Investors in Milpitas, California-based Pliant include Arcturas Capital, Divergent Ventures, Lightspeed Venture Partners and Menlo Ventures.

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"The cost of moving goods is always significant, " says Open Harbor investor Thomas Bredt of Menlo Ventures.

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Current investors with 5% or more of stock include Menlo Ventures, Performance Direct Investments, Crosslink Capital and First Plaza Group Trust.

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