Everstream Raises $24 Million To Leverage AI For Predictive Supply Chain Risk Assessment
Supply chain analytics company Everstream uses AI and machine learning to protect and streamline supply chain business. Today they have announced a Series A funding round of $24 million.
Created on May 19|Last edited on May 20
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Supply chains are a delicate and complex structure, something that goes under the nose of the everyday person. However, last year with the Ever Given (no relation to Everstream) fiasco, many of us came to understand, if briefly, just what can happen in supply chain disaster events.
While mess-ups at the scale of what happened there are few and far between, little hiccups are a constant threat for smaller scale supply chain operations.
Recognizing the fragility of the supply chain, Everstream is a company that offers a number of tools to support and protect all facets of what goes on in the supply chain. These tools include features that leverage the power of machine learning for things like dynamic predictive risk assessments and event monitoring. With the power of AI, their tools can help companies make sure things go right on the small and large scale of supply chain operations.
Who's funding Everstream and where's the money going?
Today Everstream announced the completion of a Series A funding round totaling $24 million. The funding round was led by Morgan Stanley Investment Management with additional participation from StepStone Group, DHL, and Columbia Capital.
They say the raised capital will be going towards further innovation of their products and global expansion of their business.
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