Cloudleaf Announces $26 Million in New Investment and Rebrand to ParkourSC
Leader in real-time digital supply chain operations lands further investments after continued 300% growth in both bookings and annual recurring revenue (ARR)
SAN JOSE, Calif.--(BUSINESS WIRE)--Cloudleaf, Inc., a real-time supply chain operations platform, today announced a strategic company rebrand to ParkourSC, highlighting the need for innovation, agility, flexibility, and speed to enable timely decisions in today’s global supply chains. As the first order of business under its new name, ParkourSC is announcing the closing of a $26 million investment led by Cota Capital and included industry luminaries such as John Chambers, former Executive Chairman and CEO of Cisco and current founder and CEO of JC2 Ventures.
McKinsey predicts that over the course of a decade the average company will lose half of a year’s profits due to supply chain disruptions. Today’s supply chain managers must manage constant disruptions like economic instability, uncertainty over demand, unexpected delays in raw materials and logistics, and operations stoppages due to lack of resources. ParkourSC provides an agile, real-time platform to business leaders and supply chain executives that enables innovation and resilience in the face of disruption, all without the need to make costly changes to their existing technologies and infrastructure.
“Supply chain disruptions remain a number one issue for CEOs across industries, underscoring that there are many opportunities for innovation, improved efficiency, and more reliable resiliency,” said John Chambers, CEO of JC2 Ventures. “Supply chain operators today are faced with endless challenges and require tools that enable them to make well-informed decisions at any given moment. ParkourSC is arming the industry with a more transparent view across every aspect of supply chains, allowing their customers to remain agile in a way that has never been done before.”
The latest investment in the business was led by JC2 Ventures, Cota Capital, and Sigmas Group, with participation from previous investors, BOLD Capital Partners, Celesta Capital (previously WRVI Capital), and Intel Capital. The funds will support ParkourSC’s continued revenue growth; leadership additions; engineering team expansion in the U.S., India, and other regions; and an extension of the GTM footprint into EMEA.
“We are excited to partner with ParkourSC, which has developed an advanced, scalable supply chain management platform that aims to provide complete real-time visibility and transparency across the entire network,” said Bobby Yazdani, partner and founder of Cota Capital. “We look forward to working with the talented ParkourSC team, as we believe in the company’s vision and expertise to address the ever-increasing global supply chain challenges.”
ParkourSC has already seen monumental success in supporting temperature-controlled supply chain operations for pharmaceutical and life sciences organizations, including:
- Achieved continued 300% growth in both bookings and ARR year over year for the last two years
- Deployed solution with leading Pharmaceutical, Life Sciences and Industrial companies delivering millions of dollars in ROI
- Established significant partnerships with major cold-chain packaging players, including CSafe Global and Cold Chain Technologies
- Expanded its carrier ecosystem to over 800 carriers and TMS platforms like MercuryGate International, and BlueYonder
- Established footprints with extensible IoT and sensor providers from Qualcomm, Zebra, Sensitech, Elpro, OnAsset, Nimbelink, Adapt Ideations, 7P Solutions, EyeSeal, Tive, Roambee, Quuppa, Wiliot and others through Parkour's extensible data platform
“Business leaders and Supply Chain executives need new capabilities to shock-proof their supply chain against volatility and risk. ParkourSC delivers the only Real-Time Supply Chain Operations platform that provides end-to-end visibility and agility to prevent waste, increases transparency to boost customer satisfaction, and enables strategic innovation to improve supply chain resiliency,” explains Mahesh Veerina, CEO at ParkourSC. “We've built a strong ecosystem of technology partnerships and carriers that underlie 90% of the global supply chain for pharmaceutical and cold-chain packaging today, and we will use this new investment to establish ourselves further as the leader in digital supply chain operations excellence.”
ParkourSC delivers agility and transparency into supply chain operations to drive strategic innovation and resilience, enable timely decisions, boost customer satisfaction, and increase revenue. Our real-time supply chain operations platform is powered by next-generation technologies such as hyper-scale graph modeling, AI/ML, and massive real-time data ingestion from IoT and other contextual signals. Customers use ParkourSC to digitize their supply chain quickly and easily; gain continuous visibility into variance from plan at any point and any level in the supply chain; predict and mitigate risks and excursions; ensure quality, compliance and sustainability; and eliminate millions of dollars of waste. For more information, visit: ParkourSC.com