#USA #risk management #Supply Chain #Bozeman #Tradeverifyd

Tradeverifyd Secures $8M Series A Funding

Date: January 28, 2025
Location: Bozeman, Montana

Tradeverifyd, a pioneer in supply chain risk management, recently announced the successful closure of an $8 million Series A funding round led by Silicon Road VC and Bread & Butter Ventures. The funding is a pivotal step aimed at revolutionizing the standard practices for global enterprise supply chain risk management, moving beyond traditional methods to incorporate advanced AI capabilities.

This funding round also saw participation from notable investors such as Acronym, Techstars, and a100x, reflecting a robust interest in innovative solutions for pressing supply chain challenges.

Responding To Global Challenges

In today's rapidly changing global landscape, businesses face unprecedented challenges due to climate change, geopolitical shifts, and economic uncertainty. Michael Prorock, the Founder and CEO of Tradeverifyd, articulated this urgency, stating, "The challenges faced by global companies today are increasing faster than anyone thought possible."

The surge in regulatory scrutiny, particularly in light of recent legislation such as the Uyghur Forced Labor Prevention Act in the U.S. and Germany’s Supply Chain Due Diligence Act, has made it crucial for enterprises to assess their supply chain operations with meticulous detail. The average annual cost of major supply disruptions to businesses can reach an astonishing $228 million, a figure that has gained heightened attention since the Covid-19 pandemic.

Advanced AI-Driven Solutions

Tradeverifyd's platform stands out for its capability to automatically identify and mitigate supply chain risks. Designed specifically for senior compliance and procurement leaders, this AI-driven solution enables teams to preemptively guard against disruptions and ensure adherence to regulatory standards. The company leverages its roots from Mesur.io, evolving its technology to cater to both government and enterprise needs.

Brett Brohl, Managing Partner at Bread & Butter Ventures, emphasized that the need for comprehensive solutions is more critical than ever. He stated, "There are more environmental and regulatory supply chain risks for anyone engaged in international trade today than ever before."

The Tradeverifyd Score

A crucial element of Tradeverifyd's platform is its unique Tradeverifyd Score, which measures a supplier’s capability to fulfill product and volume commitments. This score encompasses assessments of compliance, financial positioning, and a thorough evaluation of a supplier’s sourcing practices, extending back to raw materials.

Future Vision and Market Expansion

With the new funding, Tradeverifyd plans to accelerate its market reach and enhance its support for clients navigating evolving regulatory landscapes. The company's headquarters in Bozeman, Montana, along with strategic locations globally, positions it as the go-to partner for enterprises seeking robust solutions amidst changing market dynamics.

Sid Mookerji, Managing Partner at Silicon Road Ventures, highlighted the strategic importance of Tradeverifyd's technology for various industries. He noted that the right solutions could mean the difference between timely product availability or missed sales opportunities during peak seasons.

Given the transformative potential of their AI technology, Tradeverifyd is well-poised for exponential growth in the coming years, helping businesses shift from reactive to proactive management of supply chain risks. By introducing a highly personalized AI decision-making process, Tradeverifyd aims to enhance efficiency and effectiveness across the board.

As the company gears up for future developments, it remains committed to redefining supply chain intelligence standards globally. To learn more about Tradeverifyd and their innovative solutions, visit tradeverifyd.com.

Media Contact: Chris Marley
Email: contact@tradeverifyd.com

SOURCE: Mesur.io