Elm AI Secures $2 Million to Enhance Supply Chain Sustainability

Elm AI, a Cornell University spinout, has raised $2 million in an oversubscribed funding round to improve supply chain sustainability and performance.

Elm AI, a Cornell University spinout, has successfully raised $2 million in an oversubscribed funding round. The round was led by Beta Boom Fund and Working Capital Fund, with participation from Boro Capital Partners, Very Serious Ventures, Gorges Ventures, The Bond Collective, and Textbook Ventures, .

Elm AI's platform leverages AI technology to enhance sustainability and operational performance across supply chains. It automates the analysis of supplier documentation, providing actionable insights more efficiently than traditional methods. The platform is already utilized by a diverse range of customers, including mid-sized apparel brands and large multinational corporations.

The newly acquired funds will enable Elm AI to accelerate its growth, onboard customers from its extensive waitlist, and expand its technological capabilities. Founded in 2023, Elm AI aims to become the leading platform for managing supplier performance and risk data on a global scale.

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