Details of the investment tour, in which Sabanci Ventures also participated, have emerged today. According to the information provided by Supply Chain Wizard, the venture received an investment of $10 million in the A series investment round.
We recently informed you that the digital factory platform Supply Chain Wizard (SCW.AI) received an investment of $1.5 million from Sabanci Ventures. Details of the investment tour, in which Sabanci Ventures also participated, have emerged today. According to the information provided by Supply Chain Wizard, the venture received an investment of $10 million in the A series investment round.
SCW.AI’s $10 million Series A investment round was led by Panoramic Ventures. Apart from Panoramic Ventures, Cenk Coskunturk, a partner of Sabanci Ventures, Birthing of Giants and Mediterra Capital private equity firm, participated in the investment tour.
SCW.AI shared that this investment will help manufacturers build the smart and digital factories of the future they need to achieve autonomous supply chains.
Established in the USA in 2014 by Evren Ozkaya, Supply Chain Wizard aims to increase the quality and performance in production by providing close monitoring of production performance, workforce and operational activities with the supply chain and factory management platform it offers, digitizing all production processes and automating data collection.
Stating that production is one of the least digitized parts of global supply chains, SCW.AI founder and CEO Evren Ozkaya said, that factories have difficulty in keeping up with the agility, efficiency and transparency required to respond to the ever-changing supply-demand balances in today’s dynamic and highly digitalized trade.
Ozkaya also stated that, with the support of their investors, they will further strengthen their digital factory software, which has been developed as result-oriented, easy to use and scalable, and which has proven its success in the market, to solve this big problem, and to open up to new markets. He added that SCW.AI will continue to add value worldwide with its strategy of providing all the technological solutions needed by manufacturers as a single and integrated platform.
Source: Webrazzi / Translated by Irem Yildiz