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Founders Of Box, Yahoo!, Workday, And Silver Lake Partners Invest In Elementum To Redefine Enterprise Software

Stocks in this article: FLEX

MOUNTAIN VIEW, Calif., April 8, 2014 /PRNewswire/ -- Today, enterprise startup Elementum announces the addition of five new investors—Aaron Levie, Dave Duffield, Jerry Yang, Jim Davidson, and Mike Frandsen—as well as new members to its board of advisors. The company, which offers mobile software for supply chain management, exited stealth mode this February with over $60 million in funding from Lightspeed Venture Partners and Flextronics (NASDAQ: FLEX).

ADDITIONAL INVESTORS:

  • Dave Duffield, co-founder and co-CEO, Workday
  • Aaron Levie, co-founder and CEO, Box
  • Jerry Yang, co-founder, Yahoo!; founding partner, AME Cloud Ventures
  • Mike Frandsen, VP of products, Workday
  • Jim Davidson, co-founder and managing director, Silver Lake Partners

Jim Davidson is also a member of the company's board of directors.

ADDITIONS TO BOARD OF ADVISORS:

  • Dave Duffield, co-founder and co-CEO, Workday
  • David Dibble, former EVP, service engineering and operations, Yahoo!
  • David Henke, former SVP, engineering and operations, LinkedIn
  • Aneel Bhusri, co-founder, chairman, and co-CEO, Workday

"With the creation of the world's first supply chain graph, Elementum isn't just disrupting the industry, they're rewriting the rules."Aaron Levie, co-founder & CEO, Box

BUILDING MOMENTUMEvery few years or so, there's a distinct shift in awareness within Silicon Valley; a movement that changes the way we think about technology. The app gold rush, big data analytics, the almighty cloud—all recent examples. But what if there was a shift that affected more than just technology? Think about it—the food on your plate, the shoes you wear, even the medicine you take—they're all dependent on the functionality of your supply chain. So if you're waiting for new kicks in 2014, why are you relying on technology from 1992 to get it? You shouldn't.

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