Atlanta-based Amplio announced Tuesday it had raised $6 million in seed funding to create a platform to increase supply chain resiliency that allows manufacturers to streamline material procurement.
The new all-in-one platform will improve margins and keep production lines running, the company said.
“In light of the growing need for building supply chain resilience, we are thrilled to have the backing of great investors like Construct and others. We’re eager to keep delivering for the supply chain community,” said Amplio co-founder and CEO Trey Closson.
Other investors in the round included Alpaca Ventures, High Alpha Capital, Flexport Ventures, and industry angels, including Sean Henry, CEO at Stord.
Amplio launched in 2021 as a response to global supply chain bottlenecks. In their respective roles managing supply chain visibility from both the vendor and operator sides, Closson and co-founder Taha Zinifi were familiar with the challenges presented by supply chain delays.
The two saw that while there were plenty of incremental pieces of the solution, there was no singular platform to combine all the pieces of the supply chain management puzzle to give operators access to additional supply in the same place. The pair said they received support to pursue their idea through a joint Venture studio between Koch Industries and High Alpha Innovation.
“Our customers need to keep the beating heart of production going by procuring the 1% hard-to-find parts. To do so, we help them streamline purchasing for the other 99% to avoid any unexpected shortages. Amplio’s data platform makes each existing buyer more valuable, helping them automate their job and make better decisions,” shared Zinifi.
Closson said the platform is geared toward the everyday user in operations, manufacturing, supply chain, and logistics. The aim of Amplio, he said, is to make supply chains more efficient and resilient while helping improve the global GDP, improve sustainability and reduce waste.
Currently, the company has six employees. With the new funding, the company plans to build out its supplier network and hire across all facets of the business, officials said.