#USA #San Francisco #Daybreak #AI Planning #Tim Krug

Daybreak Secures Series A Funding and Names New CEO

In a significant move for the future of supply chain planning, Daybreak, an innovative AI-native platform, has successfully completed its Series A financing round. This funding not only bolsters the company's resources for enterprise deployments but also aligns with its strategic initiative to enhance its AI labor system aimed at improving planning decisions across various industries.

Funding Details

The Series A was led by prominent investors TPG Growth and Dell Technologies Capital, reflecting strong confidence in Daybreak's potential to transform supply chain operations. As companies face increasing complexities in supply chain management—such as limited planning capacity and heightened expectations regarding accountability—Daybreak stands out by employing AI agents capable of handling fundamental planning decisions under meticulous human oversight. This operational model is particularly beneficial for large manufacturers and distributors venturing into the complexities of modern supply chains.

Tim Krug, the company’s founder and previous president, has been elevated to the position of Chief Executive Officer. This transition is part of a planned leadership progression as the company moves from developing its AI model to implementing it at an enterprise scale. Stephen Collins, who previously held the CEO position, will now serve as Executive Chair of the Board, where he will provide guidance on long-term strategies and governance.