Everstream Analytics, the global leader in supply chain insights and risk analytics, achieved unprecedented success in 2023, marking its most successful quarter in history. CEO Julie Gerdeman highlighted the company’s breakthroughs in AI innovation, market dominance, and its position as the premier end-to-end supply chain intelligence platform. Everstream’s strategic initiatives in business growth, product innovation, and expanding its customer base further solidified its industry leadership.
Business Growth:
- Closed a $50 million Series B funding round co-led by Morgan Stanley Investment Management and StepStone Group, with the support of existing investor Columbia Capital.
- Acquired BlueNode to enhance intermodal analytics and global presence, providing customers with improved transparency, reliability, and data availability.
- Appointed supply chain expert Koray Köse as Chief Industry Officer and expanded the Executive Advisory Board with business, technology, and supply chain experts.
Product Innovation:
- Invested in AI-based enhancements, improving sub-tier network visibility and supply chain information through a redesigned user interface.
- Enhanced automated sub-tier discovery for deeper and more accurate connections between suppliers and material flows.
- Implemented generative AI for automatically generated incident descriptions, expanding industry-leading media monitoring capabilities.
- Introduced Everstream Connect for intelligent mapping and visibility of logistics network flows, incorporating dynamic risk assessments and analytics.
Expanding Customer Base:
- Attracted Global Fortune 1000 companies like Volvo, Vestas, Jaguar Land Rover, HealthTrust, FM Global, Pfizer, Kenvue, SATS (Country Foods), and Hyster-Yale.
- Doubled the average share of wallet for new logos in 2023 as more companies leveraged multiple solutions in Everstream’s end-to-end portfolio.
Expanding Partner Ecosystem:
- Joined SAP.iO Foundry New York to build long-term partnerships with SAP.
- Partnered with Slave-Free Alliance to address forced labor in the global supply chain and recognized the world’s first Slave-Free Alliance-validated technology risk management solution.
- Expanded partnership with Kearney to integrate rapid and proactive risk detection and response for ESG performance.
- Joined the Center for Advanced Manufacturing to advance manufacturing ecosystems through smarter, more resilient, and sustainable supply chains.
Industry Awards:
- Recognized in Fast Company’s World’s Most Innovative Companies list for 2023.
- Received the Supply & Demand Chain Executive Top Supply Chain Projects Award for collaboration with Medtronic.
- Mirko Woitzik, Ulf Venne, and Heather Kosztowny were honored in the Pros to Know 2023 Awards list by Supply & Demand Chain Executive for their expertise and contributions.
- Named one of the Top Tech Startups of the Year by Food Logistics and Supply & Demand Chain Executive.
About Everstream Analytics
The world’s best supply chains use Everstream Analytics. By applying artificial intelligence and predictive analytics to its extensive proprietary data set, Everstream provides the predictive insights and risk analysis companies need for a smarter, more autonomous and more sustainable supply chain. Everstream’s proven solution integrates with procurement, logistics and business continuity platforms and delivers the complete information, sharper analysis and more precise predictions needed to make the supply chain an enterprise asset. For more information, visit https://www.everstream.ai/.
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