Based in Austria, Prewave specializes in AI-powered supply chain risk intelligence. It has developed a platform that analyzes millions of online sources in 50+ languages to identify, categorize, and address risks affecting suppliers. This technology allows companies to monitor their entire supply chain and execute corrective and preventive measures, thus adhering to international regulations.
Prewave's distinct capability lies in its predictive analytics, which report on risk events before they occur, and its ability to integrate alerts seamlessly with existing enterprise software systems.
Key customers and partnerships
As of June 2024, over 200 companies, including Lufthansa, Toyota, Ferrari, and Dr. Oetker, relyed on Prewave to remain compliant and enhance supply chain resilience and sustainability . These businesses relyed on Prewave for insights into potential disruptions, including natural disasters, political unrest, lawsuits, or worker strikes.
In December 2021, Prewave entered a strategic partnership with valantic, a digital solutions, consulting, and software company, to create a risk management system for complex supply chains, combining their respective digital solutions and AI analysis capabilities. The new solution was expected to increase transparency and resilience in supply chains, allowing companies to respond to unexpected events more quickly and effectively. The partnership also aimed to improve planning security by linking material data with risk information, helping to anticipate supply issues and potential alternatives earlier.
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