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§ Private Profile · Rothschildplatz 4 3rd Floor Vienna, 1020, AT
Prewave is a company.
Prewave has raised $98.0M across 3 funding rounds.
Key people at Prewave.
Prewave has raised $98.0M in total across 3 funding rounds.
Prewave offers an AI-powered platform designed to provide comprehensive supply chain intelligence, enabling enterprises to proactively manage risks and ensure sustainability. The platform leverages predictive analytics and machine learning to deliver real-time insights across complex, multi-tier supply networks, identifying potential disruptions and compliance issues. Its capabilities span due diligence, product and environmental compliance, ESG reporting, and resilience building through continuous monitoring, alerting, and risk scoring.
The company was founded in 2017 by Harald Nitschinger and Lisa Smith. Emerging as a spin-off from the University of Technology Vienna, the venture was born from Lisa Smith’s foundational work on the artificial intelligence technology that underpins Prewave’s analytical engine. Their insight centered on the untapped potential of external data sources to foresee and mitigate supply chain vulnerabilities before they escalate.
Prewave’s solutions cater to large organizations across industries such as automotive, manufacturing, and energy & utilities, assisting them in navigating intricate global supply chains. The company envisions a future where businesses achieve robust resilience and meet evolving regulatory demands by transforming risk exposure into strategic advantage. Their mission is to empower organizations with the intelligence needed to build transparent, efficient, and truly future-proof supply chain operations.
Prewave has raised $98.0M in total across 3 funding rounds.
Prewave's investors include Cocoa, Creandum, IST cube, Kompas VC, Chris Murphy, Stephan Wirries, btov Partners.
Key people at Prewave.
Prewave has raised $98.0M across 3 funding rounds. Most recently, it raised $67.0M Series B in June 2024.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 1, 2024 | $67M Series B | — | Cocoa, Creandum, IST Cube, KOMPAS VC, Chris Murphy, Stephan Wirries | Announced |
| May 1, 2023 | $20M Series A | Creandum | Btov Partners, Cocoa, IST Cube, KOMPAS VC, Chris Murphy, Stephan Wirries | Announced |
| Sep 1, 2022 | $11M Series A | KOMPAS VC | Btov Partners, Creandum, IST Cube, Stephan Wirries | Announced |
Prewave is a Vienna-based technology company founded in 2017 that builds an AI-powered supply chain risk management platform to make global supply chains more sustainable, transparent, and resilient.[2][3][5] The platform serves large enterprises in industries like manufacturing, automotive, and electronics—such as Kärcher, Audi, Porsche, and Volkswagen—by monitoring millions of suppliers across multi-tier networks, predicting disruptions, detecting ESG risks, and enabling compliance with regulations like CSDDD and CSRD.[2][3][5] It solves critical problems like limited visibility into sub-tier suppliers, real-time risk identification (covering 200+ risks in 120+ languages), and inefficient due diligence, delivering 40x less effort, 4.5M daily data points, and 3-day faster responses via actionable AI alerts.[3][5] Prewave demonstrates strong growth momentum, including a €63M Series B raise, recognition as a 2025 Gartner Magic Quadrant Leader in Supplier Risk Management, coverage of 1M suppliers in 2023, and partnerships like Capgemini and Google Cloud.[2][3][7]
Prewave was established in 2017 in Vienna, Austria, with a mission to leverage technology for sustainable supply chains, building on AI and machine learning innovations.[2][5] The core AI technology originated from co-founder Lisa's 2012 PhD research, which developed risk-monitoring capabilities that scan public data for early signals of disruptions like labor unrest or accidents.[5] Early traction came from addressing visibility gaps in deep supply chains, evolving into an end-to-end SaaS platform on Google Cloud for scalability, with significant revenue growth, client expansion (e.g., automotive giants), and product launches like the Prewave Action Platform for mitigation actions.[2][4][5] Pivotal moments include achieving 1.6M registered suppliers, detecting 1,866 ESG hazards in 2023, and responding to regulatory demands with Tier-N monitoring.[2][3]
Prewave rides the wave of supply chain digitization and regulatory mandates like CSDDD and EUDR, which demand multi-tier transparency amid geopolitical tensions, climate risks, and post-pandemic disruptions.[3][5][6] Timing is ideal as businesses face ESG scrutiny and resilience needs—Prewave's AI provides the granularity (e.g., raw material tracing) that manual processes can't match, empowering proactive decisions in volatile global trade.[2][4] Market forces like rising compliance costs and AI adoption favor it, with clients like Volkswagen using it for sustainability risk ID across automotive chains.[3] It influences the ecosystem by setting standards for AI-driven risk management, fostering supplier elevations via trainings, and partnering with auditors (e.g., RSCI), while integrating with procurement tools to embed resilience into core operations.[4][6][7]
Prewave is poised to dominate AI supply chain intelligence as regulations tighten and AI matures, with expansions into procurement integrations, advanced supplier engagement, and global diversification strategies highlighted at Prewave Engage 2024.[3][6] Trends like geopolitical risks, CSRD/CSDDD enforcement, and sustainable sourcing will accelerate demand, potentially scaling to billions in supplier coverage via Google Cloud scalability.[4][5] Its influence may evolve from risk detector to full ecosystem orchestrator, revolutionizing how enterprises build resilient, compliant chains—cementing its role as the Vienna innovator turning supply chain vulnerabilities into strategic strengths.[2][3]
