Oritain raises $57M for its forensic, bigdata science approach to tracking the origin of goods

News Summary
- That story can be uncovered using methods not unlike those that forensics experts use in a crime lab, said CEO Grant Cochrane in an interview.Cotton grown in one part of the world will look different in a lab, under a microscope, to cotton grown somewhere else.
- Events like earthquakes and fires, as well as simply normal soil conditions in a particular locale, all can be traced by closely examining the material and comparing it against other material and other data.“It’s based on causality,” Cochrane said.
- This groundbreaking technology is a dream solution for sourcing and sustainability leaders at the world’s largest brands who can finally get to grips with the authenticity of their supply chains.
- Factors like changes in the environment play a more significant part than you might realize in how that cotton grows and looks.
- Global supply chains have made the world smaller by enabling us to have virtually anything we want at the tap of a finger.
- We are immensely proud to be partnering with the Oritain team to revolutionize origin verification.”
Global supply chains have made the world smaller by enabling us to have virtually anything we want at the tap of a finger. But when it comes to things like verifying a physical objects origin or its [+3704 chars]