Resilinc makes supply chains smarter with its pioneering AI-powered risk management platform
Milpitas, CA – September 14 2016.
Resilinc announced today that it has received a new investment round from Bright Success Capital, Procyon Ventures and Salesforce Ventures to accelerate the development of its predictive analytics solution. Resilinc is a leading provider of supply chain resiliency and risk management solutions, built on the Salesforce platform. The company has mapped the supply chain genome for high tech, life sciences and automotive industries, and helped deliver revenue assurance for its Fortune 100 customer base in these industries.
“The extensive and unique supply chain intelligence available on the Resilinc platform, when combined with historical operations data, can yield rich insights into predicting how a supply chain will perform on key metrics such as revenue attainment, cost savings achievement, on time delivery and inventory turns.” said Bindiya Vakil, CEO and founder of Resilinc. “Advanced machine intelligence enables our customers to better predict how their supply chain will perform, and more importantly, prescribe what strategies will enable them to turn problems into opportunities for growth.”
Millie Liu, founding partner of Procyon Ventures, says the firm was attracted to Resilinc's novel approach to solving a key, real-world problem, stating: “supply chains today generate vast reams of data and traditional resource dependent organizations simply can’t keep up with the changing dynamics to compete effectively. We frequently hear of companies missing key product delivery dates and revenue targets because of unplanned issues in their supply chains"
“For many product companies, solutions for supply chain are expensive, require tremendous IT investments for both customers and suppliers and take years to generate ROI” said Hilton Tam, head of Bright Success Capital. “Resilinc has disrupted the traditional solutions market with its easy to deploy, plug and play solution that has been successfully deployed within large and small customers, without requiring IT investment or resources, is free for suppliers and delivers tangible ROI within weeks.”
Resilinc helps CEOs and Chief Supply Chain Officers achieve their revenue goals despite supply chain disruptions worldwide. Resilinc’s platform provides companies access to advanced multi-tier mapping and part origin intelligence, collected from over 35,000 suppliers across more than 65,000 factories globally. Industry leading companies like IBM, General Motors, EMC, Amgen and Western Digital rely on Resilinc’s supplier intelligence repository, combined with advanced analytics regarding vulnerabilities, risk scores and revenue impact to predict the critical failure points in their supply chain.
About Procyon Ventures
Procyon Ventures is an early-stage, venture capital firm based in Boston, MA. Procyon partners with entrepreneurs solving real-world problems using data and machine intelligence, focusing on applications of frontier technologies such as AI, computational biotech, connected sensors, AR/VR, and industrial IoT. We believe in investing with conviction in visionary founders with deep technical experience. Drawing on our network of strategic partners across industries and regions, we help startups think big and grow fast.
About Salesforce Ventures
Salesforce Ventures—Salesforce's corporate investment group—invests in the next generation of enterprise technology to help companies connect with their customers in entirely new ways. Portfolio companies receive funding as well as access to the world's largest cloud ecosystem and the guidance of Salesforce's innovators and executives.
About Bright Success Capital
Bright Success Capital invests in innovative teams from seed to growth stage mainly focus on hardware & software integration, robotics, automation, AI, security and connected device. The fund aims to leverage their team experience in manufacturing, supply chain and regional network to help portfolio companies in global strategy and Asia expansion plans.