Avetta

Avetta

Supply chain risk management and compliance solutions

About Avetta

Simplify's Rating
Why Avetta is rated
A-
Rated A on Competitive Edge
Rated B on Growth Potential
Rated A on Rating Differentiation

Industries

Consulting

Industrial & Manufacturing

Company Size

501-1,000

Company Stage

Late Stage VC

Total Funding

$34M

Headquarters

Irvine, California

Founded

2003

Overview

Avetta provides solutions for supply chain risk management and compliance, focusing on enhancing safety, sustainability, and operational efficiency for businesses. Its main product, Avetta Connect, is a cloud-based platform that helps companies vet, onboard, and manage their suppliers and contractors. This platform ensures that supply chains meet regulatory standards and best practices, which helps reduce risks and improve performance. Avetta stands out from competitors by offering a comprehensive service that includes not only platform access but also additional support like insurance and compliance assistance. The company's goal is to help clients achieve their sustainability objectives while maintaining high safety standards.

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Simplify's Take

What believers are saying

  • Growing demand for ESG compliance aligns with Avetta's platform capabilities.
  • AI-driven analytics in supply chain management boost Avetta's Supplier Analytics solution.
  • Digital transformation in construction increases need for Avetta's cloud-based platform.

What critics are saying

  • Emerging competitors may offer more innovative or cost-effective solutions.
  • Rapid technological advancements require continuous platform updates, straining resources.
  • Economic downturns in key sectors could reduce demand for Avetta's services.

What makes Avetta unique

  • Avetta's cloud-based platform, Avetta Connect, streamlines supplier and contractor management.
  • The company offers integrated compliance solutions, including safety, ESG, and cybersecurity.
  • Avetta's partnerships with insurance providers enhance its value proposition with competitive benefits.

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Funding

Total Funding

$34M

Above

Industry Average

Funded Over

1 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Remote Work Options

Hybrid Work Options

401(k) Retirement Plan

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

-1%
The Manila Times
Nov 12th, 2024
Avetta Named a Leader in Supply Chain Sustainability Software by Independent Research Firm

LEHI, Utah and HOUSTON, Nov. 12, 2024 (GLOBE NEWSWIRE) - Avetta(R), the leading provider of supply chain risk management (SCRM) software, has been recognized as a leader for Supply Chain Sustainability Software by the independent research firm Verdantix.

GlobeNewswire
Oct 8th, 2024
Avetta Appoints Brandon Grinwis as Chief Financial Officer

Avetta appoints Brandon Grinwis as Chief Financial Officer.

OH&S Online
Sep 18th, 2024
Avetta and NSC Partner to Launch New Safety Maturity Index

Avetta and NSC partner to launch new Safety Maturity Index.

World of Culture Times
Sep 17th, 2024
Avetta Partners with the National Safety Council to Introduce the Safety Maturity Index(TM), a Revolutionary Step Forward in Contractor Safety

LEHI, Utah and HOUSTON, Sept. 17, 2024 (GLOBE NEWSWIRE) - Avetta(R), the leading provider of supply chain risk management (SCRM) software, has announced a partnership with the National Safety Council (NSC) to launch the Safety Maturity Index(TM) (SMI).

Yahoo Finance
Aug 13th, 2024
Avetta Named A Top Contractor Management Solution In Canadian Occupational Safety'S Readers' Choice Awards

AvettaCALGARY, Alberta, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Avetta®, the leading provider of supply chain risk management (SCRM) software, was named a Canadian Occupational Safety’s Readers’ Choice in the Contractor Management Solutions category. This is the sixth time the company has received this recognition.“Avetta has made a commitment to helping our clients, suppliers, and contractors alike build safe, secure, and sustainable workplaces,” said Arshad Matin, CEO of Avetta. “We’re honored to be recognized by those we serve for the work we’re doing to help them streamline contractor management, maintain compliance, and minimize workplace injuries and fatalities.”As contractors increasingly use subcontractors to enhance the services provided to clients, it is critical that workers are qualified for the work they’re hired to do. Avetta improves visibility and simplifies contractor and subcontractor sourcing. From gathering insights to checking compliance, Avetta provides clients with an in-depth view of all the information they need to streamline contractor management with just a few clicks.The survey for the Canadian Occupational Safety’s ninth annual Readers’ Choice Awards 2024 took place between April 1 and 26, 2024

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