Algo, a Troy, Mich.-based supply chain technology company, raised $15m in funding.
Integrity Growth Partners led the investment, alongside partners including The K Fund. As part of the transaction, Scottie Wardell, Managing Partner at Integrity Growth Partners will join Algo’s board of directors.
The company will use the capital to continue to expand operations and its business reach.
Led by Amjad Hussain, CEO, Chairman and founder, Algo is a SaaS software platform used by Fortune 500 enterprises to analyze, drive, predict, and prescribe critical business data and functions, including demand and inventory planning, sales forecasting, product lifecycle management, and category optimization. Customers communicate with Algo’s virtual supply chain bot through natural language to increase sell-through, optimize inventory, minimize returns, and drive various other forms of measurable ROI across the enterprise.
FinSMEs
18/02/2020