PropelPLM Raises $3.8 Million

According to a recent SEC filing, PropelPLM secured $3.8 million in financing from an undisclosed investor.

PropelPLM’s cloud product lifecycle management (PLM) solution aims to help employees, partners, and customers deliver their best ideas to market with “the first and only PLM solution built on the Salesforce platform.” The company’s SaaS-based PLM software is up and running in a matter of weeks to keep up with changing business requirements. Propel’s cloud PLM software was awarded five stars on G2 Crowd and the Salesforce AppExchange.