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0.000139021290117559 -0.00127105179536075 -0.0021448999046712 -0.00295916746107406 -0.00301874801398165 -0.00762631077216403 -0.0059779154750557 -0.00440896091515735
Stock impact report

Ply Raises $8.5M in Strategic Funding Led by Ferguson to Advance Automated Inventory Replenishment

Ferguson plc Ordinary Shares (FERG) 
Company Research Source: Business Wire
The collaboration aims to transform how contractors and suppliers manage and restock materials by enabling real-time visibility and automation. NEW YORK--(BUSINESS WIRE)--Ply, a leading inventory and purchasing platform built for the trades, has raised $8.5 million in a strategic round led by Ferguson Ventures, the Corporate Venture Capital (CVC) arm of Ferguson, a leading North American value-added distributor serving the specialized professional. Existing investors Primary and SignalFire also participated in the round. Ferguson Ventures’ participation marks its 20th investment, underscoring its ongoing commitment to technologies that advance productivity in the trades. This investment establishes a collaboration to accelerate automated inventory replenishment and enhance transparency across the supply chain for contractors and suppliers.Contractors and suppliers are ready for smarter, streamlined ways to digitize inventory tracking and reordering processes. With 20–35% of contrac Show less Read more
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