Prewave, a Vienna, Austria-based provider of an AI-enabled sustainability, risk and compliance platform, raised $67M in Series B funding.
The round was led by Hedosophia, with participation from existing investors Creandum, Ventech, Kompas,Speedinvest and Working Capital Fund.
The company intends to use the funds to drive its next phase of global growth and to support further product R&D on its proprietary AI technology.
Prewave provides a sustainability, risk and compliance platform to solve businesses’ supply chain challenges. Its end-to-end solution automatically maps, scores and monitors millions of supply chain nodes to accurately identify risk signals from vast and fragmented data sets made up of news and social media content across 400+ languages; company certifications and annual reports; government and NGO data feeds; and sanction and Politically Exposed Persons (PEP) lists.
Over 200 companies, including Lufthansa, Toyota, Ferrari and Dr Oetker, already use Prewave to remain compliant and enhance the resilience and sustainability of their supply chains.
FinSMEs
25/06/2024