Altana, the trailblazer in Value Chain Management Systems, has successfully closed a $200 million Series C funding round. Led by Thomas Tull’s US Innovative Technology Fund (USIT), this round also saw contributions from March Capital, Generation Investment Management, Salesforce Ventures, Friends and Family Capital, and Altana’s key existing investors, including GV (Google Ventures), Activate Capital, Floating Point, and OMERS Ventures. This investment elevates Altana’s valuation to an impressive $1 billion.
The funding will bolster Altana’s mission to provide unprecedented transparency and management capabilities across global value chains. Altana’s platform, leveraging AI to map and optimize supply networks, addresses critical issues such as economic security, carbon emissions, and supply chain resilience. “In this era of heightened global challenges, the need for robust supply chain management solutions is more pressing than ever,” stated Evan Smith, CEO and Co-Founder of Altana. “Our platform’s ability to deliver accurate data and facilitate collaborative management across industries is crucial for navigating the complexities of modern globalization.”
Peter Tague, Managing Partner at USIT, emphasized the strategic importance of Altana’s technology: “Altana’s innovative approach to supply chain intelligence empowers organizations to understand and mitigate vulnerabilities while ensuring data privacy. We are excited to support their efforts in making global business more resilient and sustainable.”
Editorial Opinion:
Altana’s Series C funding signifies a transformative leap in the realm of global value chain management. The company’s sophisticated approach to integrating AI with comprehensive supply chain data offers a groundbreaking solution to longstanding challenges in global commerce. By providing a unified view of complex supply networks, Altana is addressing critical needs in economic security, sustainability, and operational efficiency.
The strategic support from leading investors, particularly USIT and prominent venture funds, highlights the confidence in Altana’s vision and technology. As Altana prepares to scale its operations and refine its offerings, it is well-positioned to lead the charge in redefining how businesses and governments manage and secure their value chains. The platform’s potential to enhance visibility and coordination across global networks represents a significant advancement in achieving more resilient and transparent supply chains.
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