Founded by Harald Nitschinger and Lisa Smith in 2017 in Vienna, Austria, Prewave has achieved rapid growth through end-to-end supply chain risk intelligence. The company achieved 3x annual revenue growth in 2023 and counts over 200 companies including Lufthansa, Toyota, Ferrari and Dr Oetker as customers. In June 2024, the company secured $67M in Series B funding led by Hedosophia, positioning it as a category leader in supply chain risk management.
Cyborg Score Rationale
Prewave demonstrates strong product-market fit with 200+ enterprise customers including Fortune 500 brands, significant capital backing ($97.9M total raised by late 2024), and proven revenue momentum (3x growth in 2023). Primary risk: competitive entry by larger software vendors and execution against ambitious global expansion targets.
Top Insights
Prewave has raised $97.92M total across three funding rounds through June 2024, with Series B ($67M, June 2024) led by Hedosophia. This capital enables global expansion and proprietary AI R&D to defend market position against incoming competitors.
Over 200 enterprise customers including Lufthansa, Toyota, Ferrari, and Dr Oetker rely on Prewave for compliance and risk monitoring. The roster spans automotive, pharma, and food—high-regulation verticals with acute supply chain vulnerability and strong budget elasticity.
Platform maps and monitors millions of supply chain nodes across 400+ languages, analyzing news, social media, certifications, and government data. Real-time predictive alerts deliver competitive advantage in risk identification as regulatory complexity (EUDR, CS3D) escalates across Europe.
Named Competitors
Resilinc — Supply chain risk and visibility platform
Everstream Analytics — Supply chain risk management and intelligence
Recent Developments
(June 2024) Series B funding round of €63M ($67M) led by Hedosophia; company achieved 3x revenue growth in 2023
(May 2023) Series A+ funding round of €18M led by Creandum; company exceeded 100 employees
(June 2022) Series A funding round of €11M co-led by KOMPAS and Ventech; ten-fold revenue growth reported
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