Aethel Partners is a multinational private equity, alternative asset management and financial services firm headquartered in London.

Aethel Partners

Dorae

<div>UK-based Dorae leverages distributed ledger technology to offer a platform that centralizes all relevant information of a businesses&rsquo; supply chain. Dorae allows enterprises to automate workflows, streamline resource allocation, digitize documentation, and manage risk and compliance workflows.</div>

Bringing the benefits of blockchain to the enterprise

Enterprise Blockchain Solutions

<div>UK-based Dorae leverages distributed ledger technology to offer a platform that centralizes information about businesses&rsquo; supply chains. The company&rsquo;s blockchain-enabled system provides visibility for users to track the movement of raw materials across the supply chain, as it is converted into finished goods. The system also allows enterprises to automate workflows, streamline resource allocation, digitize documentation, and manage risk and compliance workflows.</div>

Empowering efficiency, visibility and collaboration throughout supply networks

Supply Chain Tech

<div>
 
 UK-based Dorae leverages distributed ledger technology to offer a platform that centralizes all relevant information of a businesses&rsquo; supply chain. Dorae allows enterprises to automate workflows, streamline resource allocation, digitize documentation, and manage risk and compliance workflows.
 
 
 In 2018, it was reported that the company operated globally; serving companies in the commodities supply chain ranging from primary producers to end manufacturers. In June 2020, the company was also recognized as a technology partner by the World Economic Forum (WEF).
 
 
 Funding and financial
 
 
 In January 2019, Dorae raised an undisclosed sum in Series B funding, with a post-money valuation of USD 50 million. The company earmarked the funds to support its global expansion initiatives.
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 BlockCypher is an enterprise company specializing in blockchain technology. The company&rsquo;s cloud-based platform helps enterprises build blockchain applications with web APIs and callbacks. BlockCypher's APIs enable users to interact with multiple blockchains and retrieve data from blocks, receive notifications about unconfirmed transactions, and request multiple signature transactions​.
 
 
 In terms of product offerings, BlockCypher's primary service is its cloud-based platform. The platform's design is blockchain-universal, enabling its compatibility with any blockchain. This versatility permits BlockCypher to support numerous enterprise scenarios, including supply chain oversight, financial transactions, and record maintenance.
 
 
 Key customers and partnerships
 
 
 BlockCypher and the National Renewable Energy Laboratory (NREL) partnered in June 2018 to showcase secure peer-to-peer energy transactions using the blockchain, forming the foundation for a distributed energy marketplace. This collaboration opens up new value streams for customers and utilities by reducing the need for a central arbitrator.
 
 
 
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BlockCypher

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 Bloq's products are designed to accelerate blockchain development and deployment, catering to individual developers, startups, and enterprises. Focusing on enterprises, the company&rsquo;s solutions are offered through the Bloq platform, which includes tools for exchanges, wallets, data and analytics, and custody providers.
 
 
 The company provides managed blockchain cloud services that consist of three primary services: Connect, Nodes, and Stake. Connect is a blockchain API service that accelerates the development of real-time connectivity to popular blockchain networks and access to additional blockchain data services. Nodes offers private, fully managed clusters of nodes to access popular public blockchain networks. Stake provides infrastructure and API endpoints to allow users to create validators and start staking, with support for Ethereum and Avalanche networks​​.
 
 
 Key customers and partnerships
 
 
 The company's timeline of innovation includes major milestones such as delivering Fidelity&rsquo;s first bitcoin wallet in 2016, launching BloqLabs in 2017, and working with Citibank on a Universal Node for digital assets in 2018. In recent years, Bloq has launched BloqCloud, a managed node and API service. It also partnered with Lumerin project to tokenize hashpower and founded Atmos Labs to develop metaverse-native sports​​.
 
 
 Bloq&rsquo;s key enterprise customers include Discover, Citigroup, Foxconn, Barclays, Fidelity, and Circle. 
 
 
 
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Bloq

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 Dragonchain offers a blockchain-based, language-agnostic enterprise solutions that includes a Learning Management System. Some of the solutions include 1) Lyceum, which provides traceable proof-of-course progress, completion, scoring, continuing education units, and certification, along with a GDPR- and CCPA-capable identity management platform; 2) Factor, which enables secure PII storage and streamlined authentication; and 3) A FinTech suite that supports regulatory compliance. Dragonchain&rsquo;s products are quantum-safe and the proof of every transaction is secured to bitcoin, Ethereum, and other blockchain networks.
 
 
 In January 2020, Dragonchain was able to execute over 260 million transactions on a business system in just 24 hours. The test was run on 520 active nodes with a utilization rate of below 2%; it was estimated that at full capacity, the platform could execute approximately 13 billion transactions.
 
 
 The company&rsquo;s solutions can be used across a range of industries, including healthcare, FinTech, government, and supply chain management. Most use cases focus on using the platform for information gathering and management, with a priority on accurate and real-time information availability.
 
 
 Key customers and partnerships
 
 
 The company has worked with a range of customers including Snohomish County in the US, Beaxy, Knowledge Perk, and SafePass.
 
 
 
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Dragonchain

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 BlockApps is a leading provider of blockchain solutions that helps businesses enhance transparency and trust in their transactions. BlockApps' key product, STRATO, is a BaaS platform compatible with Ethereum, which is designed for business network transactions and activities, adhering to the standards of the Enterprise Ethereum Alliance (EEA). It can be deployed on multiple cloud providers, integrated with various systems, and is configurable for a range of business activities. It is primarily used for building business networks with a focus on enhancing security, performance, trust, and transparency. STRATO's capabilities include tokenizing real-world assets, incorporating transparency data, and creating value chain incentives. It offers a suite of features including data privacy controls, network governance, scalability, APIs for third-party integration, audit and reporting tools, data migration facilities, identity management using existing enterprise sign-on systems, consensus mechanisms, developer tools, application portability, and the ability to use existing enterprise data models.
 
 
 Key customers and partnerships
 
 
 In 2016, BlockApps collaborated with ConsenSys and BHP Billiton to deploy its first production application. In the same year, it built enterprise Proof of Concepts (POCs) with John Hancock and Upgraded (now Ticketmaster).&nbsp;
 
 
 BlockApps announced an initiative with ARC, United Airlines, and Blockskye in 2018 and also launched the STRATO platform on all major cloud providers by partnering with Google and Amazon Web Services.&nbsp;
 
 
 In September 2021, it launched TraceCarbon, a CO2 ecosystem management application, supporting sustainability traceability.
 
 
 Funding and financials
 
 
 In April 2022, BlockApps raised USD 41 million in funding through a round led by Liberty City Ventures. The company intended to use the funding to enhance its go-to-market strategy, expand its team, help businesses expand in its blockchain ecosystem, and bring more real assets to the STRATO platform.&nbsp;
 
 
 
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BlockApps

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 Cryptowerk is an enterprise blockchain company that offers blockchain-as-a-service, allowing organizations to create a tamper-proof chain of custody for their digital assets and enabling them to prove authenticity at scale​​. Cryptowerk's solutions are used in multiple industries, including aerospace and defense, automotive, pharmaceuticals, software, and utilities​​.
 
 
 The company's primary product is Cryptowerk HORIZON. This software creates tamper-proof records of digital assets that can be sealed in public or private blockchains up to one million times per second. These digital &quot;fingerprints&quot; can then be compared to the original data to verify authenticity. Cryptowerk HORIZON is offered as a REST API. The product is available for cloud-based deployment and supports various organizations including midsize businesses, small businesses, enterprises, freelancers, nonprofits, and government entities​​.
 
 
 
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Cryptowerk

The blockchain-as-a-service segment operates under a B2B SaaS model

Companies offering blockchain-enabled tools to build IoT networks/supply chain traceability solutions for smart factories

Includes companies that offer blockchain-enabled tools to build IoT networks and transfer IoT device data

All companies within this industry are either blockchain-based platforms or offer blockchain-centric services

Companies that offer blockchain-based solutions that enable users and companies to track price, date, location, quality, and other relevant information for supply chain management

<div>
 
 UK-based Dorae leverages distributed ledger technology to offer a platform that centralizes information about businesses&rsquo; supply chains. The company&rsquo;s blockchain-enabled system provides visibility for users to track the movement of raw materials across the supply chain, as it is converted into finished goods. The system also allows enterprises to automate workflows, streamline resource allocation, digitize documentation, and manage risk and compliance workflows.
 
 
 
 
 In 2018, it was reported that the company operated globally, serving companies in the commodities supply chain ranging from primary producers to end manufacturers.
 
 
 
 
 Funding and financials
 
 
 
 
 In January 2019, Dorae raised USD 50 million in a Series B funding round with the participation of investors from North America and Europe. The proceeds were aimed at accelerating the company&rsquo;s global expansion.
 
 
 
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 Project44 is a technology company that specializes in supply chain visibility and logistics connectivity solutions. The company&rsquo;s platform &ldquo;Movement&rdquo; connects shippers, carriers, and logistics service providers to provide real-time visibility of the location and status of shipments. It also offers insights and connectivity across borders, helping businesses manage complex, multi-country logistics. This enables businesses to track and manage the movement of goods and shipments from the point of origin to the final destination.
 
 
 
 
 Since its inception, the company has expanded globally by acquiring visibility providers such as GateHouse Logistics, Ocean Insights, ClearMetal, and Convey. It has also built a carrier network with over 238,000 carriers, as of October 2023. In May 2023, the company reported that its platform tracked more than 1 billion unique shipments annually for over 1,300 brands, which included companies from industries such as manufacturing, automotive, retail, life sciences, and chemical and gas.&nbsp;
 
 
 
 
 In April 2023, Project44 launched &ldquo;Movement GPT,&rdquo; a generative AI assistant for supply chain. This feature allows users to interact within the Movement platform in natural language to track shipments and identify supply chain risks.
 
 
 
 
 Key customers and partnerships
 
 
 
 
 As of October 2023, the company's customers included leading brands such as Nestl&eacute;, Convoy, DHL, Uber Freight, and Bayer.
 
 
 
 
 In May 2023, the company entered into a partnership with asset intelligence company, Nexxiot, to enable the delivery of real-time network insights and IoT-centric conditional and location monitoring. Further, in January 2024, the company partnered with Lenzing Group, a specialty fiber producer, to enhance Lenzing Group's ocean shipment visibility with a focus on carbon emissions monitoring. The collaboration involves the creation of an updated real-time shipment visibility tool that collects carbon emissions data at the shipment and container levels.
 
 
 
 
 Funding and financials
 
 
 
 
 In January 2022, the company raised 
 <a href="https://sp-edge.com/updates/7695">
 USD 420 million
 </a>
 , which included a USD 240 million equity funding round led by TPG, Thoma Bravo, and Goldman Sachs&rsquo; asset-management arm. It also raised USD 180 million through the acquisition of shares by existing investors. This was followed by another USD 80 million round in November 2022 led by Generation Investment Management and A.P. Moller Holding, valuing the company at USD 2.7 billion.
 
 
 
 
 In 2021, Project44 reported an annual recurring revenue of more than USD 100 million.&nbsp;
 
 
 
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Project44

<div>
 
 Supertrace offers a web-based platform to enable transparency and traceability across supply chains. The company assigns digital identities for physical commodities&mdash;a digital code that can be scanned using iOS or Android phones&mdash;and stores them in a blockchain database to make them connected and verifiable. This lets users obtain end-to-end visibility of product movements and enables them to manage fraud, ​​identify inefficiencies, and authenticate products in the supply chain while building trust with connected stakeholders.
 
 
 The platform features both software and hardware components and comes as a &ldquo;plug-and-play&rdquo; solution that can easily be integrated with existing ERP solutions and third-party systems. As of October 2023, the company claimed that the platform had the capacity to track over 300 million products per year.
 
 
 Key customers and partnerships
 
 
 As of October 2023, the company&rsquo;s platform was used by over 60 companies across the world.&nbsp;
 
 
 
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Supertrace

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 Exiger provides software and tech-enabled tools to manage supply chains through AI-powered solutions. These solutions focus on providing visibility across supply chains and mitigating risks in strictly regulated industries, critical infrastructure companies, defense contractors, financial institutions, and government agencies. They also aim to monitor regulatory compliance and combat financial crime.&nbsp;
 
 
 
 
 The company's product portfolio includes solutions such as Supply Chain Explorer, SDX, ExploreRx, and PAC, which are developed to provide visibility across supply networks. Also, its products, such as DDIQ, Screen IQ, and Insight 3PM, are aimed at facilitating risk-screening processes and managing business relationships. In May 2023, the company acquired Ion Channel, adding a platform to its product portfolio to facilitate supply chain risk management.&nbsp;
 
 
 
 
 In September 2023, Exiger launched 1Exiger, its new supply chain platform that integrates and provides access to Exiger's products&mdash;DDIQ, Insight 3PM, Ion Channel, SDX, and Supply Chain Explorer. The company planned to scale up the platform over the following decade and developed a long-term roadmap to introduce new capabilities.
 
 
 
 
 The company operates in the US, Canada, London, Bucharest, Singapore, and Australia. As of October 2023, the company had more than 800 employees across its global offices.
 
 
 
 
 Key customers and partnerships
 
 
 As of October 2023, Exiger was providing its services to 550 Global customers across the world, including 150 companies featured in the Fortune 500 list and over 50 government agencies.
 
 
 In March 2024, Exiger entered a strategic partnership with aDolus Technology Inc., an authority in software intelligence for critical infrastructure. The partnership enables Exiger to incorporate aDolus' software into its supply chain platform. This integration will allow for the analysis of firmware and industrial control software for potential vulnerabilities. This collaboration allows both companies to offer improved visibility and risk assessment capabilities in operational technology to their Federal Government and corporate clients.
 
 
 
 
 Funding and financials
 
 
 In August 2022, Exiger raised USD 32 million through a debt financing round.
 
 
 
 
 In 2021, it was reported that Exiger had achieved in excess of 100% compound annual growth in software license revenue worldwide over the previous four years.
 
 
 
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Exiger

<div>
 
 Chain.io offers a cloud-based integration platform that connects shippers and freight companies across the global supply chain. The company&rsquo;s pre-built adaptors enable shippers and freight companies to integrate their legacy systems with modern API-based SaaS tools to provide them with visibility across their supply networks to efficiently manage freight.
 
 
 
 
 Beyond mere integration, the platform automates freight operations with pre-configured plugins built to expedite the booking, moving, and delivery of freight. This includes automation focused on PO management, securing freight insurance, sending advanced shipment notices (ASN), and invoice processing as well as improving the overall efficiencies in agent, carrier, and customs operations. The platform also enables advanced insights through the aggregation of data from multiple sources into a centralized database. The platform feeds this information into internal reporting and is populated in external dashboards to provide visibility on key operational metrics and environmental impacts.
 
 
 
 
 Key customers and partnerships
 
 
 
 
 As of October 2023, Chain.io&rsquo;s platform was used by leading brands such as Ex Works, Janel Group, John S Conner, Magnate Worldwide, OIA Global, and Jaguar Freight Services. As of June 2022, the company claimed that 10 of the 15 world&rsquo;s largest freight forwarders were also using its platform.
 
 
 
 
 Funding and financials
 
 
 
 
 In June 2022, the company raised USD 11 million in a Series A funding round co-led by Fontinalis Partners and High Alpha. The funding was aimed at expanding the company&rsquo;s network of native integrations to the industry&rsquo;s supply chain technology platforms and to expand its geographical reach across North America, Europe, and Asia.
 
 
 
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Chain.io

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 Overhaul offers a device-agnostic supply chain visibility and risk monitoring solution to monitor and manage in-transit shipments. The company&rsquo;s technology-driven platform provides real-time visibility into the transportation of high-value cargo and critical shipments, ensuring the integrity of the supply chain. In addition, the platform provides insights using AI-powered predictive analytics for risk monitoring, enabling its users to mitigate potential risks, such as theft, damage, or disruptions. The platform also offers solutions to simplify compliance and documentation processes and assist in managing regulatory requirements, inspections, and certifications in the transportation industry.
 
 
 
 
 Overhaul&rsquo;s products and solutions are geared toward global industries such as pharmaceutical and healthcare, technology, logistics, and food and beverage. According to the company, in 2023, it is expected to track more than USD 1 trillion in shipments in transit.
 
 
 
 
 Key customers and partnerships
 
 
 
 
 As of October 2023, the company was offering its products to leading brands such as Microsoft, Dyson, GoPro, Bristol Myers Squibb, and J.B. Hunt.
 
 
 
 
 In April 2023, the company partnered with MCA Connect to offer a comprehensive set of integrated solutions aimed at helping organizations achieve end-to-end supply chain visibility and automate processes.
 
 
 
 
 Funding and financials
 
 
 
 
 In March 2023, the company raised USD 73 million as new growth capital. The funding consisted of USD 38 million in equity and USD 35 million in non-dilutive debt. The round was led by growth equity investor Edison Partners. The proceeds were expected to be used for global expansion, product development initiatives, and to fund the acquisition of security services provider SensiGuard.
 
 
 
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Overhaul

Supply chain tech is frequently depedent on IoT for connecting different links of the supply chain

Supply chain tech contributes towards sustainability through efforts to reduce waste, loss and emissions through improving supply chain operations and accuracy.

Uses blockchain to create transparent, and secure records of transactions and product movements

The platforms facilitate tracing and tracking of products through the supply chain

Platforms that facilitate the tracing and verification of products or components throughout the supply chain, from origin to consumer.

Dorae

Enterprise Blockchain Solutions

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Visible stability through invisible means: Managing supply chain fragility through tech

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