Everstream Analytics has secured $50 million in Series B funding, co-led by 1GT, a climate-focused private equity strategy, along with StepStone Group and Columbia Capital. Everstream uses artificial intelligence to provide businesses with comprehensive information, analysis, and predictions to achieve a more sustainable and self-sufficient supply chain. The funding will be used to drive innovation in operational risk and ESG performance to enhance supply chain sustainability for global brands. 1GT’s investment strategy is focused on reducing one gigaton of carbon dioxide-equivalent emissions collectively from the Earth’s atmosphere by 2050.
resource: https://esgnews.com/morgan-stanleys-1gt-co-leads-50-million-funding-for-everstream-analytics-to-accelerate-supply-chain-sustainability/