Altana AI
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Altana Closes $200M Series C to Enable the Public and Private Sectors to Take Command of Global Value Chains
Altana, the world’s first Value Chain Management System, today announced a $200 million Series C investment led by Thomas Tull’s US Innovative Technology Fund (USIT). The funding round included participation from March Capital, Generation Investment Management, Salesforce Ventures, Friends and Family Capital, and each of Altana’s key existing investors, including GV (Google Ventures), Activate Capital, Floating Point, and OMERS Ventures. The funding brings Altana’s valuation to $1 billion.
Altana is tackling some of the world’s thorniest problems – from building economic security, to mitigating carbon emissions, to protecting critical industries and infrastructure. Its Value Chain Management System unlocks solutions that have never been possible before at scale by bringing applied AI to the infrastructure of global commerce. These include: the first-ever system to provide accurate Scope 3 carbon measurement; the ability to root out forced labor from customers’ supply chains; the ability to intelligently coordinate supply and demand across multiple tiers of the supply chain to reduce costs and working capital; the ability to price and insure against the risks of supply chain business interruptions; and, the ability to defend critical supply chains from geopolitical adversaries.
The world’s most important public and private sector organizations, including Maersk, Boston Scientific, ZF, the Lloyd’s Insurance Market, US Customs & Border Protection (US CBP), and multiple UK government agencies through the UK Global Supply Chain Intelligence Programme, all use Altana to manage their multi-tier, global value chains.
Altana Technologies Lands $100M Series B to Fund Expansion
Altana, a startup pioneering a shared source of truth on the global supply chain, announced a $100M Series B investment led by Activate Capital. OMERS Ventures participated alongside strategic investors Prologis Ventures, Reefknot Investments, and Four More Capital. Existing investors GV (formerly Google Ventures), Amadeus Capital Partners, Floating Point, and Ridgeline Partners all joined the round.
The Series B comes on the heels of dramatic sales and data network growth for Altana. The investment will fund aggressive platform and product development to empower the world’s governments, logistics providers, and businesses - including Maersk, U.S. Customs and Border Protection, BMW, Merck, and Boston Scientific - to build trusted supply chain networks on a shared source of truth.
Altana connects and learns from the world’s public and non-public data to provide a dynamic, intelligent model of the supply chain while ensuring the sovereignty, security, and privacy of the underlying data. Altana is used to accelerate and automate compliant trade, to illuminate and collaborate across multi-tier supplier relationships, and to build safe, sustainable, and resilient supply chain networks.
Altana AI Raises $15M Series A Investment to Build the Single Source of Truth On the Global Supply Chain
Altana AI has secured $15 million in Series A funding, led by GV (formerly Google Ventures). Floating Point, Ridgeline Partners, and existing investors Amadeus Capital Partners and Schematic Ventures joined the round, which closed in May 2021.
The company’s AI platform — the Altana Atlas — connects and learns from billions of data points to create a living, intelligent map of global commerce. Multinational enterprises like Boston Scientific are connecting to the Altana Atlas to map their supply chains beyond their immediate suppliers, build more resilient supplier networks, and manage risk across their global footprint. Government agencies and global logistics providers in the US and abroad are using the Altana Atlas to surface illicit activity and security threats hiding in opaque supply chain networks. To enable compliant trade at the speed of e-commerce, the world’s largest logistics providers and customs agencies are using the Altana Atlas to expedite lawful shipments across borders while filtering out illicit shipments.
Altana is pioneering a unique federated machine learning approach that enables shared global intelligence without data sharing, unlocking information that was never before available to power artificial intelligence. Karim Faris, General Partner at GV said, “Altana has cracked the code on creating intelligence from data that cannot be brought together directly because of privacy, sovereignty, and intellectual property concerns. In just two-and-a-half years since its founding, Altana is already working with a number of the world’s most important government agencies, logistics providers, and enterprises to transform how they manage global supply chains.”