ketteQ Raises $20 Million to Propel Global Expansion and AI Solutions
ketteQ, a leader in providing adaptive supply chain planning solutions, has successfully secured $20 million in Series B funding. This funding round, led by Vocap Partners, positions the company to significantly accelerate its global growth and enhance its commitment to innovative, AI-driven supply chain planning.
The infusion of capital will empower ketteQ to expand its global reach, sustain its innovation in artificial intelligence, particularly through its advanced agentic AI capabilities, and bolster its delivery capacity. In today’s market, manufacturers, distributors, and service organizations are increasingly seeking faster and more adaptive solutions to navigate the complexities of supply chain management effectively.
Mike Landry, the CEO of ketteQ, emphasizes that the company is uniquely poised to transform supply chain management, stating, "The world's supply chains are being redefined, and ketteQ was purpose-built for this exact moment. We offer solutions that deliver value in mere months rather than years, showcasing the effectiveness of AI and adaptive planning." This innovative approach stands in stark contrast to traditional supply chain planning providers, which often struggle to adapt their outdated systems to modern demands.
At the heart of ketteQ's platform is PolymatiQ™, an advanced AI solver engine that enables dynamic decision-making across various supply chain facets, including demand forecasting, inventory management, production, and service delivery. ketteQ's cloud-native architecture not only supports immediate decision-making but also equips organizations to proactively manage their supply chains, leading to increased revenue, improved customer satisfaction, and greater operational resilience.
The firm's ability to deliver tangible results is evidenced by impressive metrics, including an average annual Contracted Annual Recurring Revenue (CARR) growth of 170%, a net revenue retention rate of 134%, and a perfect implementation success rate. These achievements underscore ketteQ’s effective execution of its business model and its reputation for quick deployment, often completing projects in just a few months.
This latest round of funding will enable ketteQ to invest strategically across several crucial areas:
1. Global Implementation Capacity - To expand its delivery teams and enhance partner enablement, facilitating faster project launches.
2. Customer Success - To bolster support services that enhance user adoption, retention rates, and overall value realization for clients.
3. AI Autonomy Innovation - To further develop PolymatiQ™, advancing its planning capabilities to meet the evolving needs of the market.
4. Partner Ecosystem Growth - To enhance certification and support for global consulting partners, ensuring a robust implementation network.
5. Agentforce Solutions - To incorporate intelligent workflows and Salesforce integration into its service offerings, thus maximizing efficiency.
Industry experts affirm the critical nature of ketteQ's innovations. Mike Becker, Managing Partner at Vocap Partners, notes, "Every supply chain in the world is under pressure to modernize, and adaptive, AI-enabled planning is now mission critical, not optional. ketteQ isn't simply keeping pace; they are setting the standard."
With its proven track record and ambitious growth plans, ketteQ is undertaking essential steps to solidify its position as a market leader in adaptive supply chain solutions. Stakeholders and prospects will find invaluable insights and opportunities by exploring ketteQ's Series B funding, as well as its strategic vision for the future, available at their dedicated website.
In conclusion, ketteQ is a compelling force in the supply chain technology landscape, leveraging innovative AI solutions to transform traditional business practices into responsive, proactive strategies. As the demand for effective supply chain management continues to escalate, ketteQ is poised not only to meet that demand but to define it in the years to come.
The infusion of capital will empower ketteQ to expand its global reach, sustain its innovation in artificial intelligence, particularly through its advanced agentic AI capabilities, and bolster its delivery capacity. In today’s market, manufacturers, distributors, and service organizations are increasingly seeking faster and more adaptive solutions to navigate the complexities of supply chain management effectively.
Mike Landry, the CEO of ketteQ, emphasizes that the company is uniquely poised to transform supply chain management, stating, "The world's supply chains are being redefined, and ketteQ was purpose-built for this exact moment. We offer solutions that deliver value in mere months rather than years, showcasing the effectiveness of AI and adaptive planning." This innovative approach stands in stark contrast to traditional supply chain planning providers, which often struggle to adapt their outdated systems to modern demands.
At the heart of ketteQ's platform is PolymatiQ™, an advanced AI solver engine that enables dynamic decision-making across various supply chain facets, including demand forecasting, inventory management, production, and service delivery. ketteQ's cloud-native architecture not only supports immediate decision-making but also equips organizations to proactively manage their supply chains, leading to increased revenue, improved customer satisfaction, and greater operational resilience.
The firm's ability to deliver tangible results is evidenced by impressive metrics, including an average annual Contracted Annual Recurring Revenue (CARR) growth of 170%, a net revenue retention rate of 134%, and a perfect implementation success rate. These achievements underscore ketteQ’s effective execution of its business model and its reputation for quick deployment, often completing projects in just a few months.
This latest round of funding will enable ketteQ to invest strategically across several crucial areas:
1. Global Implementation Capacity - To expand its delivery teams and enhance partner enablement, facilitating faster project launches.
2. Customer Success - To bolster support services that enhance user adoption, retention rates, and overall value realization for clients.
3. AI Autonomy Innovation - To further develop PolymatiQ™, advancing its planning capabilities to meet the evolving needs of the market.
4. Partner Ecosystem Growth - To enhance certification and support for global consulting partners, ensuring a robust implementation network.
5. Agentforce Solutions - To incorporate intelligent workflows and Salesforce integration into its service offerings, thus maximizing efficiency.
Industry experts affirm the critical nature of ketteQ's innovations. Mike Becker, Managing Partner at Vocap Partners, notes, "Every supply chain in the world is under pressure to modernize, and adaptive, AI-enabled planning is now mission critical, not optional. ketteQ isn't simply keeping pace; they are setting the standard."
With its proven track record and ambitious growth plans, ketteQ is undertaking essential steps to solidify its position as a market leader in adaptive supply chain solutions. Stakeholders and prospects will find invaluable insights and opportunities by exploring ketteQ's Series B funding, as well as its strategic vision for the future, available at their dedicated website.
In conclusion, ketteQ is a compelling force in the supply chain technology landscape, leveraging innovative AI solutions to transform traditional business practices into responsive, proactive strategies. As the demand for effective supply chain management continues to escalate, ketteQ is poised not only to meet that demand but to define it in the years to come.
Topics Business Technology）
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