Cisco and Samsung-backed supply chain management company Evrything has attracted $24.8m in a series B round that took its total funding to more than $42m.

Evrythng, a UK-based internet-of-things technology developer backed by electronics producer Samsung, has raised $24.8m in a series B round led by venture capital firm Sway Ventures, Business Insider reported on Tuesday.

Investment firm Bloc Ventures and venture capital firm Generation Ventures also took part in the round alongside undisclosed existing backers.

Evrythng has created a data management platform that lets companies track their materials throughout the supply chain by assigning them with so-called digital identities. Consumers can also find out…