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Madison Heights-based Xeeva, Inc., which uses artificial intelligence to help customers streamline their supply chain, announced it has got an investment of more than $40 million, which was led by PeakEquity Partners, a private-equity firm in Radnor, Pa.

Sourcing Release 13 Objectives Xeeva Sourcing Release 13.0 (R13) significantly improves the performance and usability of the system with a particular focus on making it easier to quickly define and execute tactical sourcing projects or events to rapidly realize savings. In particular, insights identified by Xeeva Spend Analytics can be directly actioned into Xeeva Sourcing as a new opportunity that the sourcing team can quicky act upon with minimal need for additional data input. In...