Prewave, an Austrian startup that uses artificial intelligence to help companies monitor risks in their supply chains. Prewave has raised $20 million in its latest funding round, led by a group of investors including Custoza Ventures and Earlybird Venture Capital.

As supply chain disruptions caused by the pandemic continue to highlight the importance of supply chain resilience, investors have been keeping a close eye on the sector, and Prewave's latest funding round is another example of this trend. The company plans to use the funding to expand its team, further develop its technology, and increase its customer base.

Prewave's technology uses AI to analyze real-time data from a variety of sources, including social media, news articles, and satellite imagery, to identify potential risks to supply chains, such as natural disasters, labor strikes, and geopolitical instability. The platform then provides companies with actionable insights and alerts, allowing them to take proactive measures to mitigate risks and maintain continuity in their supply chains.

Overall, Prewave's latest funding round is a testament to the growing importance of supply chain technology, and the potential for innovative solutions to help companies navigate the complex and unpredictable global supply chain landscape.