Columbia Capital, Greenspring Associates and DHL jointly acquired Riskpulse, an Austin, TX-based supply chain risk analytics company, to scale the business in combination with Resilience360, a Troisdorf, Germany-based supply chain management company.
Additional $22.7M in funding will further advance predictive and actionable insights.
Incubated in DHL’s global Innovation Center, Resilience360 provides an end-to-end supply chain risk assessment and monitoring solution. It has become an independently operated company under the management of Rising Tide Digital following an investment by Columbia Capital in 2018.
Led by Simon Woods, CEO, Riskpulse provides shippers, carriers, distributors, with SaaS solutions to increase their on-time performance, reduce freight spending and avoid waste caused by operational and natural, social or infrastructure-driven variability. The company’s solutions quantify and standardize their clients’ understanding of risk across their transportation networks and provide real-world, actionable risk mitigation recommendations up to two weeks before dispatch through to delivery.
Both companies will operate independently for the short term, leveraging operational efficiencies provided by Rising Tide Digital. The companies will transition into a single brand and operating structure in 2020.