By ET Bureau - October 07, 2022 1 Mins Read
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.
The platform covers e entire enterprise technology space- including emerging technologies like RPA, AI, cloud, automation, and the entire gamut of digital transformation tools, strategies and management decisions.
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