HICX, a supplier data management platform for large enterprises, has secured a £15 million growth funding and refinancing package from HSBC Innovation Banking and existing investor Wavecrest Growth Partners.
HICX provides a platform that large organizations use to manage supplier onboarding, supplier information, risk and performance through a single supplier data foundation. The company plans to use the capital to invest in its platform and customer roadmap, expand commercial capability and pursue selective acquisitions, according to a news release. HICX was founded in 2004 and currently supports deployments in more than 120 countries.
“At a time when AI automation and regulation are both raising the stakes, this is a strong vote of confidence in our position as the governed supplier data foundation that large enterprises rely on to ensure their supply chains can run smoothly,” HICX CEO Dafydd Llewellyn said in a news release.
