
Total amount raised
$322 Millions
Latest funding date
7/1/2024

Location
Altana has successfully raised significant funding through multiple rounds, with notable investors such as US Innovative Technology Fund and OMERS Ventures. The platform leverages AI to provide a comprehensive map of the global supply chain, aiding in compliance, procurement, and risk management.
Keep reading to delve into the details of Altana's funding journey and the strategic investors supporting its innovative solutions.
What Is Altana?
Altana, founded in 2018, is based in New York, New York. The company was established by Evan Smith, Peter Swartz, and Raphael Tehranian.
Altana empowers governments, logistics providers, and enterprises with an intelligent, dynamic map of the global supply chain. Their platform, "The Altana Atlas," leverages AI to offer visibility and insights into global supply chains.
With a team of 101-250 employees, Altana focuses on compliance management, sourcing and procurement, insurance solutions, and value chain regulatory reporting.
How Much Funding Has Altana Raised?
- Seed Round
- Amount Raised: $7M
- Date: November 2020
- Lead Investors: Amadeus Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the initial development of their AI-driven supply chain platform.
- Series A
- Amount Raised: $15M
- Date: September 2021
- Lead Investors: Google Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and expand its AI capabilities.
- Series B
- Amount Raised: $100M
- Date: October 2022
- Lead Investors: Activate Capital Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and enhance its market presence.
- Series C
- Amount Raised: $200M
- Date: July 2024
- Lead Investors: US Innovative Technology Fund
- Valuation at Round: $1 billion
- Motivation Behind the Round: To support product development, focusing on AI-driven, collaborative workflows.
Total Amount Raised: $322M. Current Valuation: $1 billion.
Key Investors
- US Innovative Technology Fund
- Details: Led by Thomas Tull, this fund supports early- and growth-stage technology companies with dual-use applications for both commercial and defense sectors.
- Investment Focus Areas: Defense tech, artificial intelligence, logistics, space, tech bio, future of computing.
- Notable Investments: Halo Industries, Celestial AI, Lambda.
- Google Ventures (GV)
- Details: The venture capital arm of Alphabet Inc., GV invests in various sectors including technology and life sciences.
- Investment Focus Areas: Technology, life sciences, AI, robotics, transportation, cybersecurity.
- Notable Investments: Not publicly disclosed.
- Activate Capital Partners
- Details: A venture capital firm that invests in transformative companies, focusing on sustainable energy and industrial technology.
- Investment Focus Areas: Sustainable energy, industrial technology, transformative companies.
- Notable Investments: Not publicly disclosed.
- Amadeus Capital Partners
- Details: A global technology investor, Amadeus Capital Partners focuses on backing entrepreneurs to build great companies.
- Investment Focus Areas: Technology, healthcare, AI, cybersecurity.
- Notable Investments: Not publicly disclosed.
- OMERS Ventures
- Details: The venture capital investment arm of OMERS, one of Canada’s largest pension funds, focusing on technology companies.
- Investment Focus Areas: Technology, healthcare, fintech, enterprise software.
- Notable Investments: Not publicly disclosed.
What's Next for Altana?
Altana's future looks promising with significant opportunities to enhance its AI-driven platform, focusing on security, procurement, compliance, and sustainability. The $200 million Series C funding and a $1 billion valuation underscore the vast potential in optimizing global supply chains. Industry trends highlight the growing importance of AI in managing supply chain complexities, driven by new trade restrictions and climate policies.
Future fundraising seems likely, given the strong investor confidence and the expanding market for advanced supply chain solutions. However, Altana may face challenges such as staying ahead of technological advancements and navigating global trade complexities. Ensuring data security and maintaining a competitive edge will be crucial as the company continues to grow.
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