Altana Secures $200M Series C to Enhance Global Value Chains

 



Altana, the world’s first Value Chain Management System, has recently secured a $200 million Series C investment led by Thomas Tull’s US Innovative Technology Fund (USIT). The funding round also saw participation from March Capital, Generation Investment Management, Salesforce Ventures, Friends and Family Capital, and each of Altana’s key existing investors, including GV (Google Ventures), Activate Capital, Floating Point, and OMERS Ventures. This investment has brought Altana’s valuation to $1 billion.


In recent years, governments have implemented numerous trade restrictions, economic security, procurement, climate, and national security policies aimed at regulating global value chains, marking a shift from decades of trade liberalization. Businesses are now required to understand and manage their global value chains, from the sourcing and processing of raw materials, through intermediate production and final assembly, to sale and end use. Prior to Altana, there was no means of understanding, connecting, or managing across these extensive networks beyond direct buyer-supplier relationships.


Evan Smith, CEO and co-founder of Altana, stated, “Great power competition, climate change, and the breakdown of globalization are generational challenges that require a new model for managing global business, including a more assertive role for government. The era of unbridled outsourcing is over. Our platform is uniquely suited to facilitate a new paradigm – organized around trusted global value chains. And this investor group is uniquely suited to accelerate our go-to-market efforts with both governments and enterprises globally. We couldn’t have better partners joining this mission.”


Altana is addressing some of the world’s most complex issues – from building economic security, to mitigating carbon emissions, to protecting critical industries and infrastructure. Its Value Chain Management System unlocks solutions that have never been possible before at scale by bringing applied AI to the infrastructure of global commerce. These include: the first-e.


More Information : https://www.techdogs.com/tech-news/business-wire/altana-closes-200m-series-c-to-enable-the-public-and-private-sectors-to-take-command-of-global-value-chains

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