Mobile supply chain startup adds top Silicon Valley advisors and investors
MOUNTAIN VIEW, Calif. – April 8, 2014 – Today, enterprise startup Elementum announces the addition of five new investors—Aaron Levie, Dave Duffield, Jerry Yang, Jim Davidson, and Mike Frandsen—as well as new members to its board of advisors. The company, which offers mobile software for supply chain management, exited stealth mode this February with over $60 million in funding from Lightspeed Venture Partners and Flextronics (NASDAQ: FLEX).
ADDITIONAL INVESTORS:
- Dave Duffield, co-founder and co-CEO, Workday
- Aaron Levie, co-founder and CEO, Box
- Jerry Yang, co-founder, Yahoo!; founding partner, AME Cloud Ventures
- Mike Frandsen, VP of products, Workday
- Jim Davidson, co-founder and managing director, Silver Lake Partners
Jim Davidson is also a member of the company’s board of directors.
ADDITIONS TO BOARD OF ADVISORS:
- Dave Duffield, co-founder and co-CEO, Workday
- David Dibble, former EVP, service engineering and operations, Yahoo!
- David Henke, former SVP, engineering and operations, LinkedIn
- Aneel Bhusri, co-founder, chairman, and co-CEO, Workday
“With the creation of the world’s first supply chain graph, Elementum isn’t just disrupting the industry, they’re rewriting the rules.”
Aaron Levie, co-founder & CEO, Box
BUILDING MOMENTUM
Every few years or so, there’s a distinct shift in awareness within Silicon Valley; a movement that changes the way we think about technology. The app gold rush, big data analytics, the almighty cloud—all recent examples. But what if there was a shift that affected more than just technology? Think about it—the food on your plate, the shoes you wear, even the medicine you take—they’re all dependent on the functionality of your supply chain. So if you’re waiting for new kicks in 2014, why are you relying on technology from 1992 to get it? You shouldn’t.
And the Valley’s most successful entrepreneurs agree. That’s why they’re bringing their experience and foresight to helping Elementum engage customers of all sectors—consumer, automotive, pharmaceutical, and energy (just to name a few)—to prove that any company in any industry can and should modernize their supply chain.
SIMPLY INNOVATIVE
With a unique approach to supply chain management, Elementum provides bite-sized apps that run on a single platform—optimized for a modern, mobile workforce. And the company’s unique supply chain graph securely shares data within and across enterprises, eliminating millions of dollars in license and integration costs. Customers receive instantaneous visibility and actionable information across multi-enterprise supply chains, offering the control and flexibility not available in legacy systems.
“Elementum is uniquely positioned to transform the way businesses operate by bringing strategic processes from on-premise manufacturing and supply chain to the cloud—greatly enhancing the cloud computing vision for the enterprise.”
Dave Duffield, co-founder & co-CEO, Workday
JOIN THE MOVEMENT
Elementum is hiring for a wide variety of talent at its Mountain View headquarters; check out its LinkedIn profile for more information.
About Elementum
Elementum makes supply chain simple. By bringing together the latest in big data, cloud, and mobile technologies, Elementum delivers accurate and real-time supply chain information, optimized for today’s mobile workforce. Backed by a leading supply chain company, Elementum enables a single world-wide repository of supply chain data, eliminating millions of dollars in license and service costs that OEMs must spend to integrate all of their supply chain partners. Elementum’s customers include leading companies such as Dyson. For more information, visit www.elementum.com. ________________________________________
This press release contains forward-looking statements within the meaning of U.S. securities law. These forward-looking statements involve risks and uncertainties that could cause the actual results to differ materially from those anticipated by these forward-looking statements. These risks include: the possibility that our services may not perform as expected, and the fact that the market for our services is still in the early stages of growth. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements in this press release are based on current expectations, and Elementum assumes no obligation to update these forward-looking statements.
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Media Contact
TriplePoint PR for Elementum
elementum@triplepointpr.com
(212) 730-9744