How Altana is Allowing Businesses to Command the Value Chain

Altana, the World’s First Value Chain Management System, works as a collaborative, public-private network, enables customers to take command of their extended supplier and distribution networks – from raw material origins to the sale of finished products.

Through the use of AI applied to the world’s largest body of supply chain data, Altana reveals previously opaque global networks and powers workflows across them.

Customers like Boston Scientific, L.L.Bean, Maersk, US Customs and Border Protection and the UK Department of Business and Trade use Altana to build secure, resilient, efficient and sustainable global value chains.

Harnessing control of the value chain

Altana has received additional funding: US$200m in Series C investment led by Thomas Tull’s US Innovative Technology Fund (USIT).

This funding round also included participation from March Capital, Generation Investment Management, Salesforce Ventures, Friends and Family Capital and each of Altana’s key existing investors, including GV (Google Ventures), Activate Capital, Floating Point and OMERS Ventures.

This funding brings Altana’s valuation to $1 billion.

The Series C investment will fuel an ambitious phase of product development to power AI-driven, collaborative workflows on top of this data platform, enabling the public and private sectors to collaboratively manage security, procurement, compliance, global trade, sustainability and more across multi-tier value chains.

The world’s most important public and private sector organisations, including Maersk, Boston Scientific, ZF, the Lloyd’s Insurance Market, US Customs & Border Protection (US CBP) and multiple UK government agencies through the UK Global Supply Chain Intelligence Programme, all use Altana to manage their multi-tier, global value chains.

“In this new era of globalisation, it is crucial for all public and private organisations to shore up their supply chains and for the whole ecosystem to maintain a streamlined, unified information flow,” says Peter Tague, Managing Partner of USIT.

“Altana’s supply chain intelligence software provides this collective information, empowering companies and governments to understand the vulnerabilities and opportunities within their supply chains, while still maintaining strict customer data privacy.

"We look forward to supporting Altana’s team as they grow these critical tools that will make global business more resilient, secure and sustainable.”

The power of Altana

During the last three years, governments have introduced thousands of trade restrictions, economic security, procurement, climate and national security policies that seek to govern global value chains, reversing decades of trade liberalisation.

Businesses are now expected to know and manage their global value chains – from the sourcing and processing of raw materials, through intermediate production and final assembly, to sale and end use.

Until Altana, there was no way to know, connect, or manage across these extended networks beyond direct buyer-supplier relationships.

“Great power competition, climate change and the breakdown of globalisation are generational challenges that require a new model for managing global business, including a more assertive role for government,” adds Evan Smith, CEO and Co-Founder of Altana.

“The era of unbridled outsourcing is over.

"Our platform is uniquely suited to facilitate a new paradigm – organised around trusted global value chains.

"And this investor group is uniquely suited to accelerate our go-to-market efforts with both governments and enterprises globally. We couldn’t have better partners joining this mission.”

Tackling the thorniest problems

Altana is being used to tackle challenges such as building economic security, mitigating carbon emissions and protecting critical industries and infrastructure – often described as the ‘thorniest’ problems.

Its Value Chain Management System can unlock solutions that have not been possible before at scale by using applied AI to the infrastructure of global commerce.

History of Altana

The company was founded in 2019 by industry pioneers Evan Smith, Peter Swartz and Raphael Tehranian to address the staggering lack of visibility across siloed supply networks by creating an accurate, unified digital representation of global value chains.

Since its formation, Altana has connected and organised the world’s most comprehensive body of supply chain data ever assembled, informed by many of the world’s largest public and private organisations, creating a shared source of truth on the global supply chain network.

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