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Everstream raises $24 million in Series A round

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Logistics Update Africa News
Everstream raises $24 million in Series A round

 Everstream Analytics, the global supply chain insights and risk analytics company, closed a $24 million 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," according to an official statement.

Everstream increased its customer base by 550 percent to date in 2022, and added clients including AB InBev, KIOXIA, Shaw Industries and Whirlpool, the statement added. "The past two years have shone a light on the criticality of supply chain resilience," says Julie Gerdeman, CEO, Everstream. "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.


"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." Michael Carroll of Morgan Stanley Investment Management added: "Today, more than ever before, a baseline understanding of supply chain risk is critical for any company working with partners and suppliers, but it is not enough. For a company to succeed, it must be able to anticipate disruption and base complex business decisions on reliable, intelligent data. We are pleased to be a part of Everstream's growth strategy as it continues to strengthen its position as a source of supply chain predictive risk analytics."


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