Supplier management technology product startup, SirionLabs has closed a $12.25 million in Series B financing, led by existing investor Sequoia India.
In addition, Sanish Mondkar, former Executive Vice President and Chief Product Officer at SAP has joined its Board of Directors. This round of financing also saw participation from QualGro ASEAN Fund and Canopy Ventures. The leadership extension and new financing will be used to expand product capabilities and fuel market growth.
SirionLabs’ supplier governance product, Sirion, significantly reduces the cost of supplier management by automating complex procedures across key governance disciplines – contract, performance, financial, relationship and risk management.