Amplio Raises $6 Million in Seed Funding
Wednesday, December 7th, 2022
Supply chain management startup Amplio announced today that it has raised $6 million in seed funding led by Construct Capital, Slow Ventures, Koch Disruptive Technologies, and several angel investors close to the supply chain space in its first public debut as a company. Amid global supply chain bottlenecks, co-founders Taha Zinifi and Trey Closson launched Amplio during the pandemic and have developed a one-stop-shop for manufacturers to streamline material procurement and make better purchasing decisions. As a result, their clients improve their margins and keep their production lines running.
The company launched in 2021 when co-founders Trey Closson and Taha Zinifi experienced the serious bottlenecks occurring in supply chains globally first hand in their roles at Georgia Pacific and project44. In their respective roles managing supply chain visibility from the vendor and operator sides, Closson and Zinifi are intimately familiar with the challenges presented by the sheer number of factors that can delay or impact manufacturing such as chip shortages and part delays.
Closson, who was previously responsible for international logistics at Georgia Pacific, first experienced disruptions to supply chains while managing international logistics for a large automaker. When the Fukushima nuclear disaster created the need for emergency expedites, he started strategizing how manufacturers can improve their resiliency. On the other hand, Zinifi had a unique appreciation for the struggle of the Average Joe in the supply chain. "I've watched my dad, a lifetime freight forwarder, work tirelessly to help his customers navigate critical disruptions. I knew that, growing up, I wanted to do the same at scale". A graduate in Data Science and second time entrepreneur, he was an early employee at project44, the leading supply chain visibility platform.
While there are plenty of other incremental pieces of the solution on the market, there was no singular platform to combine all the pieces of the supply chain management puzzle that gives operators access to additional supply in the same place. They received support to pursue the idea through a joint venture studio between Koch Industries and High Alpha Innovation.