Exiting investor Mahindra Partners contributed to an Intel Capital-led round that increased the industrial internet-of-things technology developer's total funding to $39m.
Intel Capital, the corporate venture capital subsidiary of semiconductor technology producer Intel, co-led a $26m series B round for US-based supply chain software developer Cloudleaf on Wednesday.
The round was co-led by VC firm WRVI Capital and included Mahindra Partners, a subsidiary of diversified conglomerate Mahindra Group, as well as BluePointe Ventures, Bold Capital Partners and Tandem Capital.
Cloudleaf has created a cloud-based software platform that leverages internet-of-things, artificial intelligence and machine learning technology to help companies manage their logistics.
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