Observed Signal · Sep 21, 2022 · Funding · Source: Trending Topics · Impact: 2/5 · Sentiment: Positive
Prewave Raises €11M Series A for AI Supply Chain Monitoring
Prewave, a Vienna-based TU Wien spin-off co-founded by Lisa Smith and Harald Nitschinger, has raised €11 million in Series A funding. The round was led by KOMPAS and Ventech, with participation from existing early-stage investors including aws Gründerfonds, IST cube, seed + speed, Segnalita, Speedinvest, and Working Capital Fund. Prewave provides AI-based supplier monitoring for procurement, supply chain, and sustainability managers. Its customers include AB InBev, Audi, BMW, Porsche, PwC, Toyota, and Zurich Insurance, and revenue reportedly grew tenfold in the ten months before the announcement. The company says it will use the capital to build a multi-tier supply chain risk solution covering the full risk lifecycle. The investment comes ahead of Germany's new supply chain due diligence law taking effect in January 2023.
Series A funding for an AI-driven supply chain risk platform; relevant to the broader AI-for-business landscape but peripheral to core AdTech and MarTech.
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Key Takeaways & Evidence Grounding
- Prewave raised €11 million in Series A funding.
- The round was led by KOMPAS and Ventech, with participation from aws Gründerfonds, IST cube, seed + speed, Segnalita, Speedinvest, and Working Capital Fund.
- Prewave's customers include AB InBev, Audi, BMW, Porsche, PwC, Toyota, and Zurich Insurance.
- The company says revenue grew tenfold in the ten months preceding the announcement.
- Prewave plans to use the funds to develop a multi-tier supply chain risk platform.
Connected Companies & Entities
8 Entities mapped“Zu den Kunden gehören dem Startup zufolge ABinBev, AUDI, BMW, Porsche, PWC, Toyota und Zurich Insurance, der Umsatz soll sich in den letzten...”
“Zu den Kunden gehören dem Startup zufolge ABinBev, AUDI, BMW, Porsche, PWC, Toyota und Zurich Insurance, der Umsatz soll sich in den letzten...”
“Zu den Kunden gehören dem Startup zufolge ABinBev, AUDI, BMW, Porsche, PWC, Toyota und Zurich Insurance, der Umsatz soll sich in den letzten...”
“Zu den Kunden gehören dem Startup zufolge ABinBev, AUDI, BMW, Porsche, PWC, Toyota und Zurich Insurance, der Umsatz soll sich in den letzten...”
“Zu den Kunden gehören dem Startup zufolge ABinBev, AUDI, BMW, Porsche, PWC, Toyota und Zurich Insurance, der Umsatz soll sich in den letzten...”
“Zu den Kunden gehören dem Startup zufolge ABinBev, AUDI, BMW, Porsche, PWC, Toyota und Zurich Insurance, der Umsatz soll sich in den letzten...”
“Zu den Kunden gehören dem Startup zufolge ABinBev, AUDI, BMW, Porsche, PWC, Toyota und Zurich Insurance, der Umsatz soll sich in den letzten...”
“Mit dabei sind auch die Frühphasen-Investoren aws Gründerfonds, IST cube, seed + speed, Segnalita, Speedinvest und Working Capital Fund, hei...”
Ontology Mapping & Concepts
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