New capital to drive continued growth and market leadership in food, beverage, and consumer packaged goods markets, accelerate expansion initiatives and support customers.
SafetyChain Software, the leading cloud-based plant management software solution for manufacturers, today announced that it has received a $50 million minority growth investment from JMI Equity (“JMI”), a growth equity firm focused on investing in leading software companies. With the additional capital SafetyChain will continue to advance its market leadership positions in food and beverage and consumer packaged goods while also accelerating the growth of several key expansion initiatives.
“When we started SafetyChain, we set out to disrupt an industry still largely reliant on manual processes by ensuring manufacturers had the tools needed to maximize yield, increase productivity and maintain compliance measures through a unified cloud-based platform,” said Barry Maxon, Co-Founder and CEO of SafetyChain. “I am incredibly proud of the platform we’ve developed over the past 10 years and the trust we’ve established with our loyal customers. Thanks to our partnership with JMI, I am confident that SafetyChain will be well-positioned to expand our offerings and help more customers enhance their performance not only in our core markets but also in new market segments and geographies.”
Founded in 2011, SafetyChain Software provides a cloud-based plant management platform for process manufacturers. With products spanning supply chain, safety, quality, compliance, and production management, SafetyChain offers a centralized solution for measuring and integrating key performance indicators across customer facilities and suppliers. The comprehensive solution helps manufacturers improve material yield, maximize plant productivity, and ensure compliance – thereby reducing waste, risk, and cost in the process. SafetyChain counts many of the nation’s leading consumer packaged goods and food and beverage companies among its customers, including Albertson’s, Driscoll’s, JBS, Tyson Foods, and more.
“By consistently delivering innovative solutions and meaningful ROI to customers, SafetyChain has become a proven market leader in quality, compliance, and production management,” says Sureel Sheth, Principal at JMI. “We believe the company will continue to lead digital transformation across all manufacturing sectors, and we are excited to partner with Barry and the entire SafetyChain team.”
Added Peter Arrowsmith, Managing General Partner at JMI, “SafetyChain embodies the qualities we look for in successful SaaS businesses: tremendous potential to expand value with existing customers, market expansion opportunities, and agility to address global needs. We’re thrilled to partner with SafetyChain to build momentum and scale.”
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