Lineage raises $4.4B in IPO, Altana reaches unicorn status, Korber buys MercuryGate

Supply Chain Tech Trends

August 26, 2024

Hot off the press on a Monday morning!

Welcome back to Supply Chain Tech Trends, your twice monthly deep dive on supply chain tech news, events and analysis, written by Operator Stack.

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Top News

1) Cold-storage giant Lineage raises $4.4 billion in IPO.

2) Altana reaches unicorn status after closing Series C.

3) Korber announces purchase of TMS provider MercuryGate.

“The era of unbridled outsourcing is over. Our platform is uniquely suited to facilitate a new paradigm – organized around trusted global value chains.”

Evan Smith, Altana CEO

Notable Fundings

Altana, a startup that operates a global supply chain platform, raised $200M in funding led by USIT.

Mytra, a San Francisco, CA-based three-dimensional robotics company, raised $78M in funding led by Greenoaks.

Delivus, a Korean AI logistics platform, raised $10.6M in funding led by Hashed Ventures.

Junxing Supply Chain, a Chinese supply chain solutions company, raised $4.1M in funding led by Fortunestar Capital.

Delivers.ai, an autonomous mobility platform, raised $3.9M in funding led by Japan Post Capital, Turkey Development Fund and Impetus Capital.

Boltwise, a company building AI-powered quoting software, raised $3M in funding led by Range Ventures.

FR8Relay, a relay-based trucking logistics company, received a $1M grant from the National Science Foundation.

Gatik, a developer of autonomous middle-mile logistics solutions, raised an undisclosed amount from Nippon Express Holdings.

Links to Ponder

ShipHero spins off fulfillment business

A2Z rolls out delivery ‘drone-network-as-a-service’ offering

Cargo theft continues to plague the trucking industry across North America

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ASCM Connect: September 9-11th, Austin, TX

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