San Francisco Business Times: Alight, Inc. Announces Series A Funding Round Of $11 Million Including Strategic Investment By Caterpillar Venture Capital Inc.
June 26, 2017
SAN FRANCISCO, June 19, 2017 /PRNewswire/ — Alight, Inc., today announced closure of a Series A funding round for $11 million including Caterpillar Venture Capital Inc. and a consortium of noted Bay Area tech investors, led by Alight chairman, Steven Berger. The funding is targeted toward driving the rapid scaling of the firm’s mining and mortgage industry verticals and the expansion into new industries, including the addition of two new verticals in 2017, with pharma slated for Q3.
“CEOs are constantly rethinking the future of their businesses while also managing profits, cash flow and earnings growth,” said Michele McGovern, CEO, Alight, Inc. “To be successful, executives must harness huge amounts of data coming at them from all sides and seize opportunities in real-time and uncover new sources of revenue.
“Our industry-specific forecasting applications bring together the power of real-time, collaborative forecasting with robust scenario comparison and analysis to help CEOs manage the futures of their business.”
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