Prewave
Assembly Line
Prewave Raises €63M Series B to Revolutionise Supply Chain Risk Management with AI-Driven Superintelligence Platform
Prewave, the AI-enabled sustainability, risk and compliance platform, has raised €63m in its Series B funding round, led by the global investment firm Hedosophia, with participation from existing investors Creandum, Ventech, Kompas, Speedinvest and Working Capital Fund. The new funding will be used to drive Prewave’s next phase of global growth and to support further product R&D on its proprietary AI technology to deliver the world’s only supply chain superintelligence platform.
Prewave’s end-to-end solution differentiates the company as a category leader. While many providers still rely heavily on manual inputs or legacy technology, Prewave’s next gen platform automatically maps, scores and monitors millions of supply chain nodes. Built on a decade of R&D and data training, Prewave’s academic-bred AI engine accurately identifies risk signals from vast and fragmented data sets made up of news and social media content across 400+ languages; company certifications and annual reports; government and NGO data feeds; and sanction and Politically Exposed Persons (PEP) lists.
Prewave then generates real-time predictive and reactive alerts, along with recommended actions for customers’ supply chains, risky suppliers, and sub-tier networks. By integrating all supply chain risk use cases and enabling effective end-to-end risk management throughout the lifecycle (including identification, tier-n mapping, prioritization, mitigation, and reporting and control), Prewave reduces businesses’ workload by a factor of 40 compared to manual, questionnaire-based compliance approaches.