Prewave

Prewave provides an AI-driven platform for supply chain risk management, designed to enhance transparency, resilience, and sustainability. The company was founded in 2017 by Dr. Lisa Smith and Harald Nitschinger as a spin-off from the Vienna University of Technology. The foundation of the platform is built upon the AI technology developed by Dr. Smith during her PhD research, which began in 2012. Nitschinger serves as the CEO, while Smith's background is in data science and risk management. The firm's core offering is a software-as-a-service (SaaS) platform that monitors global supply chains to identify and mitigate a wide range of risks. It analyzes millions of data points from public sources in over 400 languages to detect over 140 different risk types, including operational disruptions, financial distress, legal issues, and ESG (Environmental, Social, and Governance) risks. The system provides real-time alerts and actionable insights, enabling clients to respond proactively to potential disruptions. Prewave's business model is subscription-based, with pricing tiers determined by the number of suppliers monitored and the specific features required. The platform serves enterprise clients across various sectors such as automotive, manufacturing, energy, and retail, with notable customers including Lufthansa, Toyota, and Ferrari. Prewave has reported significant growth, including a threefold increase in annual revenue in 2023. The company has secured substantial funding to fuel its global expansion and product development, raising a total of $98 million over five rounds. A major Series B funding round in June 2024 brought in €63 million ($67 million), led by Hedosophia with participation from existing investors like Creandum, Speedinvest, and Ventech. Keywords: supply chain risk management, AI platform, ESG compliance, supplier monitoring, supply chain resilience, predictive analytics, risk intelligence, due diligence software, Tier-N transparency, sustainability reporting, Harald Nitschinger, Lisa Smith, supply chain mapping, disruption monitoring, operational risk, compliance management, real-time alerts, supply chain visibility, procurement technology, risk mitigation