⛓️🧠 Multinationals turn to generative AI to manage supply chains
Navneet Kapoor, chief technology officer at Maersk, said “things have changed dramatically over the past year with the advent of generative AI”, which can be used to build chatbots and other software that generates responses to human prompts.
New supply chain laws in countries such as Germany, which require companies to monitor environmental and human rights issues in their supply chains, have driven interest and investment in the area.
Altana Technologies Lands $100M Series B to Fund Expansion
Altana, a startup pioneering a shared source of truth on the global supply chain, today 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.