Unity SCM Tackles Supply Chain’s Biggest Challenges with Series A Funding

May 9, 2023 - San Francisco and Tel Aviv - 4 pm IDT/ 9 am EST/ 6 am PST - Unity SCM, a supply chain operations platform, today announced a Series A, led by Vertex Ventures US and Vertex Ventures Israel, with participation from UpWest, Dan Scheinman, and Ariel Maislos for a total of $13.2 million in funding. In addition, McKinsey estimates that average global container shipping rates have more than quadrupled since 2019, and schedule delays have risen.Most supply chain modernization projects get bottlenecked waiting for scarce IT resources to connect the disparate data silos that lie beneath, said Amir Taichman, CEO and Co-Founder of Unity SCM. Customers have reported the following results: Decreased detention and demurrage fees by up to 40% Gained the ability to identify orders and shipments at risk weeks in advanceCustomers use the Unity SCM platform to solve a myriad of challenges in supply chain operations, including: Inventory and order visibility to gain a single view of sales, inventory, and purchasing information to speed planning cycles and balance resources across business units Shipment tracking and tracing to know where every shipment is, from supplier to warehouse Purchase order tracking to confirm with suppliers and subcontractors that dates and quantities of items have not changed from the approved POsUnity SCM gave us quick access to real-time container information and automatically updated arrival dates in our ERP. This was a huge win that helped us navigate the ongoing ocean freight debacle, commented Lisa VanLanduyt, VP of Inventory Planning at ASC Engineered Solutions. They are even harder to schedule than an ocean carrier!Unity SCM works with point solutions and systems of record, such as SAP and Oracle, to map and transform data into a single view that business users can view and access right away.With this round of funding, Unity SCM plans to expand its platform to more customers in markets that desperately need supply chain solutions.