supply chain management, exited stealth mode this February with over $60 million in funding from Lightspeed Venture Partners and Flextronics (NASDAQ: FLEX).

ADDITIONAL INVESTORS:

Dave Duffield, co-founder and co-CEO, Workday
Aaron Levie, co-founder and CEO, Box
Jerry Yang, co-founder, Yahoo!; founding partner, AME Cloud Ventures
Mike Frandsen, VP of products, Workday
Jim Davidson, co-founder and managing director, Silver Lake Partners

Jim Davidson is also a member of the company's board of directors.

ADDITIONS TO BOARD OF ADVISORS:

Dave Duffield, co-founder and co-CEO, Workday
David Dibble, former EVP, service engineering and operations, Yahoo!
David Henke, former SVP, engineering and operations, LinkedIn
Aneel Bhusri, co-founder, chairman, and co-CEO, Workday

'With the creation of the world's first supply chain graph, Elementum isn't just disrupting the industry, they're rewriting the rules.'
Aaron Levie, co-founder & CEO, Box

BUILDING MOMENTUM
Every few years or so, there's a distinct shift in awareness within Silicon Valley; a movement that changes the way we think about technology. The app gold rush, big data analytics, the almighty cloud-all recent examples. But what if there was a shift that affected more than just technology? Think about it-the food on your plate, the shoes you wear, even the medicine you take-they're all dependent on the functionality of your supply chain. So if you're waiting for new kicks in 2014, why are you relying on technology from 1992 to get it? You shouldn't.

And the Valley's most successful entrepreneurs agree. That's why they're bringing their experience and foresight to helping Elementum engage customers of all sectors-consumer, automotive, pharmaceutical, and energy (just to name a few)-to prove that any company in any industry can and should modernize their supply chain.

SIMPLY INNOVATIVE
With a unique approach to supply chain management, Elementum provides bite-sized apps that run on a single platform-optimized for a modern, mobile workforce. And the company's unique supply chain graph securely shares data within and across enterprises, eliminating millions of dollars in license and integration costs. Customers receive instantaneous visibility and actionable information across multi-enterprise supply chains, offering the control and flexibility not available in legacy systems.

'Elementum is uniquely positioned to transform the way businesses operate by bringing strategic processes from on-premise manufacturing and supply chain to the cloud-greatly enhancing the cloud computing vision for the enterprise.'
Dave Duffield, co-founder & co-CEO, Workday

JOIN THE MOVEMENT
Elementum is hiring for a wide variety of talent at its Mountain View headquarters; check out their LinkedIn profile for more info.

ABOUT ELEMENTUM
Elementum makes supply chain simple. By bringing together the latest in big data, cloud, and mobile technologies, Elementum delivers accurate and real-time supply chain information, optimized for today's mobile workforce. Elementum is building the world's first multi-enterprise supply chain graph, eliminating millions of dollars in license and service costs that OEMs must spend to integrate all of their supply chain partners. Elementum's customers span the automotive, healthcare, industrial, and technology sectors. For more information, visit www.elementum.com.
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