Prewave Raises $67 Million to Expand AI Supply Chain Intelligence

Supply chain intelligence startup Prewave has announced a $67 million Series B funding round. The round was led by global investment firm Hedosophia, with participation from existing investors Creandum, Ventech, Kompas, Speedinvest, and Working Capital Fund. The new funding will be used to support Prewave's global growth and further develop its AI technology to deliver a unique supply chain superintelligence platform.

Supply chain disruptions caused by geopolitical instability, workforce shortages, and inflationary pressures are estimated to cost businesses 6-10 percent of their annual revenue. Additionally, growing regulatory requirements globally are imposing complex reporting and compliance mandates on businesses. Prewave's AI-driven solution automatically identifies and manages 140 risk types worldwide, enhancing supply chain transparency, compliance, and resilience. This solution significantly reduces businesses' workload compared to traditional manual approaches.

Prewave has expanded rapidly due to strong demand across Europe, achieving a threefold increase in annual revenue in 2023. The company now serves over 200 customers, including Lufthansa, Toyota, Ferrari, and Dr. Oetker.

The new funding will support Prewave’s global expansion, particularly in the US market, and further product research and development. The company aims to continue improving supply chain risk management with its advanced AI capabilities, helping businesses navigate modern supply chain complexities more efficiently.

“We founded Prewave because we believe data and AI can make supply chains more transparent, resilient, and sustainable,” said Harald Nitschinger, Co-founder and Managing Director at Prewave. “This funding will help us accelerate our global expansion and enhance our platform to meet increasing regulatory and operational challenges faced by businesses.”

Sabina Wizander, Partner at Creandum, added, “Full supply chain visibility is a top priority, especially given expanding regulations and global uncertainties. Prewave has the best product to meet this need, and this investment will help accelerate their growth.”