USA – Sustainment, an Austin, Texas software company allowing business and government teams to discover and engage with US manufacturers, closed a $2.1m financing round.
The round was led by Blackhorn Ventures, which was joined by Congress Avenue Ventures and angel investors.The company intends to use the funds to expand its software development efforts to offer products to commercial procurement teams and continue to develop its AI technologies to intelligently match part needs with vendor capabilities to optimize domestic supplier networks.Led by Bret Boyd, CEO, Sustainment provides collaboration tools for localized manufacturing to build and manage vetted domestic supplier networks, and to find and engage with qualified vendors. The toos have already been adopted by the US Department of Defense and state government clients over the last year.15/01/2020
