Backbone nabs $14M for ‘mesh-based’ supply chain software –
Summary
Predicting supply chain volatility has only grown more difficult as pandemic-related shocks, including elevated e-commerce volume, impact shipping and raw materials availability. That’s the product Backbone, the startup Patil helped to co-found, is selling: a platform designed to enable companies to respond to supply chain disruptions by surfacing replacement options, including vendors. The capital raised will be used to onboard new customers, expand into new markets and develop the company’s supply mesh technology as it accelerates growth globally, Patil told TechCrunch via email. Chandran is an Oracle and NetSuite veteran who’s launched several AI startups, while Patil spent time as a software engineer at Intuit before moving to Heighten, a sales tech company. “[U]sing its mesh model approach, [Backbone] helps companies embed resilience into their supply chain so that they’re better prepared to manage periods of volatility versus predict them.
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