"We are pleased to invest in Paradata as their big data solution is poised to provide transparency throughout the supply chain across industries. Not only will Paradata change how supply chains run, they will enable manufacturers of all sizes to transform their businesses and collaborate in new and powerful ways."
Ram Jambunathan - Managing Director, SAP.iO Fund
SAP News Center Press Release
"The first startup to receive funding from SAP.iO is Parable Sciences, Inc. (known as Paradata), a Big Data analytics company based in San Jose, Calif. Paradata’s use of machine learning to offer greater supply chain transparency complements SAP Ariba solution capabilities in direct material sourcing and supply chain visibility. In addition to funding, SAP.iO and SAP will provide the startup with mentorship, customer introductions and access to platform integrations and APIs that will help Paradata deliver new and unique opportunities for customers." (Press Release, SAP News Center, 3.23.17)
Paradata Press Release
"SAP.iO has joined this latest funding round led by existing investors Richmond Global and PivotNorth. 'This new funding, and backing by SAP.iO, will accelerate our rapid growth trajectory,' said Debbra Rogers, CEO of Paradata. 'We want to be the Google of the supply chain industry—empowering manufacturers to look up any component or part across their entire supply chain ecosystem and quickly find the single source of truth.'" (Press Release, PRNewswire, 3.23.17)
"They're very close to what we do from a supply chain and procurement perspective." (Venture Beat, 3.23.17)
Deepak Krishnamurthy - Chief Strategy Officer, SAP
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