Supply Chain Risk AI Company Chaired by Former CBP Commissioner Gets $7 Million Investment
Amadeus Capital Partners agreed to invest $7 million in Altana AI, “a start-up working with governments, global enterprises, and supply chain solutions providers to de-risk global supply chains,” the companies said in a news release. Altana customers “gain global supply chain visibility and risk intelligence through the Altana Atlas -- a shared artificial intelligence model of the global supply chain.”
Sign up for a free preview to unlock the rest of this article
Export Compliance Daily combines U.S. export control news, foreign border import regulation and policy developments into a single daily information service that reliably informs its trade professional readers about important current issues affecting their operations.
Alan Bersin, a founding advisory board member and now Altana’s executive chairman, is a former CBP commissioner. “I have long advocated for the sharing of intelligence within and among governments as well as between governments and the private sector, in order to coordinate activity against common threats and to facilitate the lawful flows of global commerce,” Bersin said. “Illicit trade flows currently amount to an estimated $6 trillion per year, and are growing. The COVID-19 pandemic has made evident the opacity and fragility of the global supply chain. In short, the world is in need of a new paradigm for managing our system of global commerce. Through Altana’s breakthrough privacy- and sovereignty-preserving machine learning platform, it is now possible to illuminate transnational networks and risk-manage global flows as never before, and thereby promote lawful, inclusive, and resilient global commerce.”