Altana unicorn funding
Altana unicorn funding
Altana unicorn funding
News summary

Altana Technologies has achieved unicorn status with a $1 billion valuation following a $200 million Series C funding round led by the US Innovative Technology Fund and supported by various prominent investors, including Salesforce Ventures and Google Ventures. The startup's platform addresses significant supply chain challenges by providing visibility into potential risks and compliance issues, utilizing AI and a vast database of 500 million companies to enhance decision-making. Founded in 2018, Altana aims to adapt to a changing global landscape marked by trade restrictions and sustainability concerns, emphasizing the need for a new model in supply chain management. CEO Evan Smith highlighted the platform's role in navigating these complexities, asserting that the era of unbridled outsourcing is over. The technology not only identifies problematic suppliers but also helps companies evaluate the impact of potential partnerships on their supply chains. Altana's approach to integrating AI with supply chain management seeks to foster a more resilient and transparent global supply chain ecosystem.

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