“It is rare to partner with a founder and team driving innovation in a massive, underserved industry,” said Blue Cloud Ventures Founder and Managing Partner Rami Rahal. “The future of the chemical and ingredient industry is in software, powered by Knowde.”
Knowde’s Master Data Management (MDM) Platform and AI technology digitize processes to transform the way chemical suppliers and distributors do business online.
“The chemical and ingredient industry has the potential to immensely benefit from digitization,” said Dan Gwak, Managing Partner at Point72 Private Investments. “We believe Knowde has built technology and capabilities that are well positioned to tackle the challenges of organizing this industry and we are excited to support them on their journey.”
Knowde’s MDM Platform automates data organization and enrichment for their customers. Once the data is organized, it can feed a suite of Knowde purpose-built applications to modernize commerce.
Funds from this round will accelerate Knowde’s mission to organize the world of chemistry. Knowde will continue to build new features for the MDM Platform and new vertical applications.
“The chemical industry is the root of all innovation. Every physical product is created from chemistry. By accelerating digitization, we can impact all downstream industries,” said Ali Amin-Javaheri, founder and CEO of Knowde.
About Knowde Knowde’s software and AI technology unlocks digital transformation in the chemical and ingredient industry. The world’s leading chemical producers and distributors trust Knowde to modernize commerce. Knowde is backed by top-tier investors, including Sequoia Capital, Coatue, and sixteen other venture funds. For more information, visit software.knowde.com.
