Internet and technology conglomerate Alphabet led a $15m series A round for Altana AI, a US-headquartered developer of supply chain data software, in May this year, it revealed yesterday.
Alphabet’s GV subsidiary took part alongside Floating Point, Ridgeline Partners, Amadeus Capital Partners and Schematic Ventures, the last two having joined AlleyCorp and Working Capital’s Supply Chain Investment Fund in Altana’s $7m seed round in November 2020.
Altana has built a software platform which uses artificial intelligence to provide detailed information on supply chains, including shipments, products and other businesses.
GV general partner Karim Faris said: “Altana has cracked the code on creating intelligence from data that cannot be brought together directly because of privacy, sovereignty and intellectual property concerns.
“In just two-and-a-half years since its founding, Altana is already working with a number of the world’s most important government agencies, logistics providers and enterprises to transform how they manage global supply chains.”
