Katana, an enterprise resource planning (ERP) platform for small- and medium-sized manufacturers, has raised $34 million in a Series B round of funding.
ERP is a form of business management software that can serve any number of functions inside a company, from marketing and risk management, to supply chain management and beyond.
Integrations are pivotal to any ERP software, as it typically involves taking data from different systems such as HR, CRM, accounting, and order management to generate insights and analysis at its core, ERP is all about identifying potential problems and improving efficiency.
Founded out of Tallinn, Estonia, in 2017, Katana is an ERP for the manufacturing sector, with prebuilt integrations for many of the most common tools that a manufacturer might use, including e-commerce platforms (e.g., Shopify and WooCommerce), accounting (e.g., QuickBooks and Xero), shipping, forecasting, CRM, and more. Collectively, these various integrations can help a manufacturer predict what their future inventory needs will be based on historical or real-time sales data, for example, to ensure that they don’t run out of stock or parts
Katana had previously raised around $16 million in its Series A round last year, and in the intervening months, the company claims to have quadrupled its annual recurring revenue (ARR), grown its headcount from 30 to 140 and scaled its customer base from hundreds of micro-businesses to thousands of customers in the SMB segment.
On top of that, the company launched an open API for customers to build their own integrations.
With this new funding of $34 million, the company said that it’s well-financed to “bring manufacturing software into the digital era,” which will include rolling out “more advanced accounting integrations.”
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