Everstream Analytics, a San Marcos, CA-based supply chain insights and risk analytics company, 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 further global expansion.
Led by CEO Julie Gerdeman, Everstream Analytics applies artificial intelligence and predictive analytics to its vast proprietary dataset to deliver the predictive insights and risk analytics businesses need for a smarter, more autonomous and sustainable supply chain. Its solution integrates with procurement, logistics and business continuity platforms generating the complete information, analysis, and predictions required to turn the supply chain into a business asset.
Everstream’s global customer base includes some of the world’s largest brands, including Google, DuPont, Bayer, Unilever, and Schneider Electric, To date in 2022, the company increased its customer base by 550% and welcomed new clients, including AB InBev, KIOXIA, Shaw Industries, Whirlpool, and more.
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 penetrate new market segments and accelerate revenue growth through new strategic partnerships.
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