Altana Technologies, a New York-based startup pioneering a shared source of truth in the global supply chain, announced that it raised $100 million in a Series B funding, bringing Altana's total raised to $123 million.
The round was led by Activate Capital, with participation from OMERS Ventures, Prologis Ventures, Reefknot Investments, and Four More Capital.
Existing investors GV (formerly Google Ventures), Amadeus Capital Partners, Floating Point, and Ridgeline Partners also joined the round.
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.
"The nexus of climate change, inflation, wealth inequality, and national security is the supply chain," said Evan Smith, CEO, and co-founder of Altana. "We're empowering the public and private sectors to refactor global supply chains around trusted networks. This investment reflects the importance of our mission in this era of dislocation. We are proud and grateful for these new partnerships as we build toward our vision of Globalization 2.0 - a new era of globalization defined by trusted networks, which span and connect governments, businesses, and civil society to shape a more resilient, secure, inclusive, and sustainable world."
Company: Altana Technologies, Inc.
Round: Series B
Funding Month: October 2022
Lead Investors: Activate Capital
Additional Investors: OMERS Ventures, Prologis Ventures, Reefknot Investments, Four More Capital, GV, Amadeus Capital Partners, Floating Point, and Ridgeline Partners
Company Website: https://www.altana.ai/
Software Category: AI-Supply chain Visibility platform
About the Company: Founded in 2018 by Evan Smith, Raphael Tehranian, Peter Swartz, and Alan Bersin, Altana Technologies 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 accelerates and automates compliant trade, illuminates and collaborates across multi-tier supplier relationships, and builds safe, sustainable, and resilient supply chain networks. Its vision is Globalization 2.0: new era globalization is defined by trusted networks that span and connect nation-states, businesses, and civil society in resilient, secure, sustainable, and inclusive global business networks. Altana has 20 customers, including brands like UPS and several undisclosed government agencies.