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Altana Raises USD 100M to Enhance AI-Powered Supply Chain Visibility

By ET Bureau - October 07, 2022 1 Mins Read

Altana-Raises-USD-100M-to-Enhance-AI-Powered-Supply-Chain-Visibility (1)

Altana Technologies, based in New York, has declared that it has raised USD 100 million in a series B round of funding.

The company raised a much smaller series A round of USD 15 million in September 2021; the new funding comes only a year later. Altana employs AI for a variety of things. Beginning with the raw data it can access across the federated network, AI aids Altana in creating a model of the supply chain world. The Altana platform asserts that they currently place a significant emphasis on trade, including supply chain visibility and resiliency, as well as assisting organizations in comprehending business continuity risks.

The funds will be used by the company to create a capability that exposes supply chain sustainability data.

Read More: AI-powered supply chain visibility boosted as Altana raises $100M

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