Verusen lands $25M in fresh capital to expand its supply chain analytics platform

Verusen says its AI continues to predict and learn from real actions over time, offering suggestions to optimize inventory allocation and procurement that customers can choose to accept or decline. “Our AI platform has saved supply chain companies around the world millions in wasted working capital caused by their disparate data, processes, and systems — which has been further aggravated as a result of the pandemic. Verusen’s other cofounder, Spencer Applegate, previously launched startups that aggregate data for real estate professionals and help musculoskeletal patients connect with pain specialists. But over-60-employee Verusen touts its customer base, which grew three times in 2021 and now includes brands like Georgia Pacific, Graphic Packaging, AB InBev, and other Fortune 500 companies in industries such as utilities, oil and gas, energy, and food and beverage. With the new capital, Atlanta, Georgia-based Verusen plans to expand its reach in the indirect maintenance, repair, and operations and direct materials markets, which Noble believes have the strongest growth potential.