RALEIGH, NC, Relay, the system of action for physical operations, announced it has raised $36 million in new funding.
Relay, the system of action for physical operations, announced it has raised $36 million in new funding, bringing total capital raised to over $90 million. Relay's latest funding round, which was significantly oversubscribed, represents a powerful alignment among industry leaders with Relay's vision for the future of frontline work: one that is safer, better connected, and empowered with the spoken intelligence of its workers.
As a signal of Relay's growing leadership in industrial digital transformation, the round was led by International Paper, a Fortune 500 leader in sustainable packaging solutions, with more than 125 years of manufacturing experience. Other new investors include clients of Cerity Partners, a nationally recognized wealth and investment management firm with over $200 billion in assets under management which also manages venture investments for Fortune 500 companies, Harmonic Growth Partners, a leading expansion-stage investor that pairs experienced investors with successful former venture-backed CEOs to help management teams navigate the challenges of scale, and Thayer Investment Partners, who partners with corporate leaders representing many of the world's top hospitality brands. Earlier lead investors G2 Venture Partners and Wind River Ventures also increased their investments in this round.
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