Altana AI of New York, which de-risks global supply chains, has received a seed investment of $7 million led by Amadeus Capital Partners.

Schematic Ventures, AlleyCorp, and the Working Capital – The Supply Chain Investment Fund also participated in the funding.
 “Altana is well-positioned at the intersection of major trends that are reshaping politics, national security missions, and the orchestration of global commerce,” says Anne Glover (pictured)  CEO and Co-Founder of Amadeus Capital Partners, who will join Altana’s advisory board, “Altana has gained impressive traction helping governments and enterprises to gain cross-border visibility by creating a single, unified view of supply chain risks across multi-tier supply chain networks.”
Altana AI was founded by specialists in supply chain data science, with founding advisory board members including Alan Bersin (former Commissioner of US Customs and Border Protection), Khoo Boon Hui (former President of Interpol), and others involved in supply chain risk management, law enforcement, and logistics.

“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,” says Altana chairman Alan Bersin, “illicit trade flows currently amount to an estimated $6 trillion per year, and are growing. 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.”
Without pooling or transferring their sensitive data, Altana’s customers gain global supply chain visibility and risk intelligence through the Altana Atlas – a shared artificial intelligence model of the global supply chain.
Through its federated machine learning architecture – in which the Altana Atlas is delivered to customers’ data, and not the other way around – Altana ensures data privacy and sovereignty, while providing shared global intelligence.