This startup is developing a tool to predict how future supply-chain disruptions will affect business and quickly hiring top executives.
- Startup Altana is developing a supply-chain map to help companies see beyond the first two or three levels of their supply chain.
- Altana has raised more than $115 million and has started making strategic executive hires.
- Most recently, Altana hired Slack’s former VP of Communications and Policy to be its marketing chief.
- The startup has also recently hired former Komodo Health executive Kathleen Ragelis to be the VP of people, former LinkedIn executive Shwetbh Mittal as VP of product, and Aashish Patel as VP of information security.
During and following the pandemic, supply-chain disruptions threw multiple industries into chaos after they were unable to access needed materials. Suppliers couldn’t meet demand, and consumers waited for months to receive ordered items.
Altana’s goal is to provide a map that will help companies better understand their supply-chain connections worldwide using public and non-public supply-chain data. In some cases, Altana’s system will allow companies to view the supply chain from raw materials all the way to the finished product.
Already the company has tripled in size since last year—reaching 120 employees—and has more than 20 customers.
By allowing companies to view their full supply chain, businesses can decide where to source materials so that an event in one region will not affect their entire process. Additionally, knowing where materials come from can help companies reduce their carbon footprint by sourcing more local items.