Cloudleaf, a real-time supply chain operations platform, has announced a strategic company rebrand to ParkourSC, highlighting the need for innovation, agility, flexibility, and speed to enable timely decisions in today’s global supply chains. As the first order of business under its new name, ParkourSC is announcing the closing of a $26 million investment led by Cota Capital and included industry luminaries, such as John Chambers, former executive chairman and CEO of Cisco and founder and current CEO of JC2 Ventures.
McKinsey predicts that over the course of a decade the average company will lose half of a year’s profits due to supply chain disruptions. Today’s supply chain managers must manage constant disruptions like economic instability, uncertainty over demand, unexpected delays in raw materials and logistics, and operations stoppages due to lack of resources. ParkourSC provides an agile, real-time platform to business leaders and supply chain executives that enables innovation and resilience in the face of disruption, all without the need to make costly changes to their existing technologies and infrastructure.
“Supply chain disruptions remain a #1 issue for CEOs across industries, underscoring that there are many opportunities for innovation, improved efficiency, and more reliable resiliency,” says John Chambers, CEO of JC2 Ventures. “Supply chain operators today are faced with endless challenges and require tools that enable them to make well-informed decisions at any given moment. ParkourSC is arming the industry with a more transparent view across every aspect of supply chains, allowing their customers to remain agile in a way that has never been done before.”
The latest investment in the business was led by JC2 Ventures, Cota Capital, Sigmas Group, and WestRock Shared Services, with participation from previous investors, BOLD Capital Partners, Celesta Capital (previously WRVI Capital), and Intel Capital. The funds will support ParkourSC’s continued revenue growth; leadership additions; engineering team expansion in the U.S., India, and other regions; and an extension of the GTM footprint into EMEA.
“We are excited to partner with ParkourSC, which has developed an advanced, scalable supply chain management platform that aims to provide complete real-time visibility and transparency across the entire network,” says Bobby Yazdani, partner and founder of Cota Capital. “We look forward to working with the talented ParkourSC team, as we believe in the company’s vision and expertise to address the ever-increasing global supply chain challenges.”