PreWave Raises $20 Million
Founded out of Vienna in 2017 by Harald Nitschinger and Lisa Smith, Prewave touts itself as a holistic supply chain risk platform that spans “every phase of the risk lifecycle,” through identifying, analyzing, mitigating and reporting these risks.
The PreWave solution crawls data sources like global and local news, social media, and other proprietary data sources to find evidence of supplier issues and violations in a company’s supply chain. These data sources are then aggregated into global scores that allows a brand or retailer to track their global supply chain risks and compliance over time.
TechCrunch: Prewave pulls in $20M as supply chain tech investments remain on VC radars