# Prewave
Prewave is a Vienna-based artificial intelligence company that operates a supply chain risk, sustainability, and compliance platform; it was founded in 2017 by Harald Nitschinger and Lisa Smith.[1](https://techfundingnews.com/austrian-startup-prewave-snaps-67m-to-mitigate-supply-chain-risks-using-ai/) • [2](https://www.ventechvc.com/stories/prewave-raises-67-5m-series-b) The company has raised more than €90 million, including a €63 million (about $67.5 million) Series B led by [Hedosophia](https://www.edgepedia.org/hedosophia) in June 2024, and reports more than 200 corporate customers including [Volkswagen](https://www.edgepedia.org/volkswagen), Volvo, Ferrari, and Dr Oetker.[3](https://tech.eu/2024/06/25/prewave-raises-eur63m-to-enhance-supply-chain-sustainability-and-compliance/) • [2](https://www.ventechvc.com/stories/prewave-raises-67-5m-series-b)
| Fact | Detail |
|---|---|
| Founded | 2017, Vienna, Austria, by Harald Nitschinger, and Lisa Smith[1](https://techfundingnews.com/austrian-startup-prewave-snaps-67m-to-mitigate-supply-chain-risks-using-ai/) |
| Sector | AI for supply chain risk, sustainability, and compliance[2](https://www.ventechvc.com/stories/prewave-raises-67-5m-series-b) |
| Total funding | Over €90 million as of June 2024; an aggregator records $99.25 million including an April 2025 extension (unverified)[3](https://tech.eu/2024/06/25/prewave-raises-eur63m-to-enhance-supply-chain-sustainability-and-compliance/) • [4](https://www.caplight.com/company/prewave) |
| Series B | €63M / $67.5M, announced 25 June 2024, led by Hedosophia[2](https://www.ventechvc.com/stories/prewave-raises-67-5m-series-b) • [5](https://www.prewave.com/company/news-and-press/prewave-raises-euro63m-series-b-to-revolutionise-supply-chain-risk-management-with-ai-driven-superintelligence-platform) |
| Earlier rounds | €11M (2022); €18M Series A+ (2023)[6](https://siliconcanals.com/prewave-raises-63m-funding/) |
| Customers | 200+ companies, including Volkswagen, Volvo, Ferrari, Dr Oetker, Lufthansa, and Toyota[2](https://www.ventechvc.com/stories/prewave-raises-67-5m-series-b) • [3](https://tech.eu/2024/06/25/prewave-raises-eur63m-to-enhance-supply-chain-sustainability-and-compliance/) |
| Investors | Hedosophia, Creandum, Ventech, Kompas, Speedinvest, Working Capital Fund, seed + speed Ventures, Segnalita Ventures, xista Ventures, aws Gründerfonds[2](https://www.ventechvc.com/stories/prewave-raises-67-5m-series-b) |
| Status | No reviewed source reports an acquisition, public listing, layoffs, or disputes; no coverage of events after April 2025 |
## What Prewave does
Prewave's core product is a platform that maps, scores, and monitors millions of supply chain nodes automatically, covering customers' direct suppliers and their sub-tier networks.[3](https://tech.eu/2024/06/25/prewave-raises-eur63m-to-enhance-supply-chain-sustainability-and-compliance/) Its AI engine draws risk signals from fragmented data sources: news and social media content in more than 400 languages, company certifications and annual reports, government and NGO data feeds, and sanctions and Politically Exposed Persons (PEP) lists.[2](https://www.ventechvc.com/stories/prewave-raises-67-5m-series-b)
The platform condenses this stream into real-time predictive and reactive alerts with recommended actions for a customer's supply chain, risky suppliers and sub-tier networks; the company describes this as simplifying millions of risk events across languages and networks into focused, actionable alerts.[3](https://tech.eu/2024/06/25/prewave-raises-eur63m-to-enhance-supply-chain-sustainability-and-compliance/) • [5](https://www.prewave.com/company/news-and-press/prewave-raises-euro63m-series-b-to-revolutionise-supply-chain-risk-management-with-ai-driven-superintelligence-platform) Prewave says it identifies and helps manage 140 risk types globally and that its platform reduces compliance workload by a factor of 40 compared with manual, questionnaire-based approaches; both figures are company claims.[2](https://www.ventechvc.com/stories/prewave-raises-67-5m-series-b)
## Founding and people
Prewave was founded by Harald Nitschinger and Lisa Smith in 2017 in Vienna, Austria.[1](https://techfundingnews.com/austrian-startup-prewave-snaps-67m-to-mitigate-supply-chain-risks-using-ai/) The company's AI engine is described in press coverage as built on a decade of research and development and data training.[3](https://tech.eu/2024/06/25/prewave-raises-eur63m-to-enhance-supply-chain-sustainability-and-compliance/) The sources reviewed do not provide verified detail on the founders' backgrounds or the founding story beyond these facts.
## Funding history
| Round | Date | Amount | Lead / notes |
|---|---|---|---|
| Investment | 2022 | €11M | [6](https://siliconcanals.com/prewave-raises-63m-funding/) |
| Series A+ | 2023 | €18M | [6](https://siliconcanals.com/prewave-raises-63m-funding/) |
| Series B | 25 June 2024 | €63M / $67.5M | Led by Hedosophia; participation from Creandum, Ventech, Kompas, Speedinvest, Working Capital Fund[2](https://www.ventechvc.com/stories/prewave-raises-67-5m-series-b) • [6](https://siliconcanals.com/prewave-raises-63m-funding/) |
| Series B Extension | 2 April 2025 | unverified | Aggregator record only[4](https://www.caplight.com/company/prewave) |
The June 2024 round is the source of the main numerical discrepancy around Prewave. Prewave's own press release and tech.eu headline it as a €63 million Series B, while Ventech's investor announcement gives $67.5 million and Silicon Canals gives $67 million, described as "approximately €63M".[5](https://www.prewave.com/company/news-and-press/prewave-raises-euro63m-series-b-to-revolutionise-supply-chain-risk-management-with-ai-driven-superintelligence-platform) • [3](https://tech.eu/2024/06/25/prewave-raises-eur63m-to-enhance-supply-chain-sustainability-and-compliance/) • [2](https://www.ventechvc.com/stories/prewave-raises-67-5m-series-b) • [6](https://siliconcanals.com/prewave-raises-63m-funding/) The aggregator Caplight records Prewave's cumulative funding as $99.25 million across all rounds from a June 2018 pre-seed through an April 2025 Series B extension.[4](https://www.caplight.com/company/prewave) Tech.eu reported the June 2024 round brought total funding to over €90 million.[3](https://tech.eu/2024/06/25/prewave-raises-eur63m-to-enhance-supply-chain-sustainability-and-compliance/)
Prewave's cap table mixes European venture firms with later-stage capital. Hedosophia led the Series B; Creandum, Ventech, Kompas, Speedinvest, and the Working Capital Fund participated as existing investors, and earlier backers include seed + speed Ventures, Segnalita Ventures, xista Ventures, and aws Gründerfonds.[2](https://www.ventechvc.com/stories/prewave-raises-67-5m-series-b)
## Business, customers and traction
Prewave reported 3x annual revenue growth in 2023 and more than 200 corporate customers, including Volkswagen, Volvo, Ferrari, and Dr Oetker; tech.eu adds [Lufthansa](https://www.edgepedia.org/lufthansa) and Toyota to that list.[2](https://www.ventechvc.com/stories/prewave-raises-67-5m-series-b) • [3](https://tech.eu/2024/06/25/prewave-raises-eur63m-to-enhance-supply-chain-sustainability-and-compliance/) No source reports absolute revenue, profitability, or valuation.
After the Series B, the company said the US market was its top priority for growth.[2](https://www.ventechvc.com/stories/prewave-raises-67-5m-series-b) Prewave's own site headlines a partnership with [Capgemini](https://www.edgepedia.org/capgemini) to deliver real-time risk management and supply chain resilience; this is a company claim, and the retrieved material does not confirm its date.[7](https://www.ai.prewave.com/)
## Recent developments
The verified record runs: €18 million Series A+ in 2023, the €63 million Series B in June 2024, a stated US expansion priority, and the Capgemini partnership announced on the company's site.[6](https://siliconcanals.com/prewave-raises-63m-funding/) • [2](https://www.ventechvc.com/stories/prewave-raises-67-5m-series-b) • [7](https://www.ai.prewave.com/) Beyond that, only aggregator-sourced signals exist: Caplight records a Series B Extension dated 2 April 2025 with no amount, total funding of $99.25 million, and a note that Prewave added [Endress+Hauser](https://www.edgepedia.org/endress-hauser), an industrial automation company, as a customer in April 2025; the same page lists customers including BMW, Kärcher, Hilti, PwC, and Porsche.[4](https://www.caplight.com/company/prewave) These items are unverified by primary reporting.
## References
1. [Austrian startup Prewave snaps $67M to mitigate supply chain risks using AI (TechFundingNews)](https://techfundingnews.com/austrian-startup-prewave-snaps-67m-to-mitigate-supply-chain-risks-using-ai/)
2. [Prewave Raises $67.5m Series B (Ventech)](https://www.ventechvc.com/stories/prewave-raises-67-5m-series-b)
3. [Prewave raises €63M to enhance supply chain sustainability and compliance (tech.eu)](https://tech.eu/2024/06/25/prewave-raises-eur63m-to-enhance-supply-chain-sustainability-and-compliance/)
4. [Prewave | Valuation, Funding Rounds & Stock Price (Caplight)](https://www.caplight.com/company/prewave)
5. [Prewave Raises €63M Series B (Prewave press release)](https://www.prewave.com/company/news-and-press/prewave-raises-euro63m-series-b-to-revolutionise-supply-chain-risk-management-with-ai-driven-superintelligence-platform)
6. [Austria's Prewave raises €63M funding (Silicon Canals)](https://siliconcanals.com/prewave-raises-63m-funding/)
7. [Prewave company site (news: Series B, Capgemini partnership)](https://www.ai.prewave.com/)
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*Initially written Sep 17, 2026 · Edited: Oct 11, 2026; Oct 15, 2026*
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License: Edgepedia Community License 1.0, https://www.edgepedia.org/edgepedia/license