The company has also just closed a $26m investment round, which will support its real-time supply chain platform
Cloudleaf, a real-time supply chain operations platform, has rebranded, changing its name to ParkourSC. As the first order of business under the updated name, the company is closing a $26m investment round led by Cota Capital.
McKinsey predicts throughout the course of a decade the average company will lose half a year’s profits through supply chain disruptions. Supply chain managers must manage disruptions like economic instability, uncertainty over demand, unexpected delays in raw materials and logistics, and operations stoppages due to lack of resources, the company points out.
ParkourSC provides a real-time platform for businesses to monitor the supply chain, it says, 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. The funds will support ParkourSC’s continued revenue growth; leadership additions; engineering team expansion in the US, India, and other regions; and an extension of the GTM footprint into EMEA.