3 years ago

Circulor Secures $25 Million to Enhance Supply Chain Traceability with Blockchain

  • Circulor, a UK-based supply chain traceability provider, has raised $25 million in a Series B funding round

  • The company uses blockchain technology to track materials as they move through the supply chain, providing businesses with transparency and accountability

  • Circulor's platform is used by a variety of industries, including automotive, manufacturing, and food and beverage.

      • ProblemTechnology

      "Companies struggle to track the origin and journey of materials in their supply chains, making it difficult to ensure ethical sourcing, environmental sustainability, and compliance with regulations."

      Solution

      "Circulor uses blockchain technology to create a digital thread that follows materials from their source to the final product, providing transparency and accountability throughout the supply chain. This allows companies to track the origin of materials, measure their carbon footprint, and ensure compliance with ethical and environmental standards."

      Covered on