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 Exiger and Kharon, a leader in risk analytics, have announced a strategic partnership to enhance global supply chain security efforts.
 
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 As part of the collaboration, Exiger&rsquo;s AI-powered supply chain management platform will be combined with Kharon&rsquo;s insight into supply chain risk to provide a robust and dynamic risk analysis framework. The aim is to offer a speedy risk assessment process and enrich decision-making for supply chain professionals. The partnership's ultimate goal is to bolster organizations' capabilities to cope effectively with the complexities of global supply chain risk.
 
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 Analyst QuickTake: 
 In recent years, the company has 
 <a href="https://sp-edge.com/updates/27246">
 partnered
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 with aDolus to bolster supply chain cyber defense for critical industries and with the 
 <a href="https://sp-edge.com/updates/24987">
 USPAE 
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 to secure the US electronics supply chain.
 
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 <a href="https://www.prnewswire.com/news-releases/exiger-and-kharon-announce-strategic-partnership-to-accelerate-innovation-at-a-critical-moment-in-global-supply-chain-risk-management-302144072.html">
 Press release
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Supply Chain Tech

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 Exiger, a global leader in regulatory, financial crime, risk, and compliance solutions, has entered into a strategic partnership with Kharon, renowned for its prodigious risk analytics. This partnership aims to fortify global supply chain security efforts.In terms of collaboration, Exiger's AI-powered supply chain management platform will be integrated with Kharon's extensive understanding of supply chain risk, resulting in a powerful, dynamic risk analysis framework.The primary objective of this joint venture is to offer a quick risk assessment procedure and enhance decision-making ability among supply chain professionals. Furthermore, the partnership aims to strengthen organizational capability to deal efficiently with global supply chain risk complexities.
</div> Analyst QuickTake: 
 In recent years, the company has <a href="https: 
//sp-edge.com/updates/27246"> partnered </a> with aDolus to bolster supply chain cyber defense for critical industries and with the <a href="https: 
//sp-edge.com/updates/24987"> USPAE </a> to secure the US electronics supply chain.

Exiger and Kharon collaborate to enhance global supply chain security and risk management

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 iTRACE Technologies has enhanced its iTRACE 2DMI technology, incorporating AI and blockchain technologies to safeguard brands and consumers from fraudulent conduct. This enhancement connects the technology to blockchain for assured secure identification and AI-driven counterfeit product detection. It also provides smooth product verification through its mobile application and suitability for high-security sectors such as electronics, luxury goods, medical technology, pharmacy, automotive, and aerospace.
 The firm maintains that the revised solution delivers improved security against counterfeiting, elevated efficacy, and broadened client competencies for product and consumer protection. It further emphasizes that the amalgamation of AI and blockchain technology can address intricate problems in global supply chains, which is critical considering the recent disruptions in global trading.
 iTRACE Technologies is a firm specializing in supply chain security solutions, with a particular focus on anti-counterfeiting and anti-diversion technologies. Their core offering, iTRACE 2DMI, incorporates patented marking technology that can be utilized on almost any material. This technology supports integration with blockchain, augmenting traceability and security across diverse industries, including automotive, aerospace, and defense​.
</div> Analyst QuickTake: 
 Combating counterfeiting and fraud has been a key focus area for startups in the Supply Chain Tech space. Earlier this year, <a href="https: 
//sp-edge.com/updates/29288"> Sensos </a> and <a href="https: 
//sp-edge.com/updates/28473"> Descartes Systems </a> introduced new features to their solution suite to detect and manage fraud. In addition, in February 2024, Flexport <a href="https: 
//sp-edge.com/updates/26928"> relaunched </a> the "Convoy Platform," which also offers fraud detection technology to prevent fraud across supply chains.

iTRACE Technologies upgrades iTRACE 2DMI technology with AI and blockchain integration

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 Project44 introduces a new feature for its Movement platform, aiming to assist customers in effectively evaluating potential impacts of global supply chain disruptions on their shipments. The feature comprises of an interactive global map that enables users to identify their shipments which might be affected by or at risk due to a disruption on a global scale.
 In absence of any recorded disruptions or when customers need an exhaustive view of their shipment operations worldwide, the feature can be utilized to get an all-incompassing picture of global shipment movements.
 Project44 highlights the primary benefit of this feature as its capability to empower businesses in reacting promptly and efficiently to any supply chain disruptions. The feature is formulated to enrich crisis decision-making by offering valuable insights and a comprehensive real-time view of all shipments.
</div> Analyst QuickTake: 
 The previous <a href="https: 
//sp-edge.com/updates/24113"> update </a> to Project44’s Movement platform was in October 2023. The update introduced new features to the platform including extended visibility for complete shipment tracking, expanded China OTR visibility for in-depth highway freight tracking in China, and shared visibility to allow easier collaboration between parties.

Project44 upgrades Movement platform with enhanced mapping feature for supply chain disruption monitoring

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 Grydd, an AI-driven supply chain and logistics software company, revealed updates to its product suite designed to transform global goods transportation. The enhancements feature a range of new AI applications for various areas including demand planning, route prediction, data quality monitoring, cargo optimization, sustainability, and team collaboration. The tools offer capabilities like predicting demand from historical data, recommending cost-effective routes, AI-aided data monitoring, maximizing transport capacity, and promoting sustainable, low-emission routes. These features are all combined into a single collaborative platform.&nbsp;
 Grydd asserts that the revamped software suite will boost supply chain visibility, control, and sustainability. It further posits that globally, businesses can advance their supply chain planning and operations through the use of these AI-powered tools.&nbsp;
 A specialist in AI-powered software solutions for the logistics and supply chain sectors, Grydd offers services including real-time cargo tracking, automated paperwork, digital booking systems, and inventory management tools. These offerings overall improve decision-making and operational efficiency for its clients.
</div> Analyst QuickTake: 
 Many startups in the Supply Chain Tech space are leveraging AI to enhance their product offerings. Recently companies like <a href="https: 
//sp-edge.com/updates/29158"> ketteQ </a> , <a href="https: 
//sp-edge.com/updates/29071"> ThroughPut Inc </a> ., and <a href="https: 
//sp-edge.com/updates/28850"> Retraced </a> have introduced new AI-powered solutions to support supply chain operations. In addition, incumbents in the space like <a href="https: 
//sp-edge.com/updates/28695"> SAP </a> and <a href="https: 
//sp-edge.com/updates/28527"> Logility </a> are also actively integrating AI into their offerings.

Grydd unveils advanced suite of AI applications for supply chain management

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 Sensors and Pairpoint, a subsidiary of Vodafone, are collaborating to combat the rising issue of supply chain fraud. The partnership will provide a secure platform for businesses to track their products throughout the supply chain using Sensos' tracking labels and AI-control center and Pairpoint's secure digital platform. This system will help detect irregularities and document product movement.
 The incorporation of blockchain technology will boost security and trust, therefore minimizing fraudulent activities in supply chain transactions. Presently, this joint solution is undergoing trials in several locations in the US and Europe along with global logistics operator Unilog.
</div> Analyst QuickTake: 
 Sensos has been actively pursuing go-to-market efforts; in February 2024, it <a href="https: 
//sp-edge.com/updates/26443"> raised </a> funding for this purpose. Product partnerships with global leaders will also complement these efforts.

Sensos and Pairpoint partner to combat global supply chain fraud with secure solutions

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Bitsight has introduced the Discovery and Attribution Engine, a new technology designed to provide enterprises with an updated overview of their Internet-based assets, relations with third and fourth parties, and overall risk levels. This engine achieves this by analyzing billions of security data points to offer valuable insights to customers.
This AI-powered engine includes several features, such as the creation of a dynamic map for an organization's Internet-connected assets. This feature is designed to streamline and speed up the process of viewing exposure across extended attack surfaces, evaluating risk, and prioritizing remediation efforts.
Bitsight asserts that this novel solution can reveal an external organizational risk overview and swiftly and accurately share recommendations. It also allows risk and security leaders to keep up with changes on an internet scale.

</div> Analyst QuickTake: 
 In February 2024, Bitsight <a href="https: 
//sp-edge.com/updates/26871"> launched </a> a solution for managing third-party risk, which aimed to protect the digital supply chain by merging vendor risk management and continuous monitoring. The platform is capable of conducting vendor health assessments, management of onboarding processes, oversight of vendor security hygiene, and more. The new Discovery and Attribution Engine adds more capabilities to its solutions suite.

Bitsight launches AI-powered Discovery and Attribution Engine for risk assessment

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 Avetta has launched Supplier Analytics, a solution designed to help suppliers and prime contractors identify and address issues, meet compliance requirements, and enhance safety measures. It is available on the Avetta platform.
 The offering combines safety, ESG compliance, business, and cybersecurity risks in one platform. Its main features are efficient compliance assessments, effective usage of analytics, and clear collaboration among suppliers, clients, and subcontractors.
 Avetta asserts that the new solution can dramatically reduce business costs tied to compliance management. The company also says that the product has become their most adopted solution since its introduction, due to its effectiveness in simplifying compliance processes and fostering collaboration.
 
</div> Analyst QuickTake: 
 In January 2024, Avetta <a href="https: 
//sp-edge.com/updates/26014"> launched </a> "AskAva," an AI-powered risk assistant for contractor safety. The solution expands Avetta’s Connect platform, allowing firms to automate risk management for contractors on a larger scale.

Avetta introduces Supplier Analytics solution for enhanced compliance management

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 A new supplier risk management solution has been launched by Craft, a company known for specializing in supply chain resilience. This solution is aimed at helping organizations prevent supply chain disruptions by ensuring compliance.
 Featuring more than 1,300 data streams, this solution covers multiple risk categories such as compliance, financial, cybersecurity, and geopolitical risk. It includes third-party data verification, foreign influence data, configurable portfolios, N-tier mapping, and risk alerts integrated with Artificial Intelligence. Businesses can easily configure the four available modules according to their risk priorities.
 Craft states that their solution offers organizations a complete risk overview across their supplier network, aiding in proactive identification and management of risks. The platform also encourages better communication, risk mitigation, and visibility through provisions for evaluation and collaboration at the enterprise level.
 An intelligence platform for suppliers, Craft enhances supply chain resilience and risk management. Their proprietary data platform is used by supply chain and procurement professionals for efficient discovery, evaluation, and monitoring of suppliers along with proactive risk management.
</div> Analyst QuickTake: 
 Recently, several startups have been focusing on delivering supplier risk management solutions to enhance supply chain resilience. Earlier this month, Exiger <a href="https: 
//sp-edge.com/updates/29157"> launched </a> the proactive intelligence capability for predictive risk analytics. The service offers complete and accurate supplier data and predictive analytics to support organizations in navigating through a constantly evolving risk landscape.

Craft launches next-generation supplier risk management solution

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 Privateer, a company specializing in space situational awareness, has purchased geospatial data analysis firm Orbital Insight. The details of the purchase price have not been revealed.
 The technology merger following the acquisition will integrate Orbital Insight’s analytics platform, TerraScope, into Privateer’s Wayfinder data engine. This will enable the collection of combined data and intelligence from diverse sources, from oceans to outer space, expanding possibilities and applications in the field of earth and space data analytics.
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Privateer acquires Orbital Insight to merge technologies and combine data and intelligence

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 PAXAFE has successfully amassed USD 9 million in a Series A financing round. Framework Venture Partners headed this round, alongside new investors M12, Rosecliff Ventures, Elevate Ventures, Gaingels, Mana Ventures, AngelList Quant Fund, and returning investors Ubiquity Ventures and Venture53. This latest funding has brought the company's total fundraising amount to USD 14 million.
 The organization aims to channel the newly acquired funds towards meeting the increasing customer demand, propelling product development, and strengthening its global operations and partner ecosystems. 
</div> Analyst QuickTake: 
 PAXAFE has secured the latest funding following a landmark year in which the company reported a 330% annual increase in recurring revenue. The new funds will be channeled toward critical growth drivers and are expected to maintain this growth momentum.

All Updates

Exiger and Kharon collaborate to enhance global supply chain security and risk management

iTRACE Technologies upgrades iTRACE 2DMI technology with AI and blockchain integration

Project44 upgrades Movement platform with enhanced mapping feature for supply chain disruption monitoring

Grydd unveils advanced suite of AI applications for supply chain management

Sensos and Pairpoint partner to combat global supply chain fraud with secure solutions

Bitsight launches AI-powered Discovery and Attribution Engine for risk assessment

Avetta introduces Supplier Analytics solution for enhanced compliance management

Craft launches next-generation supplier risk management solution

Privateer acquires Orbital Insight to merge technologies and combine data and intelligence

PAXAFE raises USD 9 million in Series A funding to advance AI-driven, autonomous cold chain logistics

Supply Chain Tech

Exiger and Kharon collaborate to enhance global supply chain security and risk management

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