Intelleflex Closes $11.5 Million in Funding, Gears Up for Expansion

Approximately one-third of temperature-sensitive items are wasted in the perishable food and pharmaceutical cold supply chains, creating a $17 billion opportunity, according to Intelleflex, a leading provider of on-demand data visibility solutions.

Targeting this opportunity, Intelleflex has announced closure an $11.5 million extension with current investors Arcapita Ventures and New Venture Partners. Leveraging patented technology that yields a disruptive price/performance model, the Intelleflex XC3 Technology™ platform provides a low-cost extended-capability solution that addresses the needs of the perishable food and pharmaceutical cold supply chains. This new capital investment will be used to expand sales and marketing and accelerate key vertical-market initiatives with strategic partners in response to increased demand for the company’s solutions.

Read the complete release here.

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