Altana AI Stock

altana.aiEnterprise Software / Data IntelligenceFounded: 2018Funding to Date: $162.2MM

Altana AI, founded in 2018, is a technology company that aims to empower governments and businesses to understand global supply chains. They are the developer of a platform designed with the goal of producing comprehensive economic modeling and offering predictive insights that inform strategic decision-making and supply chain management. Altana AI is headquartered in New York, New York.

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Team

Management Team

Evan Smith
Co-Founder & Chief Executive Officer
Raphael Tehranian
Co-Founder & Chief Operating Officer
Peter Swartz
Co-Founder & Chief Science Officer
Ian Cadieu
Chief Technology Officer
Jonathan Prince
Chief Marketing Officer

Board Members

Karim Faris
GV

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Artificial intelligence startup Altana has launched its next-generation Atlas, a dynamic map of the global supply chain for businesses, governments and logistics firms. The AI-powered Atlas uses public and private data to map the supply chain and includes a large language model-informed assistant that responds to user queries in plain language. The system has been used by entities like U.S. Customs and Border Protection, Maersk, and Boston Scientific, among others, to monitor supply chain issues, comply with trade laws, and root out forced labor.
Artificial intelligence (AI) is being used by brands to manage supply chains and eliminate the risk of forced labor and other human rights violations. Supply-chain management software FRDM uses AI to fill data gaps in supply chains and mine large data sets for risk intelligence. Other companies like Altana AI, (en)visible, Provenance, and Sourcemap are also incorporating AI to increase visibility into global supply chains and reduce or eliminate social and environmental risks.
The US Customs and Border Protection agency has partnered with Altana, a supply-chain mapping company, on a three-year contract worth nearly $10 million. Altana's AI-based Atlas, which compiles data to track global goods movement, will be used to help enforce the US ban on goods potentially linked to forced labour in China.
Altana Technologies, a startup mapping global supply chains, has raised $100 million in a Series B round. The company aims to offer a shared source of truth around supply chains, absorbing data and utilising software to provide a central source of truth. Altana uses machine-learning algorithms to calculate business risk, verify sustainability claims, and potentially speed up customs clearance. The company's CEO, Evan Smith, formerly led Panjiva, a trade data and intelligence firm sold to S&P in 2018.
Updated on: Jul 26, 2024

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