The Lenovo-backed supply chain optimisation platform raised $11.4m in a Vertex China-led round that boosted its overall funding to more than $22m.
Cardinal Operations, a China-based supply chain services provider backed by consumer electronics manufacturer Lenovo, has secured more than RMB100m ($14.4m) in series A funding, DealStreetAsia reported yesterday, citing a WeChat post.
The round was led by Vertex Ventures China, a branch of Singaporean state-owned venture capital group Vertex Ventures, and it took Cardinal’s total funding past $22m according to DealStreetAsia.
Founded in 2015, Cardinal runs an enterprise resource planning platform that uses big data, cloud computing and artificial intelligence technology…
