Prewave is an AI-driven risk and sustainability monitoring platform that analyzes millions of sources in over 50 languages to provide real-time alerts on risks affecting suppliers. The platform enables purchasing and supply chain managers to ensure compliance with regulations like the EU Deforestation Regulation and the German Supply Chain Due Diligence Act by identifying and mitigating potential disruptions in their supply chains.
Funding
$101.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
+1Founders
Product
Problem
Global supply chains are increasingly vulnerable to disruptions from a wide range of risks, including natural disasters, geopolitical instability, labor unrest, and regulatory changes. Traditional methods of supplier monitoring often rely on lagging indicators and limited data sources, leaving businesses exposed to unforeseen disruptions and compliance violations. Companies lack real-time visibility into their extended supply networks, hindering their ability to proactively mitigate risks and ensure business continuity.
Solution
Prewave offers an AI-powered risk and sustainability monitoring platform that provides real-time alerts on potential disruptions across the entire supply chain. The platform analyzes millions of data sources in over 50 languages, leveraging machine learning to identify, categorize, and predict risks affecting suppliers. By providing early warnings and comprehensive risk assessments, Prewave enables purchasing, supply chain, and sustainability managers to make informed decisions, mitigate potential disruptions, and ensure compliance with evolving regulations such as the EU Deforestation Regulation (EUDR), the EU Corporate Sustainability Due Diligence Directive (CSDDD), and the German Supply Chain Due Diligence Act (LkSG). The platform facilitates proactive risk management, enhances supply chain resilience, and promotes sustainable and ethical sourcing practices.
Target Audience
Prewave is designed for purchasing, supply chain, and sustainability managers in industries such as automotive, manufacturing, pharmaceuticals, and energy, who need to monitor and mitigate risks across their global supply chains and ensure compliance with evolving regulations.
Features
- AI-driven monitoring of over 1.6 million suppliers across the globe, analyzing millions of data points daily
- Real-time risk alerts covering over 150 different risk categories, including CSR incidents, product incidents, governance risks, labor unrest, and natural disasters
- Predictive analytics that identify potential risk events before they occur, enabling proactive mitigation strategies
- 360° supplier scoring that evaluates suppliers based on real-time data, providing a comprehensive risk profile
- Tier-N supply chain mapping that visualizes the entire supply network, identifying critical dependencies and vulnerabilities
- Seamless integration with existing enterprise systems via API, enabling automated data exchange and workflow integration
- Action Platform that facilitates direct communication with suppliers, task assignment, and issue resolution
- Regulatory compliance solutions for EUDR, CSDDD, LkSG, and other emerging regulations, ensuring adherence to legal requirements