About Sierra Atlantic
Sierra Atlantic is a leader in offshoring enterprise applications, helping our customers optimize their investments in enterprise business applications - ERP, CRM, and SCM " from leading vendors such as Agile, Oracle, and SAP. With expertise derived from deep R&D relationships with enterprise software leaders, we offer complete lifecycle e-business application management solutions " development, implementation, integration, upgrade and support " using our NShore methodology. We integrate these point solutions into Application Networks that enable seamless business processes within and outside the enterprise. With over 750 highly satisfied customers since 1993, Sierra Atlantic is headquartered in Silicon Valley with offices in Boston, Chicago, Dallas, New York, Toronto, London, Paris, Switzerland, Dubai, India, Malaysia and Singapore. For more information, please visit www.SierraAtlantic.com. Sierra Atlantic, Inc. 6522 Kaiser Drive Fremont, CA 94555 Phone: 510-742-4100 Fax: 510-742-4101 www.SierraAtlantic.com Sierra Atlantic, the Sierra Atlantic logo and the phrases and marks relating to other Sierra Atlantic products and services are trademarks or registered trademarks of Sierra Atlantic, Inc. About: Sierra Atlantic.
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Latest Sierra Atlantic News
Dec 22, 2022
Locus, a future-ready platform that automates supply chain decisions, today announced that it has raised $50 million in Series C funding led by GIC, Singapore’s sovereign wealth fund, with participation from Qualcomm Ventures LLC and existing investors Tiger Global and Falcon Edge. Noted angel investors Amrish Rau, CEO of Pine Labs, Kunal Shah, CEO of Cred, Raju Reddy, founder of Sierra Atlantic, and Deb Deep Sengupta, former President & MD, SAP South Asia, also participated in the round. Locus will majorly use the funds for improving geographical reach and building its research and development team to expand the product line. “Quality & patient capital allows us to focus on path-breaking R&D, helping us deliver exceptional long-term value to our customers, over incremental improvements. We will be recruiting more PhDs in our data science team and are looking to double our patents by 2022,” said Nishith Rastogi, CEO, Locus. Locus uses deep machine learning and proprietary algorithms to offer smart supply chain solutions to customers. The company’s scalable solutions have resulted in $150 million+ savings in logistics costs, 70 million+ kilometer reductions in distance traveled, and 17 million+ kilograms reduction in GHG emissions for clients across sectors like e-commerce, retail, e-grocery, CPG/FMCG, home services, home deliveries, 3PL, transportation, and B2B distribution. Locus works with top clients across North America, Southeast Asia, Europe, and the Indian subcontinent. It has offices in the USA, the UK, India, Singapore, Indonesia, Vietnam, and Germany. Locus has been on an expansion spree in the Americas, bolstering its leadership with industry veterans such as Walter Heil, Senior Vice President, Business (Americas), and Michael D. Parmett, Vice President, Customer Success. Heil previously worked at Project44 and BluJay, while Parmett was a part of 3GTMS and Manhattan Associates. “At this juncture, I would like to thank all our customers for placing their faith in us and being our partners in innovation. It gives us immense pleasure to know that we’ve added value to your supply chain and logistics operations. We are now looking to support our customers with a global footprint. Other than the geographies we are already present in, we are also investing heavily in Latin America and aggressively building our presence there,” added Rastogi. “I would also like to thank the Locus team for the efforts they put in day in and day out. I hope we can show our gratitude by creating substantial wealth for all their efforts.” “Locus’ smart product suite is optimizing supply chain efficiencies by using machine learning to deliver real-time tracking and insights for the last mile fulfillment,” said Varsha Tagare, Sr. Director, Qualcomm Technologies, Inc., and Managing Director at Qualcomm Ventures. “We’re excited to invest in Locus to enable logistics as a service and support their journey to become a global last-mile automation leader.” The company had earlier raised $30 million across multiple rounds. Share this article:
Sierra Atlantic Frequently Asked Questions (FAQ)
When was Sierra Atlantic founded?
Sierra Atlantic was founded in 1993.
Where is Sierra Atlantic's headquarters?
Sierra Atlantic's headquarters is located at 6522 Kaiser Drive, Fremont.
What is Sierra Atlantic's latest funding round?
Sierra Atlantic's latest funding round is Acquired.
How much did Sierra Atlantic raise?
Sierra Atlantic raised a total of $17.4M.
Who are the investors of Sierra Atlantic?
Investors of Sierra Atlantic include Hitachi Consulting, New Enterprise Associates, Walden International, GE Capital and Inventus Capital Partners.
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