Altana Technologies

Canvas Category Software : Supply Chain : General

Website | Blog

Primary Location New York, New York, United States

Financial Status VC-A; GV, Floating Point, Ridgeline Partners, Amadeus Capital Partners, Schematic Ventures

The Altana Atlas is an AI model that connects and learns from billions of data points to create the single source of truth on the global supply chain.

Assembly Line

⛓️🧠 Multinationals turn to generative AI to manage supply chains

📅 Date:

✍️ Author: Oliver Telling

🔖 Topics: Generative AI, Supply Chain Control Tower

🏢 Organizations: Unilever, Siemens, Maersk, Pactum, Walmart, Scoutbee, Altana Technologies

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.

Read more at Financial Times

Altana Technologies Lands $100M Series B to Fund Expansion

📅 Date:

🔖 Topics: Funding Event

🏢 Organizations: Altana Technologies, Activate Capital

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.

Read more at Business Wire