siliconindia | | June 20138Brightpearl, a provider of cloud soft-ware that inte-grates orders, inventory and customer data across multiple retail channels, has raised $8 million in Series B financing. The round was co-led by seed investors Eden Ventures and Notion Capital. The company is headquar-tered in San Francisco, California. The firm's total funding stands at $13 million till date. The problem that Brighpearl tries to solve is the frag-mentation in terms of the number of channels that a young e-commerce company is expected to sell into. The main pain point in this scenario occurs when trying to manage stock/inventory across channels, and deal-ing with things like double-selling, support, delivery, and tracking customers from one channel to another."Brightpearl's cloud offering aims to take care of this heavy lifting, helping businesses scale and manage a multitude of SKUs across all of their online and brick-and mortar channels, with a unified system for inven-tory, order, and customer data," says Salman Malik, CEO of Brightpearl. Brightpearl was specifically built as cloud software for multichannel retailers. The platform integrates orders, inventory and customer data and lets retailers do what they do best: focus on growing their businesses. The firm claims that multi-channel retailers can rely on Brightpearl's Commerce Acceleration Platform to get their core data and processes under control. This can in turn, save time, money and create a reliable founda-tion for rapid growth. More than $600 million of gross merchandise value has been traded on the Brightpearl Commerce Acceleration Platform since 2011. Bright-pearl is fully integrated with a variety of sales chan-nels including Magento, eBay, Bigcommerce, Shopify and Amazon, providing retailers with built-in access to multiple avenues for growth.Skyhigh Networks raises $20 Million in Series B FundingSkyhigh Networks, a cloud and IT networking services company headquartered in Cupertino, CA, has raised $2 million in Series B financing. The second round was led by Sequoia Capital, with participation from existing investor Greylock Partners. This latest round brings the total investment of the company to above $26 million. Skyhigh will use the new capital to expand its sales, marketing, and engineering teams to meet the increasing demand for its services and to extend its leadership in the cloud visibility and control market."Sequoia Capital's investment provides significant validation of our ground-breaking approach to addressing the previously ignored issue of shadow IT," says Rajiv Gupta, co-founder and CEO, Skyhigh Networks. "Customer demand since our launch has been tremendous, and partnering with Greylock and Sequoia will enable us to accelerate our strong growth and build the leading company in the cloud visibility and control market," adds Gupta. Skyhigh aims to leverage the "bring your own device movement (BYOD)", which it addresses at its intersection with the thousands of services employees use but cannot afford to keep exposed to security risks.The Skyhigh Networks Cloud Services Manager is a zero footprint, multi-tenant service that discovers, analyzes, and controls cloud services in use within an organization. The company empowers users to see all cloud services in use and their associated security, legal, and business risks. In terms of network analyzing, the firm has designed the platform to identify anomalous behavior and opportunities for consolidating subscription. The user can even enforce key security and usage policies such as access control, data encryption, and data loss prevention.Brightpearl picks up $8 Million Series B FundingRajiv GuptaSalman Malik
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