US-based inventory tracking technology provider Revionics has raised $30m in a series D round from investment bank Goldman Sachs, Austin Business Journal reported on Monday.
Revionics raised $5m from Motorola Solutions Venture Capital, the corporate venturing unit of wireless equipment manufacturer Motorola Solutions, in February 2014.
The company has now raised approximately $56.4m altogether from investors also including venture capital firm Sierra Ventures.
Founded in 2002, Revionics provides retailers with software to track inventory and set prices. It will use the series D funding to support growth and increase research and development ahead of an expected initial public offering.