Prewave, a Vienna, Austria–based AI risk and sustainability monitoring platform, raised €63 million in Series B funding.
Investors
The round was led by Hedosophia, with participation from existing investors Creandum, Ventech, Kompas, Speedinvest, and Working Capital Fund.
Hedosophia is a global investment firm supporting category-defining technology companies. Founded in 2012 and based in Saint Peter Port, United Kingdom, the firm seeks to invest in companies operating in the Internet and technology sectors.
Prewave Use of Funds
The company will use the funding to drive its next phase of global growth and to support further product R&D on its proprietary AI technology.
About Prewave
Prewave specializes in AI-enabled sustainability, risk management, and compliance solutions for supply chains. They provide an AI risk and sustainability monitoring platform for purchasing, supply chain, and sustainability managers. Prewave identifies and monitors over 140 types of risks that can impact supply chains, including natural disasters, financial stress, cyber risks, and regulatory changes. They have attracted a diverse customer base across industries, including prominent brands like Lufthansa, Toyota, Ferrari, and Dr Oetker.
Funding Details
Company: Prewave GmbH
Raised: €63.0M
Round: Series B
Funding Month: June 2024
Investors: Hedosophia
Additional Investors: Creandum, Ventech, Kompas, Speedinvest, Working Capital Fund
Company Website: https://www.prewave.com/
Software Category: AI Risk and Sustainability Monitoring
Source: https://www.prewave.com/news/prewave-raises-63m-euro-series-b-to-revolutionise-supply-chain-risk-management-with-ai-driven-superintelligence-platform/