{"id":291,"date":"2023-02-02T05:00:00","date_gmt":"2023-02-02T05:00:00","guid":{"rendered":"https:\/\/craftco.wpenginepowered.com\/craft-raises-series-b\/"},"modified":"2023-12-06T22:21:12","modified_gmt":"2023-12-06T22:21:12","slug":"craft-raises-series-b","status":"publish","type":"press","link":"https:\/\/global.craft.co\/newsroom\/craft-raises-series-b\/","title":{"rendered":"Craft Raises $32M Series B to Continue Driving Transformation in Supply Chains"},"content":{"rendered":"<p id=\"\">It&#8217;s no secret that today is a challenging environment in venture capital.&nbsp; So we are especially proud to be announcing a $32 million Series B financing led by outstanding investors in Silicon Valley and beyond.<\/p>\n<p id=\"\">We closed our Series A in summer 2020, just as the COVID pandemic was gripping the world.&nbsp; Our business was hitting stride providing advanced visibility into the complex supplier networks of Fortune 500 enterprises.&nbsp; Suddenly, supply chain disruptions were dinner table conversation and a central story in daily news.<\/p>\n<p>While the immediate disruptions from the pandemic have stabilized, the fragility of global supply chains remains clear to see and will take years to address.&nbsp; It developed over decades of optimizing for efficiency, Just-in-Time delivery, with generally open trade routes around the world.&nbsp;&nbsp;<\/p>\n<p>Today we live in a less smooth, more volatile era.&nbsp; In response, enterprise supply chains need to be rewired for resilience and to manage newer risks such as Geopolitics, Climate, ESG and Cyber-attack.&nbsp; It is an urgent topic in the boardrooms and C-suites of enterprises, and a major topic in the halls of government.<\/p>\n<p>Craft has developed a powerful software platform to address these requirements, comprising 3 distinct layers.&nbsp; At its foundation is the most comprehensive set of data on suppliers flowing from external third party sources merged with internal first party data.&nbsp; In the second layer, Craft provides advanced visibility into supplier risks and opportunities via Risk Hub, N-Tier mapping, Alerts, and other capabilities.&nbsp; At the top sits a workflow layer including shared note-taking, collaboration and case management.&nbsp; The whole suite is delivered in a highly usable cloud-based application, running enterprise grade security.&nbsp; Craft integrates today with Google Cloud, SAP and ServiceNow, with more exciting integrations launching soon.<\/p>\n<p>With strong backing to fuel our growth and expansion over the next several years, we feel privileged to be serving customers in the exciting dynamic world of supply chain transformation.<\/p>\n<p>If this is an important topic for you or your business, please get in touch with our team at sales@craft.co, or connect with us on <a href=\"https:\/\/www.linkedin.com\/company\/craft-machine\/\" id=\"\">LinkedIn<\/a>.<\/p>\n","protected":false},"author":1,"featured_media":292,"template":"","class_list":["post-291","press","type-press","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.3 (Yoast SEO v25.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Craft Raises $32M Series B to Continue Driving Transformation in Supply Chains - Craft.co<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/global.craft.co\/newsroom\/craft-raises-series-b\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Craft Raises $32M Series B to Continue Driving Transformation in Supply Chains\" \/>\n<meta property=\"og:description\" content=\"It&#039;s no secret that today is a challenging environment in venture capital. 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