Everstream raises $24 million to overcome supply chain complexity and disruption
Everstream Analytics, a global risk analytics and supply chain insights company, announced the closing of a $24 million Series A funding round. With the arrival of a new investor, Morgan Stanley Investment Management, and increased commitment from existing investors Columbia Capital, StepStone Group and DHL, the funding follows a significant acceleration in the company’s growth. Additionally, the company announced that as part of an increased focus on partners and alliances, it has named Andy McGuire to lead global alliances. With existing partners including Oracle, SAP, Accenture and others, McGuire will lead the company’s efforts to enter new market segments and accelerate revenue growth through new strategic partnerships.
So far in 2022, Everstream has grown its customer base by 550% and welcomed new banner customers including AB InBev, KIOXIA, Shaw Industries, Whirlpool, etc. She launched an automated tiered visibility solution within an end-to-end supply chain risk management platform and expanded the leadership team with strategic hires. The capital raised will propel innovation and continued global expansion while continuing to outpace the competition.
“The past 2 years have highlighted the criticality of supply chain resilience. Everstream gives businesses visibility and insights to discover and predict supply chain disruptions, weather events and other disasters to human, sustainability and environmental risks across their entire supply chain,” said Julie Gerdeman, CEO of Everstream. “With record numbers of new and existing customers expanding their use of the platform , now is the perfect time to mobilize strategic financing to fuel commercialization expansion across the world and accelerate product innovation.”
Everstream’s global customer base includes some of the world’s leading brands, including Google, DuPont, Bayer, Unilever and Schneider Electric, who are committed to building the smartest and most sustainable supply chains.
Everstream recently extended its predictive analytics platform to provide deep visibility into the supply chain, enabling companies to map, monitor, assess, predict risk and strengthen even the toughest global supply chains. complex. Called Everstream Discover, the solution is powered by proprietary data, AI and graph technologies. Nidhi Chopra, vice president of product, takes the lead in product innovation.
For more information, visit www.everstream.ai.