Prewave Secures $67M in Series B to Enhance AI-Driven Sustainability and Compliance Platform
Prewave is revolutionizing the way companies manage supply chain risks and compliance.
Company Name: Prewave
Location: Vienna, Austria
Sector: Technology, Risk and Compliance
Funding Details: Raised $67M in Series B funding. The round was led by Hedosophia, with participation from existing investors Creandum, Ventech, Kompas, Speedinvest, and Working Capital Fund.
Purpose of Investment: To drive the next phase of global growth and support further product R&D on its proprietary AI technology.
Leadership: Details about specific leadership roles not provided in the original information.
Product: Prewave’s sustainability, risk, and compliance platform addresses complex supply chain challenges by providing an end-to-end solution that automatically maps, scores, and monitors millions of supply chain nodes. The platform utilizes AI to analyze risk signals from vast and fragmented data sets, including news and social media content in over 400 languages, company certifications, annual reports, government and NGO data, as well as sanction and Politically Exposed Persons (PEP) lists.
About Company: Prewave is revolutionizing the way companies manage supply chain risks and compliance. With over 200 companies, including high-profile names like Lufthansa, Toyota, Ferrari, and Dr Oetker, already using its platform, Prewave is committed to enhancing the resilience and sustainability of global supply chains. The platform's AI-driven insights help businesses stay ahead of potential risks and maintain compliance, supporting sustainable business practices across industries.