Observed Signal · Jun 25, 2024 · Funding · Source: Trending Topics · Impact: 2/5 · Sentiment: Positive
Vienna AI Startup Prewave Raises €63M for Supply Chain Monitoring
Vienna-based AI startup Prewave, which monitors supply chain risks for corporations, has raised €63 million in a funding round led by UK-based Hedosophia, with participation from existing investors Creandum, Ventech, Kompas, Speedinvest, and Working Capital Fund. Founded by Lisa Smith and Harald Nitschinger, the company uses AI to scan news and social media in over 400 languages to identify risks such as sanctions, certifications, and ESG issues. It serves 200 clients including Ferrari, Dr. Oetker, Kärcher, Hilti, and Lufthansa. The fresh capital will be used for geographic expansion and further development of its AI engine. The EU's Corporate Sustainability Due Diligence Directive (CS3D) is creating significant demand for such compliance software. The company employs 180 people and is one of the largest funding rounds in Austria this year. Competitors in the space include shipzero and osapiens, which have also raised funds.
European AI startup raises significant funding, relevant to AI technology investments but not directly impacting the AdTech industry.
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Key Takeaways & Evidence Grounding
- Prewave raised €63 million in a funding round led by Hedosophia.
- Existing investors Creandum, Ventech, Kompas, Speedinvest, and Working Capital Fund participated.
- Prewave serves 200 customers, including Ferrari, Dr. Oetker, Kärcher, Hilti, and Lufthansa.
- The company has 180 employees and plans to expand geographically and enhance its AI.
- The EU's CS3D directive is driving demand for supply chain monitoring software.
Connected Companies & Entities
7 Entities mapped“Die aktuelle Finanzierungsrunde wurde von Hedosophia aus Großbritannien angeführt....”
“Zudem beteiligten sich die Bestandsinvestoren Creandum, Ventech, Kompas, Speedinvest und Working Capital Fund....”
“Zudem beteiligten sich die Bestandsinvestoren Creandum, Ventech, Kompas, Speedinvest und Working Capital Fund....”
“der Lebensmittelhersteller Dr. Oetker...”
“angeführt von Gateway Ventures als Lead-Investor...”
“der Schweizer Anbieter Infomaniak heizt Wohnungen mit der Abwärme seines Datacenters...”
“Interxion-Rechenzentrum soll eine Wiener Klinik beheizen...”
Ontology Mapping & Concepts
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