(Relay: Raleigh, N.C.) -- Relay, the system of action for physical operations, announced it has raised $36 million in new funding, bringing total capital raised to over $90 million. Relay’s latest funding round, which was significantly oversubscribed, represents a powerful alignment among industry leaders with Relay’s vision for the future of frontline work, one that’s safer, better connected, and empowered with the spoken intelligence of its workers.
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As a strong signal of Relay’s growing leadership in helping industrial companies digitally transform their operations, the round was led by International Paper, a Fortune 500 leader in sustainable packaging solutions with more than 125 years of manufacturing experience. Other new investors include Cerity Partners, a nationally recognized wealth management and investment management firm with more than $150 billion in assets under management-serving institutions, business owners, and individuals. Cerity Partner Ventures manages venture investments for Fortune 500 companies. Earlier lead investor G2 Venture Partners also increased their investments in this round.
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