Craft: Craft.co Announces Five Year, $28 Million Contract with Secretary of the Air Force for Supplier Risk and Intelligence Technology

SAN FRANCISCO, May 06, 2024 (GLOBE NEWSWIRE) -- Craft.co (www.craft.co), the supply chain resilience company, today announced a $28 million, five-year agreement with the Secretary of the Air Force to bolster due diligence efforts across the Department of Defense. The Craft platform is being used by the U.S. Department of Defense (DoD) and 23 other federal agencies to conduct due diligence and foreign influence checks on companies that aim to do business with the federal government.Craft's supply chain resilience platform simplifies large-scale due diligence efforts by providing a single platform for evaluating and monitoring suppliers across a wide spectrum of risk domains from foreign influence and cybersecurity vulnerability to financial stability and compliance. The platform is powered by an advanced data fabric with more than 1,300 data streams per supplier, a powerful risk engine enhanced by AI-driven insights, and a collaborative workspace that enables sharing and tracking of information internally and across agencies.Currently, more than 500 government employees across 23 federal agencies including the Under Secretary ...Full story available on Benzinga.com