SirionLabs Secures $12.25M in Latest Funding Round

FusionOps funding

Supply chain management solutions provider SirionLabs raised $12.25 million in a recent Series B financing round, led by Sequoia Capital. Ajay Agrawal, CEO of SirionLabs, said the funding would enable his company to expand market growth and innovation.

Sequoia previously invested in SirionLabs, contributing to the software provider’s Series A financing.

“We have been positively surprised by the scale of Sirion’s impact in their enterprise customers and are excited to continue to back Ajay and team to take SirionLabs to the next level,” said Shailendra Singh, managing director of Sequoia Capital India Advisors, in a statement.

Other contributors in the Series B financing round were QualGro Asean Fund and Canopy Ventures.

SirionLabs also announced Sanish Mondkar, former executive vice president and chief product officer at SAP (initially with Ariba and then more broadly across the procurement line of business area), has joined SironLab’s board of directors. SirionLabs called Mondkar an “established leader and a product visionary in the procurement space,” and said he would be working closely with Sirion’s product and engineering teams to accelerate the pace of innovation and product delivery.

SirionLabs was named as one of the 50 Providers to Watch in the 2016 Spend Matters Almanac.

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