After about two years of stealth operation, Elementum, a novel mobile cloud platform for holistic supply chain management (SCM), announced that it has more than $60 million in funding and several major customers. The Silicon Valley-based startup has $44 million in Series B funding from Lightspeed Venture Partners and Flextronics (which was also the major pilot customer) and brand name customers like Dyson and Enphase Energy Inc.
most basic-level, E2open, SAP Ariba , JDA Software , and other SCM software players, are only solving one piece of the supply chain problem. In the case of E2open, it has been focused on fulfillment or order collaboration, and now, with the recent acquisition of icon-scm , on rapid planning and response. But Elementum believes that there is no technology provider in the market today that is taking a holistic approach to providing visibility across an end-to-end supply chain. With Elementum, one can hav