Valdera, a San Francisco, CA-based provider of an AI-driven sourcing platform for chemicals and raw materials, raised $15M in Series A funding.
The round was led by Index Ventures. Susa Ventures, Lerer Hippeau, and Box Group also participated. Other investors including current and former executives from Procter and Gamble, Estee Lauder, Unilever, Nestle, Bayer, Henkel, Polycoat, and SAP Ariba joined as investors and advisory board members.
The company intends to use the funds to expand operations and its business reach.
Founded by Sruti and Dheev Arulmani, Valdera is a provider of an AI-powered sourcing platform for chemicals and raw materials. Its market intelligence empowers manufacturers to diversify supply risk, combat inflation, and drive sustainability. The platform leverages data science and ML to automate the most tedious steps in supplier discovery, qualification, and engagement. The company helps companies lower costs, drive supply chain resiliency, and speed up time-to-market. It partners with manufacturers, ranging from CPG manufacturers to household names in the beauty industry.
FinSMEs
04/10/2024