Indian multinational car manufacturing corporation Mahindra , through its incubation, private equity and venture capital division, has invested in Silicon Valley startup Cloudleaf.
Mahindra Ventures has participated in $26 million Series B fundraise for the digital supply solution provider.
Mahindra Partners had also participated in the Series A round of Cloudleaf in 2017.
Amit Sridharan, Director of US Venture Investments, Mahindra Partners, said: “Cloudleaf’s growth has been impressive as the company is quickly establishing itself as the newindustry standard for actionable visibility in a broad spectrum of enterprise supply chains. Our follow-on investment in Cloudleaf is driven by strong global synergies with the Mahindra Group and Tech Mahindra as a go-to-market partner in the United States.”
Cloudleaf will use the funding to expand its presence in the agtech, mobility, cleantech and deep tech enterprise applications.
The startup uses its IoT, AI/ML and advanced analytics based platform to create a digital twin of the supply chain and to process billions of events per second to deliver diagnostic and predictive insights in real-time for location, condition, utilisation and anomaly detection.
Established in 2010, Mahindra Partners is investing in logistics, healthcare and renewables among other sectors.