Everstream Analytics

Snapshot

Everstream Analytics is a supply-chain risk analytics company that fuses weather, geopolitical, financial, cyber and transportation data into a continuous risk-monitoring product used by Fortune 500 shippers, manufacturers and third-party logistics providers. It was formed in 2020 by combining DHL's internal risk product Resilience360 with the Texas-based weather-and-logistics vendor Riskpulse, and has raised roughly $75 million in disclosed equity through a $50 million Series B in April 2023 led by Columbia Capital and Morgan Stanley Expansion Capital. It matters now because the 2024-2026 pattern of Red Sea disruption, Panama Canal drought restrictions, Tier-1 supplier bankruptcies and tariff-driven supply shocks has moved supply-chain risk from a compliance line-item to a strategic board topic — and Everstream is the scaled independent incumbent in the resulting software category.

Founding story

Everstream Analytics' lineage runs through two distinct products that merged in 2020. Resilience360 was built inside DHL between 2013 and 2019 as an internal and client-facing risk product for the logistics giant's enterprise customers. It drew on DHL's visibility into cargo flows, port activity and global incident reporting to flag supplier and route risks. Riskpulse was founded in Austin, Texas in 2010 by Matt Wensing and originally sold weather and transportation-impact forecasts to shippers and carriers. In 2020 DHL spun Resilience360 out and Riskpulse acquired it to form Everstream Analytics, with DHL retaining a strategic stake and continued commercial partnership.

The current CEO is Julie Gerdeman, who joined in 2021 after serving as CEO of HealthPay24 and leading product and strategy roles at Audax Health, Visa and HP. Gerdeman has reshaped Everstream from a weather-plus-logistics data product into a broader risk-analytics SaaS with ESG, financial-health and sustainability signals layered on top of the original physical-risk core. Matt Wensing stepped away in 2021 after the merger; the current product leadership draws from supply-chain and risk-analytics veterans at companies including Oracle, SAP, Dun & Bradstreet and Munich Re.

How it works

Everstream ingests continuous data from thousands of external sources: weather models and NOAA feeds; AIS vessel-tracking; port-authority and terminal operator data; news-wire and multilingual local-media scraping; social-media incident reporting; government advisory feeds (CISA, OFAC, EU sanctions); carrier and ocean-schedule data; supplier financial-health signals (D&B, SEC filings, credit-rating actions); seismic and hazard datasets; and ESG and sustainability reporting disclosures. Everstream's data engineering normalises these streams and ties incidents to geocoded locations and to specific nodes in the customer's supply-chain network.

The customer sets up its supply chain in the platform by uploading supplier lists, part-level bill-of-materials data, carrier contracts, port and transit lanes, and manufacturing-plant locations. Everstream's graph layer maps the customer's physical network — Tier-1 suppliers, Tier-2 and Tier-3 where visible — and ties incident alerts to the specific products, lanes, orders and SKUs they affect. When a typhoon hits Shenzhen, Everstream can automatically notify customers that specific Tier-2 suppliers in affected postal codes are at risk, which Tier-1 suppliers depend on them, and which customer orders rolling off Shenzhen ports in the next 10 days will be delayed.

The output lands in a web application, as email alerts, through API integrations into customer ERP (SAP, Oracle), supply-chain planning (Kinaxis, Blue Yonder) and visibility platforms (project44, FourKites), and increasingly as feeds into customer-side risk and planning agents. Everstream's analyst team provides managed-service investigation for high-severity events (named storms, geopolitical crises, major supplier bankruptcies).

Product and business overview

Everstream's product line is organised into four modules. Risk Center is the always-on incident monitoring and alerting platform. Supply Chain Risk Scoring is the predictive-analytics layer that assigns risk scores to specific suppliers, lanes and nodes. ESG and Sustainability was added in 2023, scoring suppliers on carbon, labor and compliance signals and tying them to customer scope-3 reporting. Transportation Insights carries forward the Riskpulse weather and routing optimization legacy and is the module most often used by 3PLs and ocean-logistics teams.

Customers include named Fortune 500 shippers (Unilever, 3M, Henkel, Bayer and others have been cited in press releases and customer-case studies) and large 3PLs. Government and defense use is a small but growing segment.

Business model and pricing

Everstream prices as an enterprise SaaS with annual contracts, typically with a platform fee plus per-site or per-supplier node fees. Public references in trade press and consultancy sell-side reports suggest enterprise ACVs typically run $100,000-$750,000 for mid-market deployments and $750,000-$3 million for large multinationals with thousands of nodes to monitor. Multi-year contracts are common and include committed professional-services and analyst hours alongside the software. The ESG and sustainability module is often an upsell on an existing risk-monitoring deployment.

Gross margin at scale is attractive for the data-rich SaaS category — likely in the 70-80% range on the recurring product — but Everstream's cost structure also includes meaningful ongoing data licensing (vessel, weather, news feeds, financial-health signals) and 24/7 analyst operations centers, which drag gross margin lower than a pure-play horizontal SaaS. Net retention has been described as healthy in press materials; multi-year published renewal rates and expansion metrics are not disclosed.

Traction over time

Year	Funding to date	Headcount	Notable milestones
2020 (merger)	~$25M	~200	Resilience360 + Riskpulse combine; DHL retains stake
2022	~$49M	~300	$24M growth round led by Columbia Capital
2023 (Apr)	~$99M	~400	$50M Series B led by Columbia Capital, Morgan Stanley Expansion Capital, StepStone
2024-2025	~$99M	~450	Expansion of ESG/sustainability product and government customers
2026	~$99M	~500	Continued product expansion; no additional disclosed round

(Headcount estimated from LinkedIn; funding from press releases via Business Wire, TechCrunch and dealroom.co.) Everstream has publicly described revenue growth as 50%+ year-over-year in 2022-2023 and has not disclosed updated growth rates publicly in 2024-2026. Based on headcount, product expansion and category pricing, ARR is plausibly in the $75-150 million range by end-2025.

Market analysis

The supply-chain risk and visibility software TAM has been estimated at $5-10 billion annually by Gartner and IDC through 2025, with growth of 15-25% as enterprise supply-chain organisations continue post-COVID digital investment. The TAM is composed of overlapping categories: supplier risk management (D&B, Interos, Riskmethods/Sphera), real-time visibility (project44, FourKites), supply-chain planning (Kinaxis, Blue Yonder), ESG and sustainability (EcoVadis, Prewave), and physical-risk analytics (RMS, Verisk, AIR Worldwide). Everstream crosses several of these.

The structural forces moving the market: regulatory requirements like the EU CSRD (sustainability reporting), the German Supply Chain Due Diligence Act (LkSG) and the US Uyghur Forced Labor Prevention Act (UFLPA) make supply-chain visibility compliance-mandatory in major jurisdictions; climate volatility makes physical-risk analytics operationally critical; and generative AI and agentic planning make the category's unstructured-signal data (news, social, local reporting) more extractable at scale.

Competitive intel

• Interos (private, Dulles VA; raised ~$150M). Supplier-focused risk graph; strongest in financial-health and cyber risk, less deep on physical and weather.
• Sphera / Riskmethods (owned by Blackstone). Supplier-risk incumbent; strong in regulated industries (chemicals, pharma).
• Resilinc (private, San Francisco). Supplier mapping and risk; particularly strong in semiconductor and electronics supply chains.
• Prewave (covered previously, Austrian startup). ESG and sustainability-focused supply-chain risk, with meaningful European enterprise traction.
• FactSet / RMS / Verisk / AIR Worldwide. Property-risk analytics incumbents increasingly adjacent to supply-chain risk.
• project44 and FourKites (both covered previously). Visibility layer; adjacent but increasingly adding risk functionality on top of real-time shipment data.
• SAP Ariba, Oracle, Coupa (covered). ERP incumbents bundling supplier-risk features; threat to standalone pricing power.

Each competitor attacks a slice. Interos is deepest in financial and cyber risk on suppliers; Resilinc has the strongest electronics-vertical penetration; Prewave is the ESG specialist, especially in Europe; project44 and FourKites are turning visibility into the lower layer of risk analytics; and the ERP suites are the strategic threat as they bundle risk into enterprise planning seats.

History and evolution

2010. Matt Wensing founds Riskpulse in Austin. 2013. DHL builds Resilience360 as an internal and customer-facing supply-chain risk product. 2020. Riskpulse and Resilience360 combine; new company named Everstream Analytics; DHL retains strategic stake. 2021. Julie Gerdeman appointed CEO. 2022 (May). $24M growth round led by Columbia Capital. 2023 (April). $50M Series B led by Columbia Capital, Morgan Stanley Expansion Capital, StepStone Group; ESG product launched. 2023-2024. Red Sea Houthi attacks, Panama drought, UFLPA and German LkSG implementation push enterprise demand into the category. 2025. Expansion of AI-driven alerts and integration partnerships with ERP and planning vendors. 2026. Continued private operation; no disclosed new round.

What people say

The case for. Enterprise customer references in trade press (JOC, Supply Chain Dive, DC Velocity) have described Everstream alerts providing days-to-weeks of early warning on specific disruption events, including the Suez blockage, early-COVID port closures and the 2024 Baltimore bridge collapse. Customer-case studies cite named Fortune 500 shippers using Everstream for both daily operations and executive reporting. The Series B investor set (Columbia Capital, Morgan Stanley, StepStone) is a sophisticated enterprise-infrastructure group that typically prices for durable gross margins.

The complaints. The category has credibility gaps that cut across all incumbents, Everstream included. Alert fatigue is the most-mentioned issue in customer forums and analyst notes: enterprise users receive many more notifications than they can act on, and tuning alerts to materiality remains manual. Supply-chain data quality for Tier-2 and Tier-3 suppliers is sparse — Everstream maps what customers upload and what public signals reveal, which means visibility beyond the direct supplier set is partial. Pricing has been described as expensive for mid-market, with implementations taking 3-6 months before the first alert deliveries. Glassdoor reviews mention a product organisation stretched across multiple module areas with uneven depth.

Outlook: the open question

Does Everstream own the primary data layer and the agentic workflow for supply-chain risk — or get sandwiched between the ERPs integrating risk functionality below and specialised AI-first vendors offering tighter alerting above? The business works if Everstream is the trusted real-time risk feed that every ERP, planning tool and visibility platform integrates against, with the ESG and compliance workflow built on top. The business is bounded if SAP, Oracle and Coupa bundle good-enough risk into their enterprise suites while new AI-first entrants build better signal-to-noise alerting. The specific answer-condition for the bullish case: by 2027, Everstream has (a) signed API integrations with every top-tier ERP, planning and visibility vendor; (b) demonstrated an alert-precision metric that out-performs ERP-bundled risk by a credible margin; and (c) retained enterprise customers through a competitive bundling cycle. If instead the ERP bundling story plays out and AI-first alerting wins the mid-market, Everstream's TAM compresses and its enterprise ACV plateaus.

How to attack it

Four attack vectors. First, agent-native risk analytics. A new entrant can build a supply-chain risk product where every alert is an executable agent action rather than a human-review ticket — the agent proposes a mitigation (reroute, buffer-build, supplier-sub-in), queues it in the customer's ERP or planning system, and tracks the outcome. Everstream's product is still largely alert-and-dashboard. A vendor whose unit of work is the automated response, not the alert, obsoletes the dashboard.

Second, Tier-2 and Tier-3 data primacy. Supply-chain mapping below the direct supplier is where the category has the biggest gap. A specialist that uses customs, bill-of-lading, satellite imagery of supplier facilities and OSINT techniques to resolve Tier-2 and Tier-3 relationships (Altana, covered previously; Interos) can get there first and sell to Everstream's customers as a layer underneath.

Third, vertical specialisation. Resilinc owns semiconductor; Prewave owns European ESG. Vertical specialists in pharma, automotive, food-and-ag, aerospace or defense can own a slice with deeper buyer relationships than Everstream's horizontal play.

Fourth, ERP-native risk. SAP and Oracle both have early supply-chain risk functionality; Coupa and Ariba have supplier-risk modules. A startup that builds a risk product natively on top of SAP's or Oracle's agent runtimes could capture the integration layer Everstream currently requires as a separate contract. The specific weaknesses in Everstream's current position: no primary customer-system-of-record (customers must upload or integrate supply-chain data), module depth that varies across risk, ESG and transportation, meaningful dependence on third-party licensed data, and professional-services-heavy enterprise sales cycles.

Adjacent-segment play

The core capability is a multi-source geospatial-plus-financial-plus-geopolitical risk graph with 24/7 analyst operations. The clearest adjacent is property and casualty insurance underwriting — the same risk graph that scores a supplier's typhoon exposure can score a commercial property policy's. Everstream has flirted with insurer sales; the Series B investor set (which includes Morgan Stanley Expansion Capital, with insurance adjacencies) suggests awareness of the fit. Capital markets / credit risk is another: the same signals that predict supply-chain disruption predict corporate credit stress, and Everstream's data could feed credit-rating workflow or private-credit underwriting. ESG and compliance has been the actively pursued adjacent, with growing CSRD and LkSG regulatory tailwinds. Government and defense is nascent but real: the US DoD and allied governments have standing supply-chain-resilience programs that would buy a hardened Everstream deployment.

The adjacency that does not generalise cleanly is pure asset-tracking visibility (project44, FourKites, Overhaul, Tive). The data primitives (shipment-level real-time position) are different; the customer buying team is often different (operations rather than risk and compliance); and the pricing model is lower-ACV, higher-volume. Attempting to compete head-on with the visibility specialists would dilute Everstream's gross margin and brand. Better to deepen the integration layer with visibility vendors and keep risk as the differentiated product.

Sources and further reading

• Business Wire, Everstream Raises $50M in Series B Funding, April 2023.
• TechCrunch, Everstream Analytics raises $50M, April 2023.
• SiliconANGLE, Supply chain sustainability startup Everstream Analytics raises $50M, April 2023.
• DC Velocity, Everstream Analytics names Julie Gerdeman as CEO.
• The SCX Change, Resilience360 and Riskpulse rebrand as Everstream Analytics.
• Supply Chain Management Review, Resilience360 and Riskpulse Combine and Rebrand as Everstream Analytics.
• Business Model Canvas Template, Brief History of Everstream Analytics.