Press releases from Altana or major financial news outlets

Altana Raises $200 Million Series C, Achieves $1 Billion Unicorn Status

Jul 29, 2024, 05:15 PM

Altana, an AI platform for supply chain data, has raised $200 million in a Series C funding round. The investment was led by Thomas Tull’s U.S. Innovative Technology Fund, with participation from returning investors including GV (Google Ventures) and SalesforceVC. This funding round has vaulted Altana to unicorn status, with the company now valued at $1 billion. Altana aims to bring more visibility to the supply chain in a globalized world and tackle significant issues such as economic security, carbon emissions mitigation, and protection of critical industries and infrastructure. Altana's CEO Evan Smith highlighted the company's mission to create the world's first value chain management system.