Overview

Altana AI offers a platform called Altana Atlas, which creates an intelligent map of the global supply chain using artificial intelligence. This platform automates tasks, assists in searches, and provides real-time alerts and recommendations, allowing businesses like manufacturers and retailers to collaborate effectively. Altana AI distinguishes itself by providing insights from over 120 million supply chain links, with a significant amount of proprietary data. The company's goal is to enhance the resilience and sustainability of supply chains while preventing disruptions and unethical practices.

Simplify's Take

What believers are saying

• Altana's $200M Series C funding boosts its growth and innovation potential.
• Partnerships with major entities like Maersk enhance Altana's market credibility.
• The UK Government contract expands Altana's influence in public sector supply chains.

What critics are saying

• Emerging AI-driven platforms could challenge Altana's market position.
• Rapid AI advancements may render Altana's features obsolete if not updated.
• Data privacy regulations could impact Altana's data collection and utilization.

What makes Altana AI unique

• Altana provides a unique, intelligent map of the global supply chain.
• The platform integrates AI to automate tasks and provide real-time collaboration.
• Altana's proprietary data offers insights from over 120 million supply chain links.

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Funding

Total Funding

$323.5M

Above

Industry Average

Funded Over

5 Rounds

$200,000,000

Series C

Jul 2024

Series C funding is usually for startups that are doing well and are looking for more money to fuel major growth, such as acquiring other companies, expanding into global markets, or launching new product lines. Investors typically include larger venture capital firms and private equity.

Series C Funding Comparison

Above Average

Industry standards

Ind Avg. $50M

$16M

$40M

$50M

$62M

$100M

$200M

View all funding stages