Everstream Analytics, a San Marcos, CA-based global supply chain insights and risk analytics company, announced that it closed $50 million in Series B funding to fuel its cutting-edge supply chain risk and performance insights.
The round was co-led by Morgan Stanley Investment Management as part of its 1GT private equity platform and StepStone Group, with participation from existing investor Columbia Capital.
With a focus on informing strategic decisions across all supply chain functions, Everstream’s technology drives operational excellence, delivers strong financial returns, and builds lasting supply chain sustainability for the world’s most progressive and influential organizations.
“2023 has already been momentous for Everstream, and we’re not even through the first half. This funding comes when we are doubling down on our product innovation and executing rapidly and decisively to advance supply chain sustainability, which is more critical now than ever,” said Julie Gerdeman, CEO of Everstream. “I’m grateful to our customers, investors, partners, and team for their trust and collaboration as we champion this modern-day supply chain revolution.”
Everstream’s proprietary data fuels the World Economic Forum’s Value Chain Barometer to help manufacturing and supply chain companies and governments anticipate and navigate supply chain risk and disruption.
The company continues to expand its robust partner ecosystem. With market-leading collaborators such as SAP, Accenture, tive, Oracle, project44, Deloitte, FourKites, infor, BlueYonder, Kinaxis, Bain & Company, Camelot, and others, Everstream’s industry-shifting insights and recommendations are reaching the right people when and where strategic supply chain decisions are made.
Company: resilience360, Inc.
Raised: $50.0M
Round: Series B
Funding Month: March 2023
Lead Investors: Morgan Stanley Investment Management and StepStone Group
Additional Investors: Columbia Capital
Company Website: https://www.everstream.ai/
Software Category: Supply Chain Insights and Risk Analytics
About the Company: Everstream Analytics sets the global supply chain standard. Through the application of artificial intelligence and predictive analytics to its vast proprietary dataset, Everstream delivers the predictive insights and risk analytics businesses need for a smarter, more autonomous and sustainable supply chain. Everstream’s proven solution integrates with procurement, logistics, and business continuity platforms, generating the complete information, sharper analysis, and accurate predictions required to turn the supply chain into a business asset.
Source: https://www.everstream.ai/media/everstream-analytics-raises-50m-series-b-funding-for-supply-chain-sustainability/