In Canada, supplier intelligence big data provider Tealbook has raised $14.4m in a Series A round of funding, which it will use to support innovation across its platform and drive sales and marketing initiatives.
Tealbook's platform uses machine learning and artificial intelligence to provide autonomous data enrichment technology, proactively capturing and maintaining changing supplier information. In addition, the company's data foundation can be used by other eProcurement solutions to help clients make decisions relating to their purchasing strategies.
New funding has been led by RTP Global, with participation from BDC Capital, Grand Ventures, Refinery Ventures, Stand Up Ventures, Workday Ventures, and new investors Reciprocal Ventures and S&P Global, along with debt financing from Silicon Valley Bank.
Tealbook founder and CEO Stephany Lapierre (pictured) comments: 'Our investors realize the power that Tealbook gives back to organizations as we are able to unify and synchronize supplier data like never before. We are excited to welcome new investors and use the influx of capital to accelerate our investment in supplier data and technology to expand value to our customers and partners'.
Web site: www.tealbook.com .
All articles 2006-21 written and edited by Mel Crowther and/or Nick Thomas unless otherwise stated.