Craft Secures USD 10 Million in Series A Round of Financing

The company will use proceeds from the investment round to expand further its offices in San Francisco, London, and Minsk and grow remote teams across engineering, sales, marketing, and operations in North America and Europe.

FREMONT, CA: San Francisco-based enterprise intelligence company, Craft, secured USD 10 million in a Series A funding round led by High Alpha Capital with co-investors Greycroft; Sam Palmisano, Chairman of the Center for Global Enterprise and former CEO and Chairman of IBM; Jim Moffatt, former CEO of Deloitte Consulting; Frederic Kerrest, executive vice-chairman, COO and co-founder of Okta; and Uncork Capital. As part of the investment round High Alpha Partner, Kristian Andersen, will join Craft’s Board of Directors.

“We have a deep conviction that supply chain management remains an underinvested and underinnovated category in enterprise software,” said Kristian Andersen, Partner with High Alpha. “We’re thrilled to partner with Craft and support them as they continue to define and build this exciting new category – focused on providing powerful analytics and supply chain insights directly to the enterprise.”

The company will use proceeds from the investment round to expand further its offices in San Francisco, London, and Minsk and grow remote teams across engineering, sales, marketing, and operations in North America and Europe. Craft is led by co-founder and CEO Ilya Levtov. It provides a supply chain intelligence platform that enables organizations to understand, monitor, and optimize their supply chain and enterprise ecosystem.

“It has been very exciting to see the enthusiastic response from both enterprise leaders and individual knowledge workers to our data platform and enterprise portal,” said Ilya Levtov, co-founder and CEO of Craft. “Today, we are focused on providing powerful tracking and visibility to enterprise supply chains, while our ultimate vision is to build the intelligence layer of the enterprise technology stack.”

Craft’s solution combines proprietary data platform, API, and a cloud-based portal to integrate into existing enterprise workflows. The data platform deploys packed with data from thousands of financial and alternative sources, surfacing signals on any company in the world. The resulting view of target companies includes over 300 plus data points refreshed continuously using both Machine Learning and human validation. Craft’s openly accessible company profiles appear in 50 million organic search results and serve more than one million professionals per month.