Everstream Analytics, a global supply chain insights and risk analytics firm, has raised $50m in a Series B funding round.
Leading the round were Morgan Stanley Investment Management and StepStone Group, with Columbia Capital also participating.
With a vast database and advanced data science and meteorological expertise, Everstream claims it offers deeper predictive capabilities in areas like climate that other providers cannot.
The company was recently named one of the World’s Most Innovative Companies for its application of AI and predictive analytics to anticipate and mitigate the entire spectrum of global supply chain risk.
Everstream said it continues to outpace and out-innovate its competitors while delivering unmatched value to clients. It has a proven track record of significantly reducing the time and effort required to map a supply chain at the n-tier level.
Capital raised will help Everstream’s supply chain risk and performance insights. With a focus on informing strategic decisions across all supply chain functions, Everstream’s technology drives operational excellence, delivers strong financial returns, and builds lasting supply chain sustainability for the world’s most progressive and influential organizations.
Everstream CEO Julie Gerdeman said, “2023 has already been momentous for Everstream, and we’re not even through the first half. This funding comes when we are doubling down on our product innovation and executing rapidly and decisively to advance supply chain sustainability, which is more critical now than ever. I’m grateful to our customers, investors, partners and team for their trust and collaboration as we champion this modern-day supply chain revolution.”
IntegrityNext, a firm with a mission to make supply chains more sustainable with better ESG compliance and oversight, recently bagged €100m in new investment.
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