Tradeverifyd announced that it has raised an $8 million Series A round led by Silicon Road VC and Bread & Butter Ventures, with participation from Acronym, Techstars, and a100x.
Tradeverifyd is transforming the intelligence standard for global enterprise supply chain risk management. The solution was advanced over the prior year at mesur.io to bring advanced capabilities developed for government customers to the enterprise.
Tradeverifyd provides an advanced AI-driven platform designed to automatically identify and help teams mitigate supply chain risks. This solution is tailored for senior leaders in compliance and procurement, aiming to protect their operations from supply chain disruptions and regulatory non-compliance.
Tradeverifyd’s growth comes at a critical time when supply chain risks and compliance concerns are increasingly in the spotlight. And recent developments like the enforcement of the Uyghur Forced Labor Prevention Act (UFLPA) in the United States and the Supply Chain Due Diligence Act (LkSG) in Germany, as well as talks around changing tariffs and export restrictions, have increased the need for comprehensive supply chain risk management solutions.
The company’s Tradeverifyd Score consistently measures each supplier’s ability to deliver the products and volumes they have committed to. And this includes their compliance and financial posture, as well as examining their suppliers back to raw materials for both long- and short-term risks.
Tradeverifyd will utilize the new funding to accelerate go-to-market efforts across the enterprise and to improve support for supply chain leaders responding to changing regulations and compliance needs.
KEY QUOTES:
“The challenges faced by global companies today are increasing faster than anyone thought possible. Climate change, geopolitics, and uncertainty in the markets is forcing companies to dive into the details of how their supply chains work, and where risks might arise at a level of detail that was not previously required. By partnering with our investors, we are positioning Tradeverifyd to scale to meet the demand we are seeing from the market.”
“Without a solid foundation in machine learning, Tradeverifyd would not be able to deliver accurate quantitative analysis. AI, enabled by LLMs, provides us the ability to effectively scale sourcing and compliance teams exponentially. Our AI agents are able to make decisions about information gathering, analysis, and recommendations on their own -and to make those decisions in a way that is informed by actual subject matter experts both in the field and within a particular organization. This means that our AI is effectively ‘personalized’ in its decision making for the needs of our customers. This is a huge breakthrough and advantage, and lets Tradeverifyd scale our data processing and analysis delivery at a level that would typically require an order of magnitude more resources. As a result, we can pass this value onto our customers.”
– Michael Prorock, Founder and CEO
“There are more environmental and regulatory supply chain risks for anyone engaged in international trade today than ever before. It has become more costly for large companies to manage these challenges, and the consequences of failing to do so are significant. Tradeverifyd partners with corporations that need help solving these challenges, leveraging AI and a deep understanding of global supply chains.”
– Bread and Butter Ventures Managing Partner Brett Brohl
“Mesur.io’s Tradeverifyd addresses ‘Surety of Supply,’ one of the most important topics for manufacturers and retailers of all varieties in the United States. Particularly given the changing geopolitical alignments today, using mesur.io’s tech could be the difference between getting merchandise on the shelf in time for significant holidays (e.g., Christmas) and missing out on the opportunity to maximize sales. We at Silicon Road believe that Tradeverifyd will transform supply chains worldwide in the months and years to come.”
– Sid Mookerji, Managing Partner at Silicon Road Ventures
