Prewave Secures €63M in Series B Funding to Revolutionize Supply Chain Risk Management

In an exciting development for the supply chain management industry, Prewave has successfully raised €63 million in its latest funding round. As a distinguished spin-off from the Technical University of Vienna, Prewave has cemented its position as a leader in expert operating systems specifically designed for supply chain risk management. Developed with a focus on Tier-N transparency, comprehensive supplier mapping, and adherence to environmental, social, and governance (ESG) standards, Prewave's innovative software is transforming how companies navigate the complex landscape of supply chain challenges. The funding will be strategically allocated to enhance Prewave's unique suite of tools, enabling businesses to achieve greater resilience, transparency, and sustainability in their operations. Backed by strong support from AWS - Austria Wirtschaftsservice and incubated at TUW i2c, Prewave is poised for rapid growth and expansion. This significant capital injection underscores investor confidence in the company’s mission to revolutionize supply chain management and fortify businesses against disruptions. With increased focus on compliance and due diligence, Prewave is setting new standards for operational excellence in the supply chain sector, empowering organizations across Europe and beyond to proactively manage risks while ensuring sustainable practices. As the world becomes increasingly interconnected, the need for robust, transparent, and responsible supply chain solutions has never been more critical, and Prewave is at the forefront of this vital transformation.