Sirion Labs raises $ 4.7 Million from Sequoia Capital

CoolAvenues Newswire | April 28,2014 02:35 pm IST

Sirion Labs, developer of supplier management and governance tool has raised series A funding of $ 4.7 Million from Sequoia Capital.

The company will use the funds for R&D and expand its market and product development plans.

SirionLabs started by Ajay Agarwal and Claude Marias in 2012 simplify the management of key suppliers and lower the cost of governance by delivering critical intelligence on demand and automating the full spectrum of contracts, performance tracking, invoice processing, risk, relationship alignment, and consumption on a single, integrated platform.

SirionLabs automates traditional governance processes end-to-end and deliver real-time, data driven analytics, allowing its clients to redirect focus to supply chain value, increasing productivity and improving performance.

Organizations deploy our product to create a single system of record for strategic suppliers, standardize processes, consolidate legacy systems and drive meaningful comparisons in performance between diverse suppliers, functions, and regions.



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