Altana Company Growth, Stability & Outlook

NEW YORK - July 29, 2024 - Altana today announced a $200 million Series C investment led by Thomas Tull’s US Innovative Technology Fund (USIT). The funding round included participation from March Capital, Generation Investment Management, Salesforce Ventures, Friends and Family Capital, and each of Altana’s key existing investors, including GV (Google Ventures), Activate Capital, Floating Point, and OMERS Ventures. The funding brings Altana’s valuation to $1 billion.

Over the past three years, governments have introduced thousands of trade restrictions, economic security, procurement, climate, and national security policies that seek to govern global value chains, reversing decades of trade liberalization. Businesses now must know and manage their global value chains, from the sourcing and processing of raw materials, through intermediate production and final assembly, to sale and end use. Until Altana, there was no way to know, connect, or manage across these extended networks beyond direct buyer-supplier relationships.

“Great power competition, climate change, and the breakdown of globalization are generational challenges that require a new model for managing global business, including a more assertive role for government,” said Evan Smith, CEO and co-founder of Altana. “The era of unbridled outsourcing is over. Our platform is uniquely suited to facilitate a new paradigm – organized around trusted global value chains. And this investor group is uniquely suited to accelerate our go-to-market efforts with both governments and enterprises globally. We couldn’t have better partners joining this mission.”