Everstream Analytics Raises $24M in Series A Funding

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Everstream Analyticsa San Marcos, Calif.-based risk and supply chain risk analytics firm raised $24m in Series A funding.

The round was led by Morgan Stanley Investment Management with participation from Columbia Capital, StepStone Group and DHL.

The company intends to use the funds to accelerate innovation and continue its global expansion.

Led by CEO Julie Gerdeman, Everstream Analytics applies artificial intelligence and predictive analytics to its large, proprietary dataset to deliver the predictive insights and risk analysis businesses need for a smarter supply chain. , more autonomous and more durable. Its solution integrates with procurement, logistics, and business continuity platforms, generating the comprehensive insights, analytics, and forecasts needed to turn the supply chain into a business asset.

Everstream’s global customer base includes some of the world’s biggest brands, including Google, DuPont, Bayer, Unilever and Schneider Electric. To date, in 2022, the company has grown its customer base by 550% and welcomed new customers, including AB InBev, KIOXIA, Shaw Industries, Whirlpool, etc.

As part of its increased focus on partners and alliances, Everstream has appointed Andy McGuire as Head of Global Alliances. With existing partners including SAP, Accenture, Oracle, and more, McGuire will lead the company’s efforts to enter new market segments and accelerate revenue growth through new strategic partnerships.

EndSME

05/22/2022

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