The pandemic has tested the resiliency of global supply chains in an unprecedented manner and exposed vulnerabilities. Shock waves have unsettled global trade, creating uncertainty and disruption with these impacts expected to be felt through the next few years. Altana AI is an AI-powered trade intelligence platform focused on supply chains to help organizations better position themselves for this new economic reality and remain competitive. Private sector clients on the platform are able to build a holistic picture of their entire supply chain by tracing sources, mapping out suppliers and customers, monitoring status, and formulating contingency plans for future disruptions. For governments and logistic providers, the platform provides seamless intelligence and risk ratings on individual shipments for security purposes. The company uses billions of data points to create a living map of global commerce while protecting the privacy and intellectual property of all supply chain participants. AlleyWatch caught up with Altana AI CEO and Cofounder Evan Smith to learn more about how the company is facilitating more efficient trade by alleviating bottlenecks through data, strategic plans, and latest round of funding from investors that include GV, Floating Point, Ridgeline Partners, Amadeus Capital Partners, and Schematic Ventures.
The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 9/18/21 featuring funding details for Bidgely, Arcadia, LevaData, other rounds that you need to know about.