Everstream Analytics, a global supply chain insights and risk analytics company, has announced the close of a $24M Series A round. With new investor Morgan Stanley Investment Management joining the round and increased commitment from existing investors Columbia Capital, StepStone Group, and DHL, the financing comes on the heels of a significant acceleration in company growth. In addition, the company announced that as part of an increased focus on partners and alliances, it has appointed Andy McGuire as head of global alliances. With existing partners, including Oracle, SAP, Accenture, and others, McGuire will lead the company’s efforts to penetrate new market segments and accelerate revenue growth through new strategic partnerships.
To date in 2022, Everstream increased its customer base by 550% and welcomed new banner clients, including AB InBev, KIOXIA, Shaw Industries, Whirlpool, and more. It launched an automated multi-tier visibility solution within an end-to-end supply chain risk management platform and expanded the executive leadership team with strategic hires. The capital raised will propel innovation and further global expansion while the company continues to outpace the competition.
“The past 2 years have shone a light on the criticality of supply chain resilience. Everstream gives companies visibility and insights to uncover and predict supply chain disruption from weather events and other disasters to human, sustainability, and environmental risks across their entire supply chain,” said Julie Gerdeman, CEO of Everstream. “With a record number of new customers—and existing clients expanding their use of the platform—this is the ideal time to harness strategic funding to fuel go-to-market expansion across the globe and accelerate product innovation.”
Everstream’s global customer base includes some of the world’s largest brands, including Google, DuPont, Bayer, Unilever, and Schneider Electric, who are committed to building the smartest and most sustainable supply chains.
Everstream recently expanded its predictive analytics platform to provide visibility deep within the supply chain, allowing companies to map, monitor, assess, predict risk and strengthen even the most complex global supply chains. Dubbed Everstream Discover, the solution is powered by proprietary data, AI, and graph technologies. Taking the helm of further product innovation is Nidhi Chopra, vice president of product.
For more information, visit www.everstream.ai.