Altana AI, an NYC-based Global Supply Chain visibility platform, secured $15 million in Series A funding.
The round was led by GV (formerly Google Ventures) with participation from Floating Point, Ridgeline Partners, and existing investors Amadeus Capital Partners and Schematic Ventures.
The company intends to use the funds to continue to expand operations and its business reach.
Company: Altana Technologies, Inc.
Raised: $15.0M
B Series A
Funding Month: September 2021
Lead Investors: GV
Additional Investors: Floating Point, Ridgeline Partners, Amadeus Capital Partners, and Schematic Ventures
Company Website: https://www.altana.ai/
Software Category: Supply Chain visibility platform
About the Company: Led by CEO Evan Smith and CSO Peter Swartz, Altana AI provides a platform for enterprises, governments, and logistics providers to connect and learn 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 presence. 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 largest logistics providers and customs agencies are using the platform to expedite lawful shipments across borders while filtering out illicit shipments.
Source: https://www.finsmes.com/2021/09/altana-ai-raises-15m-in-series-a-funding.html