Harmonic just released its hot 25 report. So this is a report where they rank preede seed and series A startups based on the aggregated interest of thousands of investors using the platform. So here are the biggest risers and fallers as we head into 2026.The biggest story almost a complete refresh. We've got 24 new entrance compared to just 11 last batch. Only one company from Q3 made it back.Lovable, who maintains the number one spot and has now hit over 140 million in ARR. Let's highlight some standout ne ...

Investment Rating - The report does not explicitly state an investment rating for the supply chain tech industry Core Insights - The supply chain tech vertical's Q1 2025 deal value was $2.4 billion, down sharply QoQ but up 23.8% YoY, indicating a return to normal levels seen in Q3 2024 and prior quarters [14] - Deal count decreased by 13.3% YoY and 14.7% QoQ, while exit count rose 50% QoQ to 21, driven by a doubling in acquisitions [14] - Notable deals included Neolix's $137.9 million Series C round and Odeko's $126 million Series E round, highlighting significant investment activity in autonomous trucks and supply chain software [15] Supply Chain Tech Landscape - The supply chain tech landscape includes segments such as enterprise supply chain management, warehousing tech, freight tech, and last-mile delivery [9][12] - Key technologies in these segments include asset tracking, autonomous delivery, and warehouse automation [12] VC Activity - Q1 2025 saw a total deal value of $2.4 billion, with a notable decline in deal count across pre-seed/seed, early, and late stages, while venture-growth deal count rose by 45% [14] - The freight tech segment's deal value was approximately twice the average of the prior four quarters, while enterprise supply chain management saw modest QoQ growth [14] Deal Summary - Key supply chain tech VC deals in Q1 2025 included Neolix ($137.9 million), Odeko ($126 million), and Infra.Market ($122 million), showcasing a strong interest in logistics and procurement solutions [31] - The report indicates a total of 163 deals in Q1 2025, with a deal value of $2.4 billion, reflecting a significant share of total VC activity [35] Exit Activity - The exit count in Q1 2025 was 21, with notable acquisitions including Peak by UiPath, indicating a robust exit environment for supply chain tech companies [15][33] - The report highlights a trend of increasing acquisitions, with a total of 14 acquisitions in Q1 2025 [35]