Despite the economic downturn, companies that solve real problems are still successfully raising money. Aravo, a SAAS supplier information management tool, announced today that they closed $7 million in Series D funding.
Currently, Aravo claims their GE installation is the largest single SAAS deployment. “We are now managing over 500,000 suppliers and their data in Aravo, and have just gone live in six languages,” said Gary Reiner, CIO of GE.
