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LevaData, a Sunnyvale, CA-based provider of a cognitive sourcing platform, brought $12M up in Series B subsidizing round. LevaData announced Tuesday it had completed a $12 million Series B financing round, led by Tola Capital. The sourcing technology provider plans to use the funding to deepen the capacity of its platform, further innovations in engineering and data science, and expand into new industry verticals, according to a press release.
Since 2014, LevaData has raised near $20 million in investment, including $5 million in August of a year ago from its Series A round, likewise drove by Tola Capital.
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LevaData will focus on further training its stage and enhance the exactness of predictive models, the pertinence of identified risks and opportunities, and the effectiveness of negotiations.
“LevaData has delivered strategic sourcing leaders with the data-driven insights to provide true differentiation and value to their business,” says Aaron Fleishman, principal at Tola Capital.
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