4 Companies Applying AI To Supply Chain & Business Management

This Decade & Beyond

Artificial intelligence (AI) for supply-chain and business management solutions are set to become important tools this decade and beyond to assist organizations, both large and small, in addressing many of the major headaches they have to deal with. The magic of AI is that it can take large amounts of data, analyze it, understand the connections and relationships between it, and then provide actionable insights that can be beneficial to a company’s overall strategy.

Just to show you how the Deep Tech Insider will now profile four doing just that. With vastly different budgets and technological approaches, the quartet mentioned is breaking new ground in offering solutions employing AI.

1. Tradeshift

Founded in San Francisco in 2009 by Christian Lanng, Gert Sylvest, Mikkel Brun, Tradeshift is a cloud-based business network connecting buyers and suppliers that has offices globally.

With more than 1.5 million companies across 190 countries to vouch for Tradeshift to process over half a trillion USD in transaction value, making it the largest global business network for buying and selling, the company is a leader in supply chain payments and marketplaces, as it can assist buyers and suppliers digitize all their trade transactions, collaborate on every process, and connect with any supply chain app.

To date, Tradeshift has raised an unbelievable $861 million in funding over 12 rounds. Its latest funding, a $200-million Convertible Note round led by WestRiver Group, was completed in March of this year.

2. Skuchain

Skuchain’s Currency Agnostic Blockchain links procurement and contract management, financing arrangements, direct enterprise control of corporate payments, and inventory tracking in a buildable manner. The result is a Liquid Supply Chain, where data flows downstream in real-time and early payments flow upstream in a risk-mitigated manner from new pools of capital.

Founded in 2014 by Rebecca Liao, Srinivasan Sriram and Zaki Manian who leads a strong team of serial entrepreneurs from Harvard, Stanford, MIT, Berkeley, Columbia, and UPenn, Skuchain is looking to help enterprises break free from the complexities and costs associated with their inventory and bring forth the vision of ‘Collaborative Commerce’ where trade partners can interact in a friction-free manner and gain deep visibility into their supply chain so they can make smart forecasting decisions, and not be constrained by cash flow.

With an undisclosed amount raised over four rounds since its founding, Skuchain’s investors include NTT Docomo Ventures, Blockchange Ventures, Digital Currency Group, Amino Capital, and Fenbushi Capital.

3. Kinaxis

Kinaxis is a Canadian public company headquartered in Ottawa, Canada. Founded in 1984 by Duncan Klett as Cadence Computer Corporation (in 2005 it changed its name to Kinaxis), Kinaxis combines human intelligence with AI and concurrent planning to help companies plan for any future, monitor risks and opportunities and respond at the pace of change. Powered by an extensible, cloud-based platform, Kinaxis delivers industry-proven applications so everyone can know sooner, act faster and remove waste.

Having initially raised an impressive $33 million in funding over one Venture round back in 2000, Kinaxis went public on June 20, 2014. By the summer of 2017, its market capitalization had increased to $1.7 billion.

4. Deepvu

A partner of Nvidia for supply chain innovation while maintaining customer engagements with Tier-1 Fortune 500 companies, Deepvu delivers autonomous business planning for optimizing supply chain efficiencies, sustainability, resilience and margins for manufacturers, and is the first end to end Autonomous Business Planning (ABP) solution for optimizing these areas. Based in Berkeley, California, Deepvu was founded in 2016 by Moataz Rashad and Walid Aref

While Deepvu has only raised $750,000 in funding over three rounds, its exciting IP and team are committed to building and enabling a sustainable seamlessly efficient future for us all.