Intelleflex Lands $11.5 Million For On-Demand Data Visibility Solutions

Intelleflex, a provider of on-demand data visibility solutions, announced (PDF) today that it has closed an $11.5 million Series A extension with current investors Arcapita Ventures and New Venture Partners.

Leveraging patented technology that yields a disruptive price/performance model, the Intelleflex XC3 Technology platform provides a low-cost extended-capability solution that addresses a multi-billion-dollar market opportunity for the perishable food and pharmaceutical cold supply chain, where approximately one third of temperature-sensitive products are wasted.

The new capital will be used to expand sales and marketing and accelerate key vertical-market initiatives with strategic partners, Intelleflex says.