Supply chain risk analytics company Everstream Analytics raises $24M from investors including Morgan Stanley. Everstream Analytics competitors are Interos, Resilinc, and RiskMethods.

The funding will help Everstream Analytics enhance its technology and expand globally. Here are the top-line bullets you need to know.

Everstream Analytics, a supply chain risk analytics company, has raised $24M in a Series A. The round drew participation from Morgan Stanley Investment Management, Columbia Capital, DHL Supply Chain, and Stepstone Group.

the state of Supply Chain & Logistics Tech q1 2022

Total supply chain funding remains elevated in Q1’22. Get the report to learn more.

How’s the company performing?

Germany-based Everstream Analytics utilizes AI to help companies assess and monitor supply chain risk.
Since its launch, the company has seen its customer base expand by 550%. Some of its clients include Google, Whirlpool, Schneider Electric, Unilever, BMW, and DuPont.
Everstream Analytics currently monitors supply chains across 220 countries and touches 20B data points on a daily basis.
The company is currently supported by a team of 100 employees.

Source: Everstream Analytics

Why does the market matter?

The global supply chain risk management software market is expected to reach a value of $2B by 2027, growing at a CAGR of 12.29%, according to Verified Market Research.
Organizations are finding it increasingly difficult to maintain consistent product quality and delivery efficiency in the face of rising regulatory pressure, which has driven up demand for supply chain risk management software.
The pandemic-induced rise in demand for online shopping and e-commerce services has contributed to market growth as well.
Forty-one percent of shoppers are ready to pay a same-day delivery premium. However, only 20% are willing to forgive retailers for delivery issues due to supply chain disruptions, according to PwC.