Just short of a year after raising $24 million from backers including DHL, Everstream Analytics, a company that provides predictive insights for physical supply chains, has secured a fresh round of funding.
Everstream today announced that it raised $50 million in a Series B round led by Morgan Stanley’s 1GT Fund with participation from StepStone Group and Columbia Capital. Julie Gerdeman, Everstream’s CEO, says that the fresh capital will be put toward product development, hiring and customer success efforts.
“Solving supply chain challenges has never been more important, and have never received so much attention from shareholders,” Gerdeman told TechCrunch in an email interview. “Everstream has grown revenue 30x from the initial investment made by Columbia Capital three years ago and was successful in doubling the business in both 2021 and 2022...
